OpenTable launches private beta for dining payments service in San Francisco

By VCPOST Staff Reporter

Feb 07, 2014 02:25 PM EST

After giving a preview of the service last September, OpenTable announced new details about the pilot program of its new dining payments service, according to VentureBeat.

General manager Kashyap Deorah says the dining payments service is presently available in only 11 restaurants in San Francisco. However, the company will be adding new restaurants in the next couple of weeks. Soon, the users of the app will be able to request access to the beta service. Unfortunately, the public launch of the feature is still far away, the report explained.

For now, the private beta is only available on iPhone, the report detailed.

According to OpenTable, it presently works with around 30,000 dining institutions and 530 million users for its restaurant reservation tool. Adding a payments feature simply provides a new source of revenue for the startup. This move is indeed necessary to compete with similar startups that are already ahead of the game such as Cover, LevelUp, TabbedOut, Dwolla, and Square, VentureBeat reported.

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