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Transactionexpert.com is the leader in transaction services. If you’re the owner of a fine dining restaurant, here are some tips to make sure you have the right credit card processor:
1. Make sure you have an updated point of sales solution.
Yours should have table management which is a map of table and seats. You especially need table side ordering. Transaction Expert has no charge for your hardware, including tablets, registers, receipt printer and kitchen printers. We just have a small set-up fee and monthly software fee according to the services you order. Thus, you have no worry about owning outdated equipment.
2. Make sure you are not being overcharged for merchant services.
This is the area where some credit card processors make extra money. By looking at your credit card processing statement you should see the total fee charge at the top or bottom (ALL fees, not just the amount debited from your bank account.) If all fees are not listed, your processor may be charging daily and monthly fees. Ask them. Find the percentage or “effective rate” by dividing the total fee amount by the total amount of credit card transactions. For example: if your transactions total $30,000, and your fees total $900, then your “effective rate” is 3%. If your effective rate is 3% or higher, you may be paying too much. Go to transactionexpert.com to arrange a free cost analysis. We usually have an expert nearby who can actually come to your establishment to help you.
3. Notice your cost structure on the credit card processing statement.
Be sure you are on interchange plus or cost plus pricing rather than tier (flat rate) pricing. You may save several hundred dollars by being on the correct cost structure.
Transaction Expert is a transaction SERVICES company which means we encompass the entire transaction. What that means to your establishment is:
- We create a great online experience to help people find your business. Custom web design at no cost other than monthly service and support fee.
- We integrate point of sales system with the web site so customers can see the menu and order online.
- We install point of sales system for customers’ smooth experience at the restaurant.
- Marketing online. Loyalty programs. Gift card programs.
Visit transactionexpert.com, click on “find a local transaction expert,” and enter your zip code. This will take you to the profile page of a local transaction expert who can help you get the solution system you need to better serve your customers and make more money.
I hope you enjoyed this short tips!
You could be saving money on your credit card processing! Find out now with our FREE Cost Analysis. Click below:
