3 Tips for Choosing a Restaurant Payment Provider

September 12, 2018

There are a million and one things to take care of in a day when managing a restaurant, from cleaning tables to organizing reservations, and your patrons rely on you to make sure those things are taken care of. When it comes to your payment system however, you should feel confident in knowing that troubleshooting your solution won’t be one of the things making it on your to do list.

Whether you’re opening a new restaurant or upgrading the payment system you already have, consider the following tips when choosing a payment provider!

Look for a Payment Provider with Beneficial Partnerships 

It can benefit your business to work with a payment provider that has partnerships with other industry solutions, like restaurant point-of-sale systems like TouchBistro. Having a payment system that is compatible with other POS systems and other office management tools can take the pain out of the integration process, making reporting, closing checklists and bookkeeping easier. Partnerships like this ensure that the software bundle that keeps your business moving works seamlessly, and allowing you and your staff to focus on other important tasks.

Find a Payment Provider that Allows You Growing Room

The needs of businesses can change in an instant, as well as the demands your customers place on you. This means that when looking for a payment provider, it’s important to consider a company that can support your growing business with more robust solutions. This could mean something simple like having the option to easily connect additional terminals, or something more advanced like adding different payment systems all together, like an online ordering system.

Having a payment provider that is able to grow with your restaurant will help ensure that you don’t miss out on new business opportunities.

Choose a Processor that Accepts a Variety of Payment Methods

More Canadians are choosing to go cashless, and the payment choices available keep growing. This means that when you’re looking for a payment provider, it’s important to choose a company that processes a variety of payment types, including debit and credit providers.

There are some signs that a payments company is committed to staying ahead, including:

  • A growing  product lineup that offers you terminals for your unique needs 
  • Solutions that work in-store, online and on the go
  • Terminals that accept digital wallets, contactless, tap, and chip-and-PIN payment methods.

Choosing a restaurant payment provider is an important business decision that can impact your operations today and in the long term. If you’re interested in learning more about restaurant payments, make sure to take a look at our articles, How an Ineffective Payments System Can Slow Restaurants Down and 4 Value-Added Services to Help Restaurant Efficiency.

The information in this article is provided solely for informational purposes and is not intended to be legal, business or other professional advice or an endorsement of any of the websites or services listed. 

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