Payments Blog

The Automated Clearing House (ACH) offers many financial benefits over other payment options. Its primary advantage is a low transaction rate. But, finding ways to make it free is possible, and even better. This article discusses how to send and receive payments via ACH at no cost to you....

ACH offers a wealth of benefits for small business owners, and has become an increasingly popular payables automation solution for efficiently and cost effectively moving funds. This article explains why you should include ACH as an additional payment method in your offerings. It also details a step...

To cut costs, many restaurant owners have used the internet to boost their in-house and delivery sales, and consequently their revenue stream....

A POS system integrates those sales into marketing data and analytics so an entrepreneur can see what their customers think about your business....

The Restaurant manager, owners, kitchen staff, and other employees all share the duty of the restaurant operations and providing excellent customer service....

The average cost of goods sold in the restaurant industry varies, but it sits around 30% to 35%...

For the year 2018, the bar and nightclub industry in the United States has increased to $28 billion in revenue with steady growth since 2013....

The food industry abides by a cost-to-menu price standard, which is 28% to 32%. This means that for any given menu item the restaurant should charge at least double....

To maintain profitability, restaurants need to find ways to cut costs without forgetting about quality food and customer experience/service. ...

The information in this blog post will give you a clearer idea of what your budget should look like and help you make decisions about how to spend your money wisely. ...

Customer choice when it comes to menu offerings and choosing a restaurant for dining out or ordering takeout is abundant in the restaurant industry, which is highly competitive....

This article will break down everything you need to know to calculate your own bar and grill restaurant's average profit margin. ...

You might not know it, but there is a formula that can help you figure out the average amount of revenue per square foot....

In this post, we will explore what an ideal restaurant food margin is and how to calculate it so that you can have an easier time managing your business and know exactly where you stand financially.  ...

One of the most important decisions a small business owner must make is how they are going to accept payments...

A merchant account processes payments for goods or services sold to customers whereas a payment gateway simply transmits data about transactions from your business's website to your bank or credit card company....

ACH chargebacks and disputes can be a major headache for small and medium-sized business owners. This blog post will teach you all about ACH chargebacks and how they work. ...

Every business needs a quick way to send and receive money. Paper checks have been replaced by instant digital payments otherwise known as ACH transfers....

ACH payments are processed in batches and typically take 1-3 business days to process. Same-day ACH payments do not provide instant or same-day funds. ...

If you do encounter any fraud or ACH errors, then you are protected under federal law. However, the only catch is that you need to report any problems within sixty days. ...

When you are processing an ACH transaction, you are sending or receiving electronic payment data across the ACH Network. When one of these transfers occurs, it is known as an ACH Credit or Debit....

There are numerous benefits of using an ACH payment system. In this article, we discuss any of the benefits of ACH payment methods for business bill payments. But, first, what does the ACH payment option entail? ...

The industry standard for pizza businesses is a 15% profit margin. With 1 million in annual sales, you can expect to earn $150K from pre-tax profits! ...

As the restaurant industry continues to surge, more entrepreneurs are entering the field. But it is not all good news for those looking into starting a restaurant business as 90% of new owners fails in their first year, regardless of the type of restaurant!...

The restaurant industry is a lucrative business for those who are determined and creative. It is also not an easy one--regardless of the restaurant size and business model--with plenty of competition to contend with while trying to stay on top in terms of the quality food it serves and its prices...

Gross profit is the amount of money that was earned in total before any expenses. The average gross profits for restaurants are about 70%. This means, when a guest spends $100 at your restaurant, you will make around $70 from it! ...

Over the last five years, the Barbecue Restaurants industry has experienced an increase in demand. Barbecue menu items, such as pulled pork, brisket, and ribs, have been trending in restaurants. As a result, industry revenue for barbecue food options has increased at an annualized rate of 2.0% to...

One of the biggest benefits of Automated Clearing House payments (ACH payments) for small business owners is cost. ...

Maintaining strong sales in the restaurant industry is an ongoing challenge due to overhead costs like rent, food, and restaurant staff. Unfortunately, COVID has also negatively impacted restaurant revenue, making the hard work of maintaining healthy restaurant sales and optimal restaurant profit ma...

When starting out in the restaurant business, there are many methods and procedures that improve your chances for success, and one of the most powerful is a Profit and Loss Statement (P & L Statement)...