You may not get excited about payment technology, but you’ll get excited about the revenue it can generate for your business. Restaurant owners have unique challenges that can be compensated for with the right payment technology. Here are some great software items that can transform your workflow and revenue cycles.
POS Systems: You might have heard of the glorious wonders that a Point-of-Sale (POS) software solution can provide. POS systems streamline inventory management, reducing the time it takes to check, manage, and re-stock ingredients, tools, and supplies. US retailers lose around $220 billion worth of revenue due to excess inventory. Having a POS system can minimize these losses.
POS systems also provide valuable sales data to help you adjust menu items, prices, and even manage discounts and specials. Most POS systems will also streamline employee management tasks in addition to providing cutting-edge data and sales processing. There’s nothing not to love about this payment processing solution.
Contactless Payments: Being able to pay using a smartphone or wearable devices is a pretty nifty and unique feature that will set your restaurant apart. Contactless payments are forecasted to increase 210% before the year is out. This could be a very lucrative addition, especially if you’re trying to attract more millennials and higher income patrons.
Payment Gateway/Mobile Payments: More and more people prefer to order or make reservations online. Having a secure payment gateway ensures safe transactions while providing a pleasant purchasing experience for the end user. 52 percent of Americans prefer to order online via smartphone or tablet. Implementing online ordering should be a top priority for your establishment. Having these features will bolster your revenue generation and secure longevity for your restaurant.
If you’re ready to open the floodgates of revenue for your restaurant, access the top payment solutions provided through TransNational Payments. TransNational as nearly two decades of expertise helping restaurant and café owners maximize their cost savings and revenue generation through top-notch payment technology.