ACH payments, also known as echeck or electronic fund transfers (EFT), are bank-to-bank payments made through the Automated Clearing House network. Automated Clearing House (ACH) is a system that settles financial transactions between institutions. Traditional banks, merchant account providers, dedicated ACH processing companies, and certain accounting software companies are all capable of handling ACH transactions….
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Square POS: The Ultimate Guide
Square is a free point-of-sale (POS) app that uses a credit card reader and your phone or tablet to process payments. POS is the tool retailers use at the point of purchase to process and manage sales. Square POS includes features like inventory management, customer directories, and sales reports to help retailers manage their business….
Square Fees & Pricing – The Ultimate Guide
Square is a payments, point-of-sale (POS), and business management tool for small businesses. Square charges a flat-rate payment processing fee, and businesses can use Square’s POS app for free. Additional features, such as marketing and payroll, are available for a monthly fee. Square offers an affordable solution that can be customized with different features. How…
Restaurant Profit Margin: Definition and Tips to Improve It
Restaurant profit margin is the percentage of annual sales revenue a business has left over after subtracting all expenses, including utilities, lease or mortgage, payroll, taxes, and insurance, from gross revenue. To determine gross revenue, subtract costs of goods sold (COGS) from total sales. Average profit margins for restaurants are typically between 3% to 6%….
6 Cheapest Credit Card Processing Companies 2019
Credit card processing is essential for any retail business. Eighty percent of consumers use cards for everyday purchases and spend up to 83 percent more than cash-paying shoppers. We determined the cheapest credit card processing solutions by comparing monthly and transaction fees, contract terms, ease of use, and included point-of-sale features. Square offers startup businesses…
6 Best Pizza POS Systems 2019
Pizza point-of-sale (POS) systems are software programs that help pizza shops manage orders, track sales, and ring up customers at the register. The best pizza POS systems also have tools for managing delivery and takeout orders, kitchen display systems, and online ordering integrations. We evaluated dozens of pizza POS systems to determine the best overall….
How to Get a Freight Quote: The Ultimate Guide
There’s more to getting a freight quote than entering your shipment’s size and weight into a freight carrier’s website. An accurate freight quote depends on many variables. If you get these wrong, your final charge could be far more than your original quote. It’s easy get to surprise bills and charges if you aren’t careful….
21 Insightful Construction & Construction Industry Statistics
If you’ve lived in a Midwestern state, you’ve probably heard the saying, “Here, we have only two seasons: winter and construction.” Although it’s an overstatement for humor’s sake, it’s true that there’s always something under construction. Let’s look at what’s going on in this industry with these construction statistics and trends. 1. Construction is 14.7%…
The Ultimate Guide to Credit Card Machines in 2019
A credit card machine is a device used to process in-person payments with a credit or debit card. It can be handheld and corded, portable, or attached to a point-of-sale terminal with a countertop cash register. Depending on the type of credit card terminal you choose, the cost ranges from $0 to $1,200. How a…
19 Insightful Food Industry Statistics
From franchises to sit-down restaurants to packaged goods, the food industry is vast and diverse. So, what does your food-related small business need to know for 2019? We’ve put together these food industry statistics to keep you in-the-know and help you advance your business this year. 1. Total food sales in 2017 nationwide amounted to…
6 Best Food Delivery Software Options 2019
Food delivery software enables restaurants to dispatch orders to drivers and provide on-demand delivery to customers. The best restaurant delivery software integrates directly with point-of-sale (POS) software, so you can manage everything from one screen. Pricing varies for the cloud-based software, but averages less than $100 per month, depending on your business size and needs….
8 Best Mobile POS Apps 2019
Point-of-sale (POS) apps are tools that retailers and individual sellers can install on mobile devices to accept credit card payments, track sales and inventory, and manage various business functions. We compared eight top-rated POS apps in terms of price, device compatibility, online integrations, and functions that meet most small business needs. Top 8 Mobile POS…
