Credit Card Processing Rates
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Discount Credit Rate:
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1.65%
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Discount Debit Rate:
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1.18%
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Monthly Statement Fee:
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$7.00
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Authorization Fee:
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$0.20
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Setup Fee:
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$0.00
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Programming Fee:
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$0.00
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Application Fee:
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$0.00
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Customer Service Fee:
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$0.00
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Annual Fee:
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$0.00
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Brief Overview of Benefits
Restaurant credit card processing is important for a restaurant because it allows the customer freedom to pay with cash or credit. A customer will limit how much he or she spends due to the amount of cash is in his or her wallet but with a credit card, the customer has the option to spend more money. Credit card processing for restaurants is different from processing for retail because it has a tip line on the receipt. This is also beneficial for the business because the customer will remember to give the waiter or waitress a tip. Accepting credit cards at a restaurant will also bring in more business. If a customer has to remember to bring in a certain amount of cash every time he/she is going to visit the restaurant, it will become a hassle and the customer is less likely to keep returning or even recommend the restaurant.
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