Blog Posts | Page 37

For many restaurants, adding the option of online delivery may be something they’ve either been casually considering or maybe just started to implement as an experience. However, with the recent sudden health crisis that COVID-19 has brought, being able to stay open for deliveries has become almost a necessity for many businesses. The good news is, even if you’re starting from scratch, it can be a relatively simple process.

Both Stripe and Authorize.Net offer a powerful suite of payment services along with robust support for developers who want to integrate their services into their websites. Both also provide excellent support for foreign eCommerce transactions. Evaluating Stripe vs. Authorize.Net comes down to the sheer volume of features vs. flexibility.

Sadly, as the global COVID-19 pandemic wreaks havoc on our world and our institutions strain to cope with it all, scores of businesses are facing the excruciating reality that remaining in operation just isn’t feasible. As terrible as it is, there are steps you need to take to ensure that the pain of closing your business isn’t even more devastating to your employees and your finances than it needs to be.

While some merchants choose to navigate Etsy’s ever-shifting fees and guidelines, many sellers are tired of constantly adjusting their prices to reflect new fees. If you’re one of those sellers who is fed up with Etsy’s various fees, it might be time to try something different.

Do you know how to calculate your restaurant’s food costs? Learn the formula for determining your food costs, and then learn how you can use that knowledge to boost your profitability.

Inventory financing is a type of asset-based loan in which the inventory you’re purchasing with the loan is used as collateral to secure the loan. Depending on the arrangement, the lender may also require you to put up your accounts receivable as collateral. The amount of financing you receive is directly related to the value of the inventory in question, usually 70 to 80% of the inventory’s value. Read our article for the full story on inventory financing, including rates and terms.

The processing industry is simply not the sort of place where you can expect everyone to be honest and treat you fairly. People in this business can and will take advantage of you – if you let them. Reading your contract before you sign up is your last line of defense against being stuck in a bad deal. Here are our best tips for reading and understanding your merchant contract.

Shopping for a Clover POS system? With so many companies peddling the system, making a choice and comparing costs can be daunting. Let us set the record straight on what a good Clover POS price is and where you can get the best deals.

Looking for the best payroll software app for your small business? Merchant Maverick has spent countless hours learning the ins and outs of payroll software and testing the best options around. Gusto is the best overall small business software, with ADP as runner-up, while Square is the easiest to use. But there are even more great choices on the list.

The process of selecting a payment processor is a daunting, complex one. Read our post for a sense of what to look for when choosing a credit card processor for your restaurant — as well as a snapshot of the processors and POS systems that, we feel, give foodservice businesses the best value for their money.