For restaurants, now is the time to take bold steps to save money and prepare for a new future

Like most small businesses, restaurants have been hard hit by the current business landscape. However, many have had the opportunity to stay open by adapting to a new business model — carry out and delivery.

In doing so, some of these businesses have remained a vital part of their respective communities. However, one unfortunate aspect of this new way of doing business is that they may not be properly set up for the way they are now accepting payments. And that may be costing them money.

In short, if a business was set up to primarily accept cards in person — but now they’re mainly conducting transactions over the phone and hand-keying card information into a terminal — they will pay paying higher rates than usual.

Even before COVID-19 forced an immediate change in dining habits, technology had already been slowly changing the way small businesses should be accepting payments. Now, virtual terminals — including Paya Connect, an all-in-one virtual payment solution — provide the best of all worlds. Paya Connect provides a single, secure platform to easily process transactions no matter how customers present payment — over the phone, in-person or online, saving businesses from paying extra fees they shouldn’t be paying in times like these.

But that’s just the beginning. Paya Connect can build a customer database, so payment information can be securely stored to speed up transactions. And reporting can be accessed from any location with an internet connection.

Now is the time for restaurants and other small businesses to take steps to save money and prepare for the future. Paya Connect is the right first step.