How does ResX make money?

The site mentions a $1.99 fee charged after someone claims a reservation, which suggests ResX takes a small cut each time a spot changes hands. ResX Premium subscription: Users can pay to upgrade to Premium for perks like early access to reservations, more bookings per week, and priority access.

Is ResX a public company?

We found no SEC annual report for ResX, so it appears to be a private company.

What does ResX do? How it makes money, with receipts

In one line

“They’re basically a swap meet for restaurant reservations you can't use anymore.”

ResX is an app where people post restaurant reservations they can't keep, so someone else can grab the spot instead of it going to waste. It's like a lost-and-found for dinner tables at hot restaurants like Carbone or Gymkhana. You can "share" a reservation you can't make, or "claim" one someone else gave up, often with almost no notice. The app also gives you tokens for using it, which you can trade for rewards, plus a paid Premium tier for faster access.

How they make money

Main waySmall fee when you claim a table

The site mentions a $1.99 fee charged after someone claims a reservation, which suggests ResX takes a small cut each time a spot changes hands.

Stated

Also makes money from

ResX Premium subscriptionUsers can pay to upgrade to Premium for perks like early access to reservations, more bookings per week, and priority access.Stated

What it looks like

If you downloaded ResX tonight:

Download the app and browse
You get the app from the App Store or by scanning a QR code, then look at reservations people are giving up at restaurants in your city.
Stated
Claim one or share your own
If you can't make your own reservation, you post it for someone else to grab; if you want a table, you claim one that's open, sometimes last minute, and pay a small fee.
Stated
Earn tokens, eat well
Every booking earns you tokens you can redeem for rewards, and if you pay for Premium you get earlier access and more bookings per week.
Stated

The fluff, decoded

4/10

They say

“Good things happen last minute”

It means

Their slogan about grabbing deals that pop up suddenly.

Every quote is checked against their homepage. If it isn't really there, it gets dropped.

Follow the incentives

Best guess

Who pays

People who claim a reservation pay a small fee, and some users pay for a Premium subscription for extra perks.

Who uses it

Diners in cities like New York and London who want hard-to-get restaurant tables, or need to give up a reservation last minute.

So they want

They want lots of reservations constantly being shared and claimed, so they profit from frequent small fees and subscriptions, not from a handful of big transactions.

Competes withResyOpenTableTockAppointment Trader