A few of the best practices in restaurant POS systems - boosting sales and reducing chargebacks

A few of the best practices in POS systems -				transactions receives low qualified rate and all the rest
boosting sales and eliminating chargebacks				downgrade and cost one, two, or even three percent.
Increasing Profits				By researching for alternate programs that offer
As of today, every cent counts and adding them to				different interchange rates might just help you out in
your bottom line is possible in the middle of economic				saving more.
crisis. Here are a few steps that will increase your				Insist on Understandable Statements
profits, by boosting your sales, reducing debit card fees				You and your bookkeeper don't have to scratch your
and expenses, and most of all block theft.				heads over a complex credit card statement that just
In the food service industry, if you're running a				doesn’t fit. A few companies have made
restaurant point of sale system then this tips can				extraordinary efforts to simplify these reports. You
greatly help you grow your business!				should be able to come into terms with your statement
Checks				and rates without exceeding 15 minutes.
Checks may not may not seem appealing to younger				Get Reports Over The Internet
customers, but their still widely used especially among				The post office is slow, don't wait any longer for them
older customers. So if you have not been accepting				to deliver you a letter of disputing a charge. Using the
checks, start soon. There’s equipment that will scan				internet, you will know within 24 hours, allowing you to
the check as quickly as a credit card, measure them				aggressively defend against chargebacks. This type of
against a nationwide database of bad check writers,				quick action will increase your success rates and
transfers the money to your account electronically, and				reduce your losses.
guarantee you receive your funds within a few days.				No need to scratch your head over complex credit
In addition, the cost is typically lower than for credit				card statements and for your bookkeeper as well.
cards and could add 10-15 percent to sales—and				Use the Card Validation Value and Address
could even be more if seniors make up the majority of				Verification System. They are highly effective fraud
your customers.				screens proven to reduce losses, and by using them
Accept all Cards				correctly, you obtain the lowest possible rate for
Already accepting Visa and MasterCards? Consider				discounts.
accepting other credit cards besides Visa and				One more thing, you need to avoid hackers by being
MasterCard. What about Discover and American				PCI compliant. Hackers can cause merchants
Express? Particularly, the latter accompanies larger				mammoth of fines, and drive them out of business. It's
transactions in general. You might have felt hesitated				always a good time, so you don’t get caught
because of the fee, but reconsider—a 1% difference				napping.
may not look worthy of consideration for you, and				How To Lessen Chargebacks
because American Express transactions are often				If you run an online or phone ordering business, it's
larger than those of other cards, you’ll make it up in				always a great idea to implement the “Verified by
gross profit. Furthermore, if you’re known for				Visa” or “MasterCard Secure Code” plug-in
accepting all forms of credit and debit cards,				on your web site. This helps eliminate cardholder
customers would probably be more likely to come				nonauthorization chargebacks. Liability for these
back and shop some more.				chargebacks will be shifted away from you to the
Do Your Research				issuing card bank, and you qualify for the lowest
Many vendors think their fees are 1.69% plus an				discount rate available. By this simple step, you could
additional $.19 because that’s their qualified rate on				possibly eliminate up to 80% of all chargebacks and
a tiered pricing program. Though fewer than 20 of 100				increase your profits.