Coronavirus: Deliveroo launches daily payment service to help operators’ cash flow

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Deliveroo has launched a free daily payment service to help its restaurant partners’ cash flow. The company said restaurants would be able to receive money made from deliveries within a day.

Deliveroo will cover increased banking charges for the rapid payments and said the new payment process would give restaurants faster access to their delivery revenue, helping them cover costs. The service will be available for the next three months before being assessed regarding the time-frame’s extension.

The company said almost 3,000 restaurants had signed up to Deliveroo in the past month alone.

Deliveroo has also dropped onboarding fees for new restaurants and has developed a “contact-free delivery” feature in its app.

Founder and chief executive Will Shu said, “We want to do everything possible to support our restaurant partners. This new rapid payment system will immediately improve the cash flow of thousands of restaurants and help them better manage their finances during these challenging times.”

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