Chase, Tock Join Forces To Help Recovering Restaurants

Chase is partnering with the hospitality industry service platform Tock in an effort aimed at helping Chase restaurant and hospitality customers recover from the pandemic, per a press release on Wednesday (July 14).

Now through Dec. 31, small business owners running restaurants, wineries, events and pop-up shops will get up to $1,200 to put toward subscription fees when they sign up for one year with Tock and link to their Chase business checking account.

Launched in 2014, Tock is designed to help with online reservations, table management, takeout orders and events. The company works with a large network of customers, everything from neighborhood pizza joints to Michelin-starred restaurants.

Tock says it has processed more than $1 billion in prepaid experiences and helped make millions of reservations. The company was acquired by Squarespace earlier this year.

According to the companies, Chase small business owners get access to these services, as well as the Tock to Go takeout and delivery program, which allows restaurants to schedule takeout orders on their own instead of going through delivery services.

Chase business banking customers who enroll in the Tock Plus plan using their business checking account will get a free one-month subscription, as well as $1,000 to put toward future fees. Customers who are already on Tock and have their Chase account linked will get $1,200 toward subscription fees.

Restaurants and hospitality providers were among the businesses hit hardest by the COVID-19 pandemic. With more and more small businesses reopening, Chase and Tock say their offer will help “remove barriers, including access to service tools” while helping businesses grow.

“In many ways, reopening is more difficult than the initial shock of the pandemic,” said Nick Kokonas, CEO of Tock. “Service industry businesses cannot just flip a switch to scale operations. Tock and Chase want to help by not only making operations more efficient, but also by backing that up with cash.”