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Where’s My Money? Why Funding Can Take So Long and How Merchants Can Gain Access to Their Funds Faster

Where’s My Money? Why Funding Can Take So Long and How Merchants Can Gain Access to Their Funds Faster
Where’s My Money? Why Funding Can Take So Long and How Merchants Can Gain Access to Their Funds Faster

There are few things more satisfying than checking your numbers after a strong day of sales. But what is far less satisfying is having to wait days – often half a week or more – to enjoy the fruits of those sales due to annoyingly long hold periods imposed by your merchant services provider. That’s especially true if you don’t understand why it’s happening. The good news is, with a little bit of knowledge and the right business practices, the standard hold period – the delay between making a sale and actually getting your money – can be reduced or even eliminated. 

Continue reading “Where’s My Money? Why Funding Can Take So Long and How Merchants Can Gain Access to Their Funds Faster”

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What Merchant Services Providers Do: How Companies Like BAMS Help Businesses Like Yours Succeed

What Merchant Services Providers Do: How Companies Like BAMS Help Businesses Like Yours Succeed
What Merchant Services Providers Do: How Companies Like BAMS Help Businesses Like Yours Succeed

Merchant services providers have a huge role to play in the success of all companies accepting electronic payments, both online and in-store. But, whether you choose to partner with a third-party processor like PayPal or to open up your own personal merchant account through a company like BAMS, it’s important that you understand exactly what your payment processing partners do for your business, what your fees pay for, and how you can ensure you get the best bang for that buck.  Continue reading “What Merchant Services Providers Do: How Companies Like BAMS Help Businesses Like Yours Succeed”

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Is Toast a Good POS system? The Pros and Cons of Putting Toast to Work in Your Restaurant

Is Toast a Good POS system? The Pros and Cons of Putting Toast to Work in Your Restaurant
Is Toast a Good POS system? The Pros and Cons of Putting Toast to Work in Your Restaurant

Toast is a software company that provides restaurants with point-of-sale systems, as well as a host of other products covering ordering, management, and payment solutions. Toast’s flagship product is its Android-based cloud POS, which offers restauranteurs an easy-to-use, efficient software suite and simple, modular hardware. The success of that POS drove Toast’s value to over $1 billion in 2018, and at its peak, the company employed over 2,000 people. But despite all that success, the platform has some significant drawbacks which have only been compounded by the tough economic times the restaurant industry has faced in the wake of the COVID-19 pandemic. Weighing those pros and cons is key to determining if Toast is the right POS for your restaurant, and we’ll take a look at both sides of the issue below. 

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