The Hungarian partner restaurants that subscribe to the system say that Foodpanda’s commission, which went from 7% to 15%, is unsustainable. But abandoning Foodpanda is not necessarily a better option as many restaurants derive a large chunk of their revenues from orders placed through the platform.
Dániel Kováts, the proprietor of Foodpanda and a member of ruling Fidesz party, said that the price hike was necessary in order to offer better service to partners and customers and covers such costs as advertising packages and a soon-to-be-launched mobile app for placing orders, hvg.hu added.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
