Is Your Restaurant Paying Too Much in Transaction Fees? Eight Questions to Ask Yourself

Settling on a payment solution for your restaurant is an unavoidable decision, yet it’s one that business owners often rush through without realizing that small contractual details can result in thousands of dollars lost or saved in the long run. With so many payment providers on the market, businesses should carefully weigh their options and make sure they have all of their questions answered before they make a final decision.For example, some merchant service providers take advantage of business owners with hidden fees, cancellation charges, transaction requirements, and other questionable practices: all things you want to avoid. These are the essential questions you should be asking yourself to make sure that your merchant service provider has your best interests in mind.

Which type of transaction processing is the best option for my restaurant?When accepting payments in restaurants, there are a few major ways your transaction fees are calculated: namely, flat-rate pricing…