Restaurant owners, have you ever found yourself in the following situation? You’re at the end of a long day, and it’s time to close up shop. Your employees are tired and eager to get home, but there are still a few customers waiting and no cash in the register. What do you do? Well, if you’re like most restaurant owners, you’ll probably give them a credit card and hope for the best. Restaurant owners know that people who pay with credit cards tend to tip more than those who pay with cash—but what about accepting payment online? Can your restaurant accept online orders without sacrificing quality or customer service? In this article, we’ll explore all these topics so that by the end, you’ll be ready to accept payment however your customers want!
Point Of Sale (POS) Systems
A point of sale (POS) system is software that allows you to accept credit card payments. The software integrates with the hardware in your restaurant, such as cash registers and credit card machines. It allows customers to pay for their food and drink using their debit or credit cards anytime during the meal. Once an order has been placed and paid for, it will be sent through the POS system to your kitchen staff, who can then prepare the food or drink according to your customer’s specifications.
Integrated Credit Card Processing
Integrated credit card processing is a convenient and secure option for your business. With integrated credit card processing, you can accept payments through a POS system or through an app on your phone.
Payments are processed using either an electronic terminal or via an app connected to a server that processes these transactions remotely once they have been made by customers in person. The benefit of integrating with one company that handles payment authorization and settlement is that this third party will cover all chargeback fees – instead of passing those costs along to consumers via extra charges on their cards while they eat out!
An Online Ordering System
An online ordering system is a must-have for any restaurant that wants to take advantage of the convenience and efficiency of online ordering. This is not only because it allows customers to place their orders from anywhere but also because it can be integrated with your POS system for seamless payment processing.
Many restaurants use this type of platform in conjunction with social media marketing campaigns (such as Facebook ads) to drive additional traffic to their website or mobile app, which then leads back into the physical store when those customers want to pick up their food.
Mobile Payment Processing
Mobile payment processing is a great way to increase your sales. It’s easy to use and convenient for customers, so you’ll especially want it if you’re trying to attract new customers who don’t have credit cards or cash (for example, younger people). In addition, mobile payments are often offered at a discount compared with regular credit card transactions, so they may help you attract more business without having to raise prices on your menu items.
If you do decide that mobile payments are right for your restaurant, it’s important that all staff members understand how the system works so they can answer customer questions confidently and effectively.
A Merchant Account
A merchant account is an account that allows you to accept debit and credit card payments, as well as contactless payments (such as Apple Pay). A merchant account is made up of two parts: the merchant service provider, or MSP (which provides you with the technology to accept payments), and your acquiring bank or account provider (who gives your business the funds from each transaction).