How reOrder will convert fiat customers to cryptocurrency customers?
They will switch on crypto when they find it much cheaper to use. Discounts, bonuses, easy to use
Topic: ☀� [ANN] ☀� reOrder Gateway - USA, NY based Startup|MVP - Nov. 7th - page 37. (Read 23695 times)
November 06, 2017, 12:08:42 PM
They will switch on crypto when they find it much cheaper to use. Discounts, bonuses, easy to use
November 06, 2017, 12:06:05 PM
How reOrder will convert fiat customers to cryptocurrency customers?
November 06, 2017, 12:05:46 PM
Why not? But the main target is not just accept crypto on the terminals but to provide business tool for owners and service for customers with enabled crypto giving more advantages for both
November 06, 2017, 11:57:51 AM
You have some arragements with some restaurants in USA right now? They want to work with you?
I know Arnhem in The Netherlands was the city with most bitcoin merchants in the world some time ago. Maybe next move will be The Netherlands?
November 06, 2017, 11:43:09 AM
on which exchanges is this token going to be dealt? etherdelta at first? are you in contact with other exchanges already?
We have partner who work with major US exchanges. Stay tuned. We will post more info soon
November 06, 2017, 11:35:58 AM
on which exchanges is this token going to be dealt? etherdelta at first? are you in contact with other exchanges already?
November 06, 2017, 11:10:38 AM
what is soft cap of the project?
Soft cap for first ICO stage is $100k
Soft cap for second ICO stage is $4,5m
Hard cap is $28m
November 06, 2017, 11:06:39 AM
what is soft cap of the project?
November 06, 2017, 10:53:31 AM
The demo looks really user-friendly. Saving tones of time because of no need to wait for the waiter with menus and ordering instantly. especially if it's not my first visit to the place.
And no need to wait for a check as well.
Payment options only with card and cash? or crypto payments available also?
And no need to wait for a check as well.
Payment options only with card and cash? or crypto payments available also?
Currently cash and cards. At 2018 we will implement cryptopayments
This is what many people want. It could become very popular and get noticed in NY
November 06, 2017, 10:51:37 AM
If restaurants dont need to pay for the terminal, that is a huge plus. I can see why they need an initial investment if they are going to pay for all the costs!
if they don't need to pay for the terminal, that's a huge boost. currently restaurants use outdated and refurbished technology a lot of the times, so this should have a competitive advantage.
After installation, my question is, will support and maintenance for such hardware and software be still free?
Absolutely free. Everything free for business owner
November 06, 2017, 10:50:41 AM
so your partnered restaurants don’t need to pay for the hardware in the end, which will be ipads probably + the extension. How do you make enough money over time to pay all the hardware etc.? Just from the ICO income? What does the restaurants pay monthly, yearly?
It is not logical to gather money only Ico. After some time it will finish, so they need regular income.
Because of terminal and installation is free, income method can be one of two or both methods. Monthly, yearly fees or commission on sales.
Quote
After the implementation of the project (beginning of 2018), the Company expects to profit from the following sources:
Convenience Fee – making profit at a fixed rate of $1 from each receipt (approx. 25% of all profits)
Payment processing – making profit from agent payouts for each transaction (approx. 2.5% of all profits)
Advertising – broadcast of promo videos, banners, alcohol e-catalog (approx. 25% of all profits)
Loyalty cards – the issue of pre-paid cards for payments in restaurants and stores (approx. 47.5% of all profits).
Convenience Fee – making profit at a fixed rate of $1 from each receipt (approx. 25% of all profits)
Payment processing – making profit from agent payouts for each transaction (approx. 2.5% of all profits)
Advertising – broadcast of promo videos, banners, alcohol e-catalog (approx. 25% of all profits)
Loyalty cards – the issue of pre-paid cards for payments in restaurants and stores (approx. 47.5% of all profits).
Ah thanks for the info. I was like "wtf, how can they make money when they give away their stuff for free" but of course I could have thought about advertisment etc.
But on the other hand, the "Convenience Fee" seems a bit high, or am I wrong? They want to help smaller restaurants etc, but if the owner has to pay 1$ each time they sell a dish, it could be a lot of money for the restaurant owner. Smaller restaurants often struggle with their prices because they can't be too expensive I think. If you take now 1$ from their incoming money from one dish...
You are correct but Convenience Fee have to pay customer.
Lets count:
average receipt: $25
5% tips is $1.25
Convenience Fee $1
So instead of paying 20% tips customer pays about 10% on top
November 06, 2017, 10:39:27 AM
The demo looks really user-friendly. Saving tones of time because of no need to wait for the waiter with menus and ordering instantly. especially if it's not my first visit to the place.
And no need to wait for a check as well.
Payment options only with card and cash? or crypto payments available also?
And no need to wait for a check as well.
Payment options only with card and cash? or crypto payments available also?
Currently cash and cards. At 2018 we will implement cryptopayments
November 06, 2017, 09:34:33 AM
If restaurants dont need to pay for the terminal, that is a huge plus. I can see why they need an initial investment if they are going to pay for all the costs!
if they don't need to pay for the terminal, that's a huge boost. currently restaurants use outdated and refurbished technology a lot of the times, so this should have a competitive advantage.
After installation, my question is, will support and maintenance for such hardware and software be still free?
November 06, 2017, 10:37:16 AM
You have some arragements with some restaurants in USA right now? They want to work with you?
Yes we have and we need to prove our quality of support to sign agreements
November 06, 2017, 10:37:11 AM
I think reorder can take place in a lot of city, remember that New York is just a start. In Europe a project like reorder can work really well in big city for exemple.
November 06, 2017, 10:36:26 AM
This project seems to me moving in a promising direction, the restaurant business will not cease to exist but why exactly in this project should we invest our money? What are the distinguishing features?
Because of the huge number of restaurants and food cords, they have a big chance that some of them will adopt their product. They just need to be patient and let it evolve with natural way of spreading the good reviews among food providers and users.
Especially since it costs the restaurant owners absolutely nothing to give it a try:
"Customer table reOrder terminals installation is free and therefore easily affordable for New York retail business owners. Ready to deploy solution provide seamless next day operation"
You sure you're reading that right? The installation is free, but what about the price of the terminals themselves? Or is Reorder going to sponsor those devices? Not a bad idea, they'll earn it back on commissions.
Installation is free, they dont say the terminals will be free.
Maybe restaurant can rent those or buy.
Hardware is also free. But it will probably run on commodity hardware and won't be very expensive.
Just some linux terminal with a touch screen probably.
@Dev do you have a demo video available to see the ordering process?
It's app for ipad not for linux.
You can find demo right here http://demo.reorder.tech
Ow thats great that everything is completly free!
This will attract more and more restaurant. Thanks for sharing the demo link, will have a look at it.
Keep it up! Great work and thanks for being active on this thread.
Thank you for your support
November 06, 2017, 10:31:50 AM
If restaurants dont need to pay for the terminal, that is a huge plus. I can see why they need an initial investment if they are going to pay for all the costs!
if they don't need to pay for the terminal, that's a huge boost. currently restaurants use outdated and refurbished technology a lot of the times, so this should have a competitive advantage.
After installation, my question is, will support and maintenance for such hardware and software be still free?
I would say they will need to pay for maintenance themselves. Also are there limited number of free terminals for each restaurant or they will get as many as they need in the beginning?
Let's say 5 free terminals for each restaurant is starting package. We will decide number of terminals in each case individually. For busy places it's worth to install more.
November 06, 2017, 10:15:22 AM
germany would also be a thing. they eat a lot compared to south europe
I believe people eat everywhere in Europe. Germany just quite large and it creates an impression that people eat more.
thats right. therefor austria would be the best but austria is pretty small in comparison
November 06, 2017, 10:11:12 AM
If restaurants dont need to pay for the terminal, that is a huge plus. I can see why they need an initial investment if they are going to pay for all the costs!
if they don't need to pay for the terminal, that's a huge boost. currently restaurants use outdated and refurbished technology a lot of the times, so this should have a competitive advantage.
After installation, my question is, will support and maintenance for such hardware and software be still free?
I would say they will need to pay for maintenance themselves. Also are there limited number of free terminals for each restaurant or they will get as many as they need in the beginning?
The answers before from the dev sounds like they get no limitation on hardware, but I could imagen that they will check before if some restaurants need really a high amount of this if they order.
November 06, 2017, 10:10:49 AM
germany would also be a thing. they eat a lot compared to south europe
I believe people eat everywhere in Europe. Germany just quite large and it creates an impression that people eat more.
The average amount of food consumption depends on the climate. In the colder climatic zone, on average, more are eaten than there where it is warm or hot. This however, does not rule out regular gluttony eating in warm climates. For life, the body needs energy, and in a cold climate it is spent more. Here if we take for example animals, the crocodile can eat one antelope and then almost a year is not. A polar bear must eat every day, or at least once every few days. Therefore, the choice of New York for this start is very suitable.
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