People like to use their credit and debit cards when they dine in a restaurant. Research shows that 75% of consumers use their debit or charge card when dining out at a restaurant.
Credit and debit cards are an important settlement technique for customers. This is why if you’re still operating on a “cash only” basis, you’re leaving a lot of money on the table.
Yes, approving credit cards come with fees. But in today’s service environment, the price of not staying on top of customers far exceed the charges you might be paying. Besides, if you pick the ideal merchant company, you can lessen your bank card processing price as well as maintain a healthy and balanced amount of earnings for your dining establishment.
Finding a processor for your dining establishment is by no means a simple task. There are many to pick from, prices differ and also service terms are commonly hard to decipher. If you currently own a point-of-sale (POS) system as well as aren’t seeking to update it, you’ll want a processor that can collaborate with your present system.
Unfortunately, there isn’t one easy solution to the inquiry, “How much do restaurants pay in credit card fees?” Your typical sale size as well as average month-to-month volume pay a big role in the answer, as well as the sort of dining establishment you run in turn, plays a big part in those numbers. Even so, a large eating establishment will have greater average checks than a quick informal sandwich shop.
Safeguard your service with PCI-compliant restaurant credit card processing options that decrease the threat of scams. You can trust our top-level industry experience and also know-how to provide risk-free, efficient bank card handling solutions that shield your dining establishment. Do not let exposed information damage your company– trust in us and keep your data safe.
We can not emphasize this part enough.
Since no industry is unsusceptible to payment fraud, every service that captures, processes or stores credit card information ought to take PCI compliance seriously. Restaurants are particularly susceptible due to their double-risk exposure. Along with patrons who make use of stolen credit cards, you should also deal with inner employees that duplicate unattended cards.