What are merchant accounts?
  • Home
  • Credit Card Merchant Blog
  • Merchant Services Account Resources

Choosing a Restaurant Merchant Account

1/20/2014

0 Comments

 
Picture
According to modern statistics, people in the United States spend an average of $181 a month on restaurant meals, making it easy to see why opening a restaurant is such a popular entrepreneurial dream.

Many new restaurant owners make the mistake of thinking they have to choose a credit card processor they've never heard of to process transactions; the sort of company they imagine established restaurants and other larger business models already use. However, new entrepreneurs can and should turn to a familiar bank when possible as long as it offers the type of merchant services that can handle a restaurant's unique needs. In fact, most established restaurants and larger business models already work with the same banks you are familiar with on a personal and consumer level.

A restaurant merchant account should offer a few simple things to make it easier for you to:

  • Get paid
  • Get through the business day with fewer headaches
  • File taxes, and
  • Pay employees



What to Look for in a
Restaurant Merchant Account

1. Software with a Simple Learning Curve

Right out of the box, any software that accompanies your merchant account should be easy to use, yet offer you fluid and modern functionality.

2. Software with a Digital Mind for the Restaurant Business

Because you have to spend enough time keeping staff members on their toes and your customers happy, a good merchant processor's software package should easily keep up with the fast pace of your food business without much input from you. The software should also be able to handle new information, menu changes and course of business changes with ease like:

  • Sales
  • Daily plate specials
  • Expanding menus
  • Seasonal items
The restaurant merchant account software should also handle administrative tasks for you, putting out easy-to-read, correct printouts for your records. In the food business, inventory is especially important because of seasonal price fluctuations and food spoilage. Your software should help you keep track of items that you need reorder and the items you already have in stock.

3. Modern Expectations Met

The merchant processor you choose should also accept every credit card out there. Though this is easier now than ever before, (since most cards have one of a few major logos), it is still important to make sure for yourself that the company you choose accepts everyone.

Customer service is also incredibly important. So many merchant account processors outsource their customer service to other countries and to people who are not qualified to handle your important business concerns in a timely, professional manner. When it comes to your business and livelihood, you should know that you are going to receive excellent customer service every time you contact your service provider via chat, phone, social media or email.


0 Comments



Leave a Reply.

    Just your everyday credit card merchant!

    Corporate America employee turned small business owner helping others who want to follow in my footsteps.

    Archives

    May 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013

    Categories

    All
    Create A Merchant Account
    Credit Card Merchant
    Credit Card Processing
    Ecommerce
    Merchant Processing
    Restaurant Credit Card Processing
    Restaurant Merchant Account
    Restaurant Tablet Pos Systems
    Small Business Credit Card Acceptance
    Small Business Credit Cards

    RSS Feed


Powered by Create your own unique website with customizable templates.