Payments Blog

Can You Make ACH Payments for Free?
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....
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7 Steps to Set Up ACH Payments for Your Business
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...
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How To Increase Your Restaurant's Food Delivery Sales
To cut costs, many restaurant owners have used the internet to boost their in-house and delivery sales, and consequently their revenue stream....
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POS System Vs Cash Register: What's The Difference?
A POS system integrates those sales into marketing data and analytics so an entrepreneur can see what their customers think about your business....
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How To Improve Restaurant Service and Win Back Customers
The Restaurant manager, owners, kitchen staff, and other employees all share the duty of the restaurant operations and providing excellent customer service....
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CoGS: Cost of Goods Sold Restaurant Industry Average
The average cost of goods sold in the restaurant industry varies, but it sits around 30% to 35%...
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Average Bar Revenue Per Square Foot
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....
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Guide To Average Markup Of Food Costs For Restaurants
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....
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What Is The Average Profit Margin For A Sandwich Shop? How Much Do They Earn?
To maintain profitability, restaurants need to find ways to cut costs without forgetting about quality food and customer experience/service. ...
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Typical Restaurant Overhead Costs and Expenses
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. ...
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14 Tips to Increase Food Sales 
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....
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Average Profit Margin for A Bar and Grill Restaurant
This article will break down everything you need to know to calculate your own bar and grill restaurant's average profit margin. ...
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Restaurant revenue per square foot; what are your sales?
You might not know it, but there is a formula that can help you figure out the average amount of revenue per square foot....
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A Guide to a Restaurant's Ideal Profit Margin for Food
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.  ...
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ACH vs Credit Card
One of the most important decisions a small business owner must make is how they are going to accept payments...
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Merchant Account vs Payment Gateway
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....
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ACH Chargebacks
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. ...
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What Information Is Needed to Receive an ACH Payment?
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....
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Accept ACH Payments and Transfers Instantly
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. ...
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Are ACH Payments or Transfers Safe?
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. ...
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What Is an ACH Credit Payment?
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....
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Benefits of ACH Payments for Businesses
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? ...
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How To Increase Your Pizza Profit Margin 
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! ...
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What Restaurants Make the Most Money?
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!...
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Our Guide to Average Gross Profit for Restaurants 
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...
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Kitchen Gross Profit Margin and Food Cost 
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! ...
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BBQ Restaurant Profit Margin: Are They Profitable?
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...
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ACH Payment Fees: How Much Does ACH Cost?
One of the biggest benefits of Automated Clearing House payments (ACH payments) for small business owners is cost. ...
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11 Tips To Increase Restaurant Sales
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...
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How To Calculate a P&L Statement For Your Restaurant
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)...
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