Restaurant point-of-sale (POS) systems manage orders and process payments for foodservice businesses. The best POS systems for restaurants are all-in-one restaurant management solutions with inventory management, employee management, staff scheduling, reservation, online ordering, and customer loyalty tools. Modern cloud-based and hybrid POS systems operate on tablets, making them more versatile and affordable than traditional legacy…
Dharma Merchant Services Review: Is it Right for Your Business?
Dharma Merchant Services is a traditional merchant services provider with interchange-plus pricing that specializes in working with independent businesses. Dharma Merchant Services has solutions for accepting online and offline payments and they accept low-risk business processing more than $10,000 each month. Its other features include free virtual terminal, online reporting, mobile processing, online payment links,…
Stax by Fattmerchant Review: Is It Right for Your Business?
Stax by Fattmerchant is a subscription-based merchant services provider with affordable interchange-plus processing rates for growing businesses. Other features include invoicing and billing software, recurring and stored payment options, customer relationship management (CRM), text-to-pay, and analytics reporting. Stax by Fattmerchant uses a custom pricing model based on your needs and monthly transaction volume. What We…
QuickBooks Payments (Intuit Merchant Services) Review
QuickBooks Payments, formerly known as Intuit Merchant Services, is a payment processing platform that enables companies to accept payments made via credit and debit cards and ACH transfers. The system integrates seamlessly with QuickBooks’ popular accounting software. Its other features include recurring payments, invoicing, mobile card reading, next-day deposits, and analytics reporting. There are no…
Vend POS Review: Is Vend Right for Your Business?
Vend is a cloud-based retail POS system with a real-time inventory management capability and a built-in loyalty program. Its features include multi-outlet handling, store credit payments, layaway tools, integrated payments, advanced reporting, and insights. Vend’s monthly fees start at $99. The platform is best for growing retail businesses that handle extensive inventories such as gift…
ShopKeep by Lightspeed POS Review: Is it Right for Your Business?
ShopKeep by Lightspeed is a cloud-based iPad point-of-sale (POS) system for retail and restaurant businesses. Small footprint restaurants and food trucks will also find a lot to like in this well-designed POS. This cost-effective, small footprint system gets high marks for ease of use. Its inventory management and reporting features are robust for most retail…
KORONA POS Review: Is KORONA POS Right for Your Business?
KORONA POS is a cloud-based point-of-sale (POS) system that works with retail and ticket-based businesses. It offers customizations on the front-end and in reports, has tools for specialized sales—whether for alcohol or custom orders—and can handle event ticket sales. Easy to use and earning great user reviews, it’s a great choice for stores needing those…
Interchange Fees Explained & Current US Interchange Rates
Credit card processing is an essential part of business, and it comes with a cost. Credit card processing fees are made up of three parts: Assessments: Fees paid to card networks (Visa, Mastercard, etc.) Markups: Fees paid to third parties (payment processors and merchant accounts, like Square and First Data) Interchange: Fees paid to the…
Shopify POS Review: Is Shopify Right for Your Business?
Shopify POS is a POS software designed for active Shopify ecommerce subscribers. Its features include inventory management, multi-channel selling, customer profiling, order management, and reporting and analytics. It is free to use for on-the-go sales, while brick-and-mortar businesses pay an additional monthly fee of $89 per location for more sophisticated features. Shopify POS is best…
Square Payments Review: Is it Right for Your Business?
Square Payments provides mobile payment processing and aggregated merchant services. Its features include instant setup with no application or approval process, free invoicing software and mobile payment app, next-day deposits, and chargeback management. Standard card-present transaction fees are 2.6% + 10 cents, with volume discounts available. Generally, Square is best for new and occasional sellers…
Stripe Review: Is Stripe Right for Your Business?
Stripe is an online payment processing solution that comes with a sophisticated software for creating custom checkouts, and it works best for online businesses with access to developer resources. Its features include open-source online checkout tools, programmable in-person payments, fast payouts, global support, dispute management, smart invoicing and subscription management, and multi-party payments. Stripe’s fee…
Payment Depot Review: Is Payment Depot Right for Your Business?
Payment Depot is a merchant services provider that enables companies that transact over $10,000 monthly to process credit card payments at wholesale rates. Its other features include rate protection, chargeback and risk monitoring, shopping cart integration, next-day funding, mobile payments, and a virtual terminal. Payment Depot has a wholesale membership pricing model that starts at…