What Does It Mean?
Commission rates refer to the percentage of the total order value that a restaurant pays to third-party delivery or ordering platforms in exchange for their services.
Why Is It Important For Restaurants?
Commission rates are important for restaurants because they can significantly impact their profitability and overall business performance. By negotiating favorable commission rates with third-party delivery or ordering platforms, restaurants can reduce their costs and improve their profitability. Additionally, understanding commission rates and their impact on pricing can help restaurants to develop effective pricing strategies for their products and services.