Restaurant owners and managers are always looking for efficient ways to cut costs without risking revenue. In some extreme cases, some may even downsize their staff just to stay afloat. By implementing a solid payment solution – such as mobile credit card processing services – you may be able to prevent your restaurant from reaching that extreme.
Why You Should Cater to Credit Cards
In the past, a vast number of restaurant owners were more concerned about keeping the cash register filled to process cash transactions and give customers change accordingly. Nowadays, the dynamic has changed because more customers enjoy the concept of paying with a debit or credit card instead of cash.
One survey conducted in 2014 showed that 80% of consumers paid for typical transactions with either debit or credit cards, per CreditCards.com. With the advancements in technology that have been made over the years, investing in a mobile payment option allows you to take advantage of convenient mobility while catering to your customers’ needs.
Timing is Everything
Think about all the time that is wasted closing out transactions with your standard credit card procedure. Receipts are hand delivered, customers then pass their payment method to the server and the transaction is processed at one of several terminals located in a set location. Implementing mobile credit card payments in your restaurant will allow your customers to pay right away while at the tables either through a server’s designated mobile device or a mobile terminal that does not necessarily need a posted location within the restaurant.
Mobile payment usage for quick service drinks and food is at 45 percent in North America, per Statista. It is only a matter of time before that blossoming trend starts to emerge in other parts of the world. It would be in your best interest to prepare for it now by investing in mobile credit card processing services for your restaurant.
