With ACH, you will save more money per transaction than a credit card, debit card, or wire transfer transaction, putting more money in your pocket. ...
Back in May, I wrote an article explaining what cash discounting programs were. But since then, there have been significant questions about surcharging customers and convenience fees. Largely the curiosity lies in if they are the same thing as cash discounting programs or something else entirely. To...
Many inexperienced chefs--including the intending food truck entrepreneur-- and food truck operators think opening a retail location and having a say in food costs will be easier than starting a food truck business....
As a business owner, you know that offering a range of payment methods increases your chances of a sale, but one payment method worth adding also saves you money and time. It's called ACH. ...
When you read about ACH, you will often hear about ACH debit, but what is it exactly? In this article, we discuss what ACH is, clarify what ACH debit payments are, and discuss the advantages and disadvantages of this payment method. ...
When opening a bar, your mind thinks of the drinks you will serve, your bar design, the atmosphere, and your marketing strategies, but one element that should stay top of mind is profit....
One of your chief goals as a business owner is strong business growth, and that requires healthy sales and profits. Both help you improve your products and services and boost your marketing efforts so you stay ahead of your competition. You also gain the welcome benefit of more money to your persona...
To make the most of restaurants or catering businesses, you'll need to answer some vital questions and know how much volume the business can generate in sales as monthly revenue, and at any given time....
Sometimes in the industry, we forget that most people do not understand its jargon. One prime example of this is the concept of integrated vs non-integrated credit card processing. To clear the air, I wanted to write a quick piece explaining the differences for businesses....
Each year, more and more businesses take advantage of ACH transactions for faster payments and lower-cost transactions. If you have looked into ACH for your business, you may have read the terms ACH credits and ACH debits. They may sound like similar concepts, but in reality, each has a different me...
Financially, restaurants are one of the most challenging business categories. 60% of restaurants close or change ownership in the first three years, and one of the biggest reasons is insufficient profits. A restaurant is typically a single-digit margin business. Knowing how to maximize profits is th...
As a small business owner, you know there is nothing quite like the feeling of a successful sale. Thoughts quickly go through your mind of how you will apply the funds. Perhaps they will go to your overhead, to your business growth, or your own pocket - or perhaps all three. ...
Success comes from healthy profit, but maintaining an ideal margin is tricky. Restaurant owners have a long list of costs, and one of their biggest challenges is maintaining a clear understanding of all costs to achieve ideal profit margins....
You have done your homework and made careful decisions. Location? Check! Atmosphere? Check! Staff? Check! Delicious menu? Check! Yet even after all this hard work, your restaurant still isn't seeing the sales you hoped. Why is that?...
As a non-profit organization, your success lies in receiving donations. There are many types of fundraising options, such as direct donations, payments for special events, membership fees, and payments for merchandise. Having the right software at your fundraising events with the capability to handl...
By 2021, most people have heard of cash discounting programs. It’s popping up everywhere from gas stations, restaurants, even to retail stores. With well over a decade in the payment processing industry, I’ve had countless merchants ask about it and wondered if it was the right option for their ...
By 2021, most people have heard of cash discounting programs. It’s popping up everywhere from gas stations, restaurants, even to retail stores. With well over a decade in the payment processing industry, I’ve had countless merchants ask about it and wondered if it was the right option for their ...
For any business looking to simplify their collections process and reduce the amount of time they spend waiting for customers to pay, they need to set up recurring billing. To save even more money, using ACH payments over credit cards can bring the best value to your business both from an operations...
As a business owner, you can offer a wide range of payment options to increase sales and improve back-end accounting. One of the best ways to improve your margins is cutting costs where you can. To do this, most businesses look for an alternative to credit card payments, as they cost more than other...
When most people think of POS, they think of placing customer orders and swiping a card. But the truth is POS systems also provide other benefits that keep your business organized and efficient. All of these features are meant to boost your profits, and one of the main ways a business can do that is...
For a thrifty business owner, using the best available payment methods to improve your bottom line is key to reaching your business goals; ACH payments is one such method. While not a great option for retail or hospitality, ACH payments work for any service business types of varying sizes. Not only ...
In this article, we'll cover the common type of electronic payments method, from EFT, ACH, and wire transfers, as well as discuss which one is the best fit for your business....
Running a small business requires a tight eye on profits. More than likely, you will face scenarios in which you incur higher transaction fees you didn't expect and could have avoided in the first place. Knowing how to navigate processing fees is a key part of your success. Whether you run a single ...
If you are a business owner and planning to invest in POS equipment, there are options you need to consider, the biggest is whether you should buy or lease. Read more to find the pros and cons of both options for your business....
A simple customer loyalty program improves customer retention, boosts sales and profits, and expands your reach to create a larger and more devoted following for enduring and consistent growth. In this article, we will look at customer loyalty programs and learn how they can help your business....
Finding a merchant service provider for your restaurant is key to your success. Learn all the pros and cons about choosing a payment provider for your business....
Here are tips to improve your restaurant service and overall performance. You will learn how to improve your restaurant operations in ways that lead to healthier profits and growth....
You may have seen or heard about contactless payment systems and wondered if they would help business. Yes, they can, and if there is ever a time to buy a payment terminal that accepts contactless payments, it's now. Thanks to COVID-19, the US contactless payment market has boomed, and the number of...
