Credit Card Processing Solutions For Restaurants
If you are a restaurant owner, whether you own a large national chain, a small independent caf or anything in between you need to accept credit cards if you want to maximize your sales and profits. Setting up a merchant account and accepting credit cards is a pretty simple process and once everything is in place you can watch your profits soar. Here is a look at what you need to know if you are a restaurant owner.
How Restaurants Benefit Form Credit Card Processing
There are numerous ways that restaurants can benefit from credit card processing including:
An increase in sales. Customers are likely to order more when they have the option to pay with plastic.
An increase in customers. You could be turning potential customers away when you do not accept credit cards. More and more people today are not carrying cash and if they don't have cash with them they will have to go elsewhere.
An easier and faster checkout process. When you accept cards you are able to check your customers out faster and easier.
Eliminates bounced checks. When you accept credit and debit cards you really eliminate the need to accept checks as a form of payment from your customers and as a result you do not need to worry about bounced checks.
Choosing A Credit Card Processing Merchant Account
If you are ready to accept cards for your restaurant business you will need to select a credit card processing company and open a merchant account. You will want to take your time and carefully choose a company that is going to meet all of your credit card processing needs. Here is a check list to help guide you in the selection process.
Make sure you choose an account that is compatible to the restaurant industry. For example you will need to select a merchant account that is capable of adding on tips.
Take the time to price compare. You will want to carefully compare prices. Many companies will charge start up fees, monthly fees, a fee per transaction and more. Additionally many accounts come with monthly minimums and early termination fees. Make sure you know all the fees you will be charged.
Choose a company that meets or exceeds the industry standard for fraud protection.
Find out what the processing time is. In other words how long will it take from the time you swipe a customer's card until you actually receive your cut of the funds.
Find out what type of processing equipment is compatible with your account and if you plan to lease equipment find out the cost.
Make sure the company you choose is reputable. You can read reviews on line and check with other restaurant owners.
Finally, if you sell gift cards for your business you will want to make sure that the processing program will be compatible to accept them.
How Restaurants Benefit Form Credit Card Processing
There are numerous ways that restaurants can benefit from credit card processing including:
An increase in sales. Customers are likely to order more when they have the option to pay with plastic.
An increase in customers. You could be turning potential customers away when you do not accept credit cards. More and more people today are not carrying cash and if they don't have cash with them they will have to go elsewhere.
An easier and faster checkout process. When you accept cards you are able to check your customers out faster and easier.
Eliminates bounced checks. When you accept credit and debit cards you really eliminate the need to accept checks as a form of payment from your customers and as a result you do not need to worry about bounced checks.
Choosing A Credit Card Processing Merchant Account
If you are ready to accept cards for your restaurant business you will need to select a credit card processing company and open a merchant account. You will want to take your time and carefully choose a company that is going to meet all of your credit card processing needs. Here is a check list to help guide you in the selection process.
Make sure you choose an account that is compatible to the restaurant industry. For example you will need to select a merchant account that is capable of adding on tips.
Take the time to price compare. You will want to carefully compare prices. Many companies will charge start up fees, monthly fees, a fee per transaction and more. Additionally many accounts come with monthly minimums and early termination fees. Make sure you know all the fees you will be charged.
Choose a company that meets or exceeds the industry standard for fraud protection.
Find out what the processing time is. In other words how long will it take from the time you swipe a customer's card until you actually receive your cut of the funds.
Find out what type of processing equipment is compatible with your account and if you plan to lease equipment find out the cost.
Make sure the company you choose is reputable. You can read reviews on line and check with other restaurant owners.
Finally, if you sell gift cards for your business you will want to make sure that the processing program will be compatible to accept them.
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Want to find out more about credit card processing for restaurants, then visit our site on how to choose the best merchant services for your needs.
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