Food and Beverage Guides & Resources
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Should You Open A Merchant Account With Your Bank?
A merchant account is designed to temporarily hold funds from credit and debit card transactions until they can be settled. When processing is complete, these funds will then be deposited into the merchant’s business bank account.
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What Is A Merchant Account?
Once a merchant account has been set up, business owners can start accepting payments when customers use their credit cards to pay for a product or service. But what sets merchant accounts apart from other credit card processing solutions and how, exactly, do you integrate them with your business? Let’s quickly cover what merchant accounts are, how they work, and why so many business owners use them to accept cashless payments.
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The Benefits Of A Cloud-Based POS
Many kinds of businesses fall under the “food service” umbrella, including full-service restaurants, quick-service establishments, bars, and food trucks (or other mobile food operations). Some of these benefits will be better suited to one kind of eatery than another.
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What Is Online Banking?
Online banking works similarly to traditional banking; there’s just no physical location for you to visit and sometimes fewer products (loans, different accounts, etc.) to choose from.
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Payment Gateway VS Payment Processor: When Do You Need A Payment Gateway?
If you want to sell online, you need more than a website. A payment gateway connects your payment processor to the internet and conveys the transaction information so that you can get paid.
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How To Choose A Bank For Your Small Business
Different banks offer different account types, services, and levels of national coverage. Before you start your search, you need to determine what your banking needs are and the banking services and features you’ll require to meet those needs.
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Merchant Category Codes (MCC): What They Are & How To Find Yours
Merchant category codes, or MCCs, dictate interchange rates, but they also serve other important purposes. See how MCCs affect your small business and what you can do about making sure your business is categorized with the right MCC.
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What Are High-Yield Business Savings Accounts?
Maybe your business has been generating a solid amount of income, and you’ve been storing that cash in a traditional business savings account. You want to make more passive income on your savings, but you don’t want to risk your funds evaporating in a volatile marketplace. A high-yield savings account is the middle ground for business owners in this scenario.
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6 Best POS Systems For Golf Courses
The best overall golf point of sale system for most golf courses, based on the systems we’ve evaluated, is Lightspeed Golf. Lightspeed Golf (formerly Chronogolf) is a fairly priced, scaleble, easy-to-use iPad POS system that will fit the needs and budgets of most golf courses.
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