This guide will be your handbook to understanding the credit card processing industry inside and out, including different types of pricing, fees, and rates.
How Does Credit Card Processing Work In Your Restaurant?
According to a TSYS Consumer Payments study, 74% of consumers prefer to use either credit or debit cards at dine-in restaurants.
As a result, 92% of full-service restaurants now take cards, according to Euromonitor data provided to The Huffington Post by Visa. Restaurants are becoming “cashless.” But the move towards plastic comes with a catch.
Many restaurant owners have to deal with the sometimes shady credit card processing industry, which preys on restaurant owners because of their restricted knowledge of how credit card processing really works in their restaurant. Not anymore.