Shift4 Announces Program to Pay Restaurants $1 for Every Online Order Received Through SkyTab POS & Offers a Signing Bonus to New Customers

Rhea-AI Summary

Shift4 (NYSE: FOUR) Launches Initiative to Combat Junk Fees, Offers Incentives for Restaurants to Install SkyTab POS System. CEO Jared Isaacman aims to help businesses succeed by paying restaurants $1 for every online order for the first three months of service and offering a signing bonus of up to $5,000 to migrate from competitor systems. The initiative aims to combat junk fees and provide a better alternative for restaurateurs.

Positive

• Shift4 (NYSE: FOUR) is taking a proactive approach to combat junk fees and support businesses by offering financial incentives to restaurants installing the SkyTab POS system.
• The initiative reflects Shift4's commitment to helping businesses succeed and providing a better alternative amid increasing junk fees for online ordering.

Negative

• None.

Leader in POS and Payments Furthers Its Commitment to Helping Businesses Succeed

ALLENTOWN, Pa.--(BUSINESS WIRE)-- Shift4 (NYSE: FOUR), the leader in integrated payments and commerce technology, has launched an initiative that combats the junk fees that are increasingly being imposed on businesses and consumers. Starting today, restaurants that install the company’s SkyTab POS system will be paid $1 for every online order they receive for the first three months of service. Additionally, to help restaurant owners migrate from competitor systems, the company is offering a signing bonus up to $5,000.

SkyTab POS. (Graphic: Business Wire)

“When our competitors began implementing junk fees for online ordering and threatening even more fees, we knew it was an opportunity to show restaurateurs there was a much better alternative,” said Jared Isaacman, CEO of Shift4. “This is really about trust. Clearly some of our competitors are looking for new revenue streams and they are getting creative and aggressive with their billing tactics. Shift4 has been a leader in restaurant POS for over 20 years and this has enabled us to build a sustainable model with the lowest cost of ownership for our customers. We don’t charge for hardware, we don’t charge for online ordering, we don’t charge for our marketplace or loyalty solution. We don’t take our customers for granted and certainly don’t subscribe to imposing fees that create friction between them and their patrons.”

SkyTab POS is a modern, all-in-one technology platform that allows restaurants and bars to deliver exceptional guest experiences and manage every aspect of their business. This next-generation restaurant POS system includes cutting-edge hardware, robust functionality, powerful management tools, and various handheld mobile solutions.

SkyTab is uniquely priced with no upfront costs and an all-in-one monthly fee – starting at $29.99 – that covers best-in-class hardware, state-of-the-art software, 24/7 support, and local service. This includes integrated online ordering and reservations, contactless/QR code ordering and payment, built-in marketing tools and loyalty program, mobile devices for tableside ordering and payment, eGift cards, and much more.

Shift4 payment technology powers over a third of the table service restaurants and hotels in the United States and has become the category leader in theme parks and stadiums. Shift4 and SkyTab POS have become a trusted solution for all businesses – from independent operators to the largest enterprises in the world.

To learn more, visit www.skytab.com/pos-fees.

Restaurant must install SkyTab POS by October 31, 2023 to qualify for these programs. Terms and conditions apply.

About Shift4

Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit shift4.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230727439425/en/

Media for Shift4

Tracy Rubin

JCUTLER media group

tracy@jcmg.com



Nate Hirshberg

VP, Marketing

nhirshberg@shift4.com

Source: Shift4

FAQ

What is the initiative launched by Shift4 (NYSE: FOUR) to combat junk fees?

Shift4 (NYSE: FOUR) has launched an initiative to combat junk fees by paying restaurants $1 for every online order for the first three months of service and offering a signing bonus of up to $5,000 to migrate from competitor systems.

How does the initiative aim to help businesses?

The initiative aims to help businesses by providing a better alternative to combat junk fees and support restaurant owners.

What incentives are being offered to restaurants by Shift4 (NYSE: FOUR)?

Restaurants installing the SkyTab POS system will be paid $1 for every online order for the first three months of service and offered a signing bonus of up to $5,000 to migrate from competitor systems.