Are you confused between getting a merchant service or a Restaurant POS system? Are you trying to compare the features of both of them?
The answer is simple getting a Restaurant POS system is better than getting a conventional merchant service. A Restaurant POS system will provide you with different and important features that will help you in restaurant management. Whereas, A merchant service will only help you in processing the payments. Read more to find out what each device has in store for you.
What Does a Merchant Service Do?
Merchant services do more than just process payments. A merchant service provider ensures the security of transactions, helping you avoid fraud. They manage the transfer of funds between the customer’s bank and your business. Merchant services also allow you to accept multiple payment methods, such as credit cards, debit cards, and mobile payments. These services often come with a merchant terminal, which is the machine you use to swipe or tap customer cards.
For example, when a customer pays using a credit card, the merchant terminal processes the transaction by communicating with the bank to approve the payment. The money is then transferred from the customer’s account to your restaurant’s bank account, completing the transaction.
What is an example of a Merchant Service?
A common example of a merchant service is a payment processing company like PayPal. These companies allow restaurants to accept payments from customers both in-store and online. They provide the hardware, such as a merchant terminal, and the software needed to manage transactions. The services they offer are essential for day-to-day restaurant operations.
What’s the issue with merchant service?
The major issue that comes with merchant service is that they don’t have additional features like inventory management, data analytics, supplier management, QR ordering, etc.
You would have to invest in another POS system to get these features and run your restaurant better.
How EasyEat solves this problem?
Apart from providing merchant services, EasyEat has these features that can help you run your restaurant better-
Integrated Payments
EasyEat handles all payment transactions, whether it’s card, mobile, or online payments. It works just like a traditional merchant service but without the hassle of dealing with multiple providers.
Online POS System
EasyEat is a cloud-based pos system. This makes sure that your access to the POS system isn’t restricted by location. You can access and monitor the growth of your restaurant from anywhere in the world.
Inventory Management
In addition to acting as a merchant service, EasyEat also manages your inventory in real-time. It tracks stock levels and notifies you when something is running low. This feature helps you reduce wastage and improve your restaurant’s efficiency. It’s like having a merchant service and a pos system with inventory management all in one place.
Detailed Reporting
EasyEat provides real-time sales reports, helping you understand customer behavior and optimize your restaurant’s performance. Unlike traditional merchant services, EasyEat gives you more than just transaction data. You can access detailed insights into your best-selling dishes, peak hours, and much more.
Recipe Management
EasyEat lets you standardize recipes and retain the taste in your dishes with the help of its recipe management feature. Whenever your chef, makes a dish the ingredients are deducted in the same proportion from your inventory.
Multi-Location Management
EasyEat lets you monitor all your outlets from one place. A conventional merchant service would never let you do that. You can also find details of any particular transaction from any of your outlets. This is helpful even when you’re traveling. You can just monitor the status of your restaurant from anywhere.
Staff Management
You can monitor the attendance of your employees on any given day. This not only applies to your current branch but also applies to any of your branches. You can manage the access levels from your pos system. Your waiters will only have access to the menu and not the cashier. This helps in maintaining the security in your restaurant. Unwanted people won’t have access to confidential information.
If you’re still relying on conventional merchant service providers, it’s time to upgrade. With EasyEat, you get the best of both worlds: a powerful POS system and a reliable merchant service provider in one. Plus, you gain features like inventory management, real-time reporting, and a user-friendly interface that makes running your restaurant smoother and more efficient.
Why settle for just payment processing when you can have so much more?
