A touch screen point-of-sale (POS) system is like a typical POS system, but the software operates on handheld devices and tablets, rather than traditional POS hardware. Touch screen POS systems are web-based and can synchronize in real time to a variety of other software solutions, enabling merchants to monitor their businesses from anywhere in the world. Continue reading “2021 Best Touch Screen POS Systems for Retail Merchants”
Have you ever stamped a card in anticipation of a free coffee? Presented a swipe card to gain points towards your next gallon of gas? Signed up for a payment card offering a percentage of your purchase back? If so, you’re already very familiar with customer loyalty programs.
Loyalty programs represent a great way to generate repeat customers while simultaneously building a long-term brand relationship, and their effectiveness is demonstrated by their sheer ubiquity across all of retail. Today, customers expect loyalty programs, and failure to offer one could result in lost sales to your competitors who are offering those all-important points. Continue reading “Successful Loyalty Model in Merchant Payments”
Apple Pay is Apple’s proprietary electronic payment solution, working hand-in-hand with Apple Wallet, the company’s card storage platform. Its userbase is growing extremely rapidly, and the system is well on its way to handling one out of every ten card payments by 2025. To use Apple Pay, users program their debit and credit card information directly into Apple Wallet, and then make online or in-store purchases by tapping their devices or clicking a button, and scanning either their thumb or face with Touch ID or Face ID. The benefits of accepting Apple Pay are myriad, and with so many Apple users jumping on board, it’s quickly becoming a must-have system for merchants looking to give customers the flexible payment options they demand. Continue reading “Apple Pay for Small Businesses – Getting Started with a Must-Have Payment Option for 2021 and Beyond”
The global spread of COVID-19 threw the entire globe into chaos, and businesses all over the world suddenly found themselves operating under new, strict rules – if they were allowed to operate at all. That put an enormous strain on the entirety of retail, with few sectors emerging unscathed. But limited access to the businesses they’d always taken for granted, and an increase in public caution and awareness in relation to things like social distancing and sanitation also caused major shifts in the way consumers shop. Those changes are not temporary, and they won’t roll back once business as usual eventually resumes. That makes it extremely important for all merchants to educate themselves on the new realities of the marketplace, and to adapt as necessary to stay current. Doing so has the potential to open up new revenue streams and improve the customer experience, while failure to do so has the potential to drive customers right into the arms of more agile, adaptable competitors better able to meet their new needs. Continue reading “Commerce in a Post-COVID World: Are Contactless Payments the Solution?”
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.
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”
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.
Learn how to lower your credit card processing fees and save money. Continue reading “Webinar Replay: How to STOP Losing Money on Every Sale WITHOUT Spending a Penny to Make it Happen”
Next-day funding is one of the most beneficial services a payment processing partner can offer to your business. The standard funding hold imposed by most merchant services providers can easily eat up two to three days between the time you make a sale and the time that money lands in your bank account. That’s valuable time, and by eliminating it, payment processors that offer next-day funding – like BAMS – make it clear that your company’s financial health is their top priority, even if it means assuming a little more risk on their end. In addition to the reaffirmation of your processing partner’s commitment to your company’s success, next-day funding also offers a number of significant benefits to your business – both tangible and intangible. The following represent just three of those benefits and make it clear why the availability of next-day funding should be an important box to check off whenever you shop for a new merchant services provider.
Successful retailers know two things: you have to give customers as many payment options as possible, and you have to ensure they can make those payments quickly. That ensures happy customers in brick and mortar environments and ensures minimized cart abandonment online. All merchants understand the importance of accepting debit and major credit cards, but not all merchants know how much they stand to gain from adopting one of the newer payment solutions on the market – Apple Pay. Continue reading “Why Your Store Should Be Accepting Apple Pay – The Top 5 Reasons Apple Pay is a Must for Merchants in 2020”