Have you ever declined your customers at your restaurant business because you restaurant does not have a merchant account and therefore cannot accept payments through credit cards from it customers? That is a horrible thing to do to your customer because he will never come back. Therefore, it is better for your restaurant business if you have a “Restaurant Merchant Account” that will allow your customers to pay through their credit cards. It will also be in one way, an expansion of your business.

Now if you have all the things to open a merchant account such as the Point of Sales hardware and software, the credit card terminal and cash register, then all you need is a “Restaurant Merchant Account” to process your credit card transactions. The restaurant merchant account is different from the other merchant accounts in one important way – here there is a provision for you to tip the waiter for his/her service.

Some basics of the Merchant Accounts

If you want to provide your customers with the convenient way of making payments through credit cards then you will need to open a Merchant Account. The “Restaurant Merchant Account” is a merchant account for your hotel business which allows your restaurant to accept credit card payments from customers. It is made possible by establishing a deal with any bank or financial organization that is willing to do business with you by paying you for your credit card transactions which are valid. The bank will collect the money owed your the restaurant from the customer and then give it to you. The companies such as MasterCard and Visa have a pre – condition for all businesses, that they should get a merchant account to accept credit card payments. The reason is, if will transfer the financial accountability to a dependable institution from an unstable business.

There are many companies, online, which will help you in setting up the restaurant merchant account for your restaurant in a seamless manner. It is not advisable to hunt a financial institution by yourself. Also, these companies will help you with the cash advance, offshore merchant accounts and also with the virtual machines for your customers, online.

Pushing away customers because of not having the option of accepting credit cards is a very bad idea. At one point you will not have any customers to serve at all, let alone push away. It will take just one day to set up the “Restaurant Merchant Account”. Given below, are few more reasons to set up your “Restaurant Merchant Account”:

  • You will not loose out on your Profits: Yes, you have to pay many kinds of fees for your merchant account but you can just charge it to your customer. In this way your profits will not be hurt. People are ready to pay more for convenience.
  • In case of, Robbery: If your cash register is robbed then you will not loose all the money as the credit card payments come directly to your bank account.
  • Convenience and immediate receiving of payments.

Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.