How does Wolt work?
Published by Robert Ardis,
Wolt is a Finland based startup company that works as a network of restaurants, retailers, and couriers online. It is a food-delivery platform that was founded in 2014 by Slush Miki Kuusi.
In 2020 (Five years after the launch), Wolt has expanded itself to 23 countries and more than 100 cities. A company that started with just 10 partner restaurants has now partnered with 27000 restaurants and retailers. Sounds impressive, right? So, let’s explore its business model to understand the tips and tricks that Wolt followed to become the company that it is today. Down below are a few insights for the readers craving to know "How does Wolt work" and "How does Wolt make money".
How does Wolt make money?
The company offers a Wolt courier partnership job opportunity which is its main source of making a profit. According to the information given by the company itself, below are the types of earning that a Wolt’s courier partner can make after partnering with Wolt courier:
- Task/Base Fee
It is the fee or earnings that the Courier partner receives on completing delivery tasks while including the Straight Line delivery system from the restaurant to the delivery address.
- Distance Fee
It is the earning that Courier partners receive if the straight line delivery distance is coming up more than the one already included in the above-mentioned Task/ Base fee.
- Straightline delivery system
Wolt calculated the courier partners’ fees based on a straight line delivery system in which distance is calculated from the Restaurant to the Delivery address in a straight line and not according to the road distance.
- Available Guarantee payment
This is the payment guarantee scheme provided to all Courier partners for their availability during scheduled hours that they have pre-booked. The fees are then calculated based on Scheduled hours.
If you’re willing to start your own food delivery platform – you should go with Wolt Clone, which has customized features to let you roll with your own delivery business.