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The MORE you know about optimizing your third party operations. Need help? Have questions? Happy to chat! 😉 #communication #thirdparty #optimization #revenue

Attention restaurant owners! WalletPay is your secret ingredient for success! Connect with more hungry customers, save on transaction costs, and watch your business grow. Get started today and revolutionize your restaurant's payment experience! #WalletPay #RestaurantGrowth #DigitalPayments

What we do is not easy to summarise Why not? I hear you ask... Well, if you run a restaurant then you know that the tech stack of payment systems can be endless. Sunday's mission is to simplify that ecosystem and have everything you need in one place 360 degree solution for your customer's payment journey 🌎 We've just launched a fresh and beautiful new website to walk you through it all... Go have a look and let me know what you think 😊 👏 #website #restauranttech

Is Toast a Payment service provider or a platform? It depends on who you ask. If they are a PSP then they could be regulated. If they're a platform then No regulation. Toast is moving beyond Restaurants according to Payments Dive What does toast do? "Toast, which provides point of sale and cloud-based payments services mainly at restaurants, aims to make further inroads with merchants outside of the restaurant industry, the company’s CEO said during a Tuesday earnings call." This could be bad news for Aussie consumers. Let me explain. Here in Oz, merchants can surcharge and "recoup the cost of acceptance" which was assumed to go down. The opposite has happened. Those surcharges now cost Aussies over $1BN a year and it impacts small business the most. Merchants can legitimately recoup the lot from the customer. Toast deals with the payments in the background and gets a significant clip. Platforms like Toast, Square and light speed charge their platform fee within their merchant fee which can be surcharge to the consumer. Overall, small Business pays $1.7Bn more than Big business for the same transactions thanks to sweetheart deals with Visa and Mastercard From Payments Dive "He sees the biggest growth potential in the retail sector, he said. Toast plans to invest in adding even more non-restaurants in the coming years. “The team has done a great job of identifying segments of the market where we have a right to win without distracting from our ability to scale in our core market segments,” Toast reported net income of $14 million for the second quarter of 2024, compared with a loss of $98 million for the year-earlier period. Second-quarter revenue rose to $1.24 billion, up 27% from the year-ago quarter. #payments Independent Payments Forum

In Australia and New Zealand, payments in bars and restaurants have probably already exceeded cash payments and the region is ahead of many other countries. But many operators are locked into using payment vendors dictated to by their choice of solution and are paying over the market rates for payment processing. Read the expert tips on how to avoid this trap! #HighReturnHospitality #WellRunWellLoved #HospitalityTechnology #ReturnOnExperience

🚀🍽️ Calling all restaurant owners! Are you looking to streamline your payment processes and boost your business? Check out our latest blog post: "How Restaurants Can Benefit from Advanced Payment Services" exclusively on Motto Merchant Services! 💳✨ Discover how innovative payment solutions can: ✅ Speed up transactions ✅ Enhance customer experience ✅ Improve cash flow management ✅ Provide valuable insights https://lnkd.in/ecks-h5v Don't miss out on these game-changing tips and tricks! Read the full article now and take your restaurant to the next level! 📈🍔 #RestaurantSuccess #PaymentSolutions #MottoMerchantServices #BusinessGrowth #TechInFoodService #CustomerExperience

🤓Payment nerd level [3/5] Let’s go for the 2nd episode of: What I’ve learned, running the payment operations of my wife’s pastry business Petit Plaisir. Episode 2: #reconciliation. 🤔Personal views only: few brands are mentioned but it just reflects my own experience. 🍿On the previous episode I wrote about my “#paystack”, in all honesty an overly complex jargon for my choice of 2 payment providers for the studio’s instore and online operations. 🫣In the past, I’ve built value propositions for 2 different #PSP combining processing and settlement operations and therefore having “reconciliation” as a key differentiator … yet, I must admit I had never fully comprehended its complexity. 🤕Simply put, reconciliating payment operations feels like a punishment if you’ve been too creative on your use cases and acceptance of payment methods. For example, I had #invoices sent via Stripe paid via #Bankgiro, #Swish transactions straight hitting the bank account without being on any register, the bank charging extra fees for international transfers that I had to put on ledger. Even with the support of an accountant, this still takes me way too much time to cater for and eventually automatize. Once again, if it’s tough at the scale of a small business, I now understand how complex it can be for medium or larger businesses with numerous sales channels. 🔙This took me back to some pre-sales calls I have had with multiple online merchants. I could almost see opposed levels of ambitions when payments were a topic handled by e-commerce managers (new flows -> more sales) vs handled by the finance/accounting team (new flows -> more problems). 🎓Why so many merchants are on legacy payment solutions is not because they don’t care about #conversion and #UX, but very often because of the locked-in effect behind the scene. Years of financial process definition, tweaks and automations are a legacy hard to break free from… ⏭️See you soon for the next episode of the series, still on the financial side of payments!

📉 From Payment Problems to Prosperity: A Restaurant’s Journey with Us 🍽️ The hospitality industry is all about people – from guests enjoying their meals to the staff working tirelessly to create a memorable experience. But what happens when a clunky payment system disrupts that flow? 🤯 One of my clients, a vibrant family-owned restaurant, was experiencing this exact issue. Orders were coming in, customers were enjoying their time, but every time the bill arrived, they hit a bottleneck. Slow payments, confusing processes, and a lack of support were affecting both staff morale and customer experience. It was taking away the magic of what they had built. 😔 When I stepped in, it wasn’t just about installing a new card machine and walking away. I spent time understanding their specific needs, talking to the team, and finding out what would genuinely make a difference. I provided a payment solution that was simple, intuitive, and fit seamlessly into their operations. 💡 But it didn’t stop there. I made it my mission to stay in touch, ensuring everything continued to run smoothly, offering support whenever they needed, and being available to address any new challenges that arose. 🔄 Now, that same restaurant not only handles payments smoothly but has also reported an increase in staff satisfaction and customer loyalty. They know they can rely on me to have their back – and that’s the partnership I strive to create with every business I work with. 🙌 📍 If your hospitality business is feeling the strain of an inefficient payment system, reach out. I’m here to help take the pain out of payments and let you focus on what you do best: delivering great experiences! ✨ #HospitalitySupport #PaymentSolutions #CustomerFirst #BusinessGrowth

With digital payments predicted to surpass cash and cards by 2025, processor-agnostic approaches that ensure seamless integration with various payment processors while offering flexibility and operational ease are part of a sound strategy for restaurants to examine. Learn more below. #AgilysysServingMore #ReturnOnExperience

Did you know? The first multipurpose credit card was introduced in 1950 by Diners Club, allowing customers to pay for meals at multiple restaurants without cash. This innovation paved the way for modern credit card systems used worldwide today! 💳✨ #CreditCards #FinancialHistory #CPAInsights