Credit Card & Payment Processing for Restaurants
The restaurant industry is unique and multifaceted, with specific needs and challenges when it comes to payment processing. As online ordering and digital payments become the norm, local restaurants need a reliable and efficient payment processing tool to keep up with demand. Here at Podium, we understand these needs and have curated a list of the top 10 credit card and payment processing tools specially tailored to your restaurant.
1. Podium Payments
Podium Payments not only gets you paid faster but also enables you to gather more customer reviews, generate leads, and centralize your customer data for an improved customer experience. It turns your phone into a card reader for quick and secure payments, and its text-to-pay feature keeps your transactions in the same channel where you communicate with your customers leading to timely payments and saved time.
One highlight of Podium Payments within the restaurant industry is its ability to track sales and follow up with customers. Its advanced fraud protection and automatic reconciliation capabilities ensure every transaction is secure and accurate.
2. Square
Square provides a comprehensive payment platform that caters to business owners’ unique needs, especially in the restaurant industry. The platform offers free online store setup, facilitating the seamless integration of online and offline sales. It also supports a broad range of credit card processing options, ensuring the highest level of flexibility for your business.
Square’s unique point-of-sale systems, like the Square Register and Square Terminal, are tailored to make the payment process fast, smooth, and efficient. Additional features like inventory management, analytics, loyalty programs, and e-gift cards make it indispensable for a restaurant’s daily operations.
3. Clover
Clover offers an array of payment solutions designed to help restaurants streamline operations. This tool guarantees a smooth checkout process, offering customers an enhanced dining experience.
Fast and efficient, Clover enables easy tracking of sales and inventory, simplifying restaurant management. It can suit itself to your business needs and evolve with them, making it a reliable option for restaurants.
4. Stripe
Stripe is a robust payment processor known for its comprehensive suite of APIs that allows businesses to customize their payment solutions. It supports all major cards as well as local wallets and currencies, making it a global payment solution suitable for restaurants with online ordering.
Its reporting and analytics features also offer valuable insights into financial performance, customers’ payment activities, and sales trends making it a catalyst for any restaurant’s growth and innovation.
5. Toast
Toast is a restaurant-specific POS and payment processor that simplifies order management and streamlines payments. Optimized for the restaurant industry, Toast helps you increase throughput, streamline operations, and delight guests.
Designed specifically for eateries, Toast delivers a comprehensive solution for contactless payments, boosting your operational efficiency and customer experience.
6. PayPal Here
PayPal Here offers an easy-to-use payment processing app that works on all devices and operating systems. It provides added convenience by offering flexible payment options, letting customers pay the way they prefer.
Choosing PayPal Here as your restaurant’s credit card and payment processor ensures a safe, secure, and fast payment service, enhancing your customers’ overall dining experience.
7. Lightspeed Restaurant
Lightspeed Restaurant’s POS system offers an all-in-one restaurant management platform that comes with efficient payment processing capabilities. It meets the specific needs and workflows of a restaurant operation, elevating service and increasing efficiency.
Lightspeed tends to all aspects of your business, from table-side orders to real-time menu updates and floor plan adjustments, making it a favorite among many restaurants.
8. Upserve
Upserve by Lightspeed provides a complete restaurant management solution, including a smart restaurant POS, payment processing, analytics, and a suite of tools to increase sales. It is a comprehensive platform that goes beyond basic payment processing services.
It’s a great resource for restaurants looking to get a full overview of how their business is running, with features that can provide valuable insights into sales, staff performance, and customer behavior.
9. QuickBooks Online
QuickBooks Online isn’t just an accounting solution. It’s an integrated financial management system that includes payment processing. Restaurants of all sizes can use this tool to manage invoicing, cash flow, payroll, tax filing, and more.
You’ll find value in QuickBooks Online through its ability to integrate with other services, making it a highly versatile addition to your restaurant’s tech stack.
10. Authorize.net
Authorize.net helps businesses expand their payment methods beyond credit cards to eChecks and digital payment solutions. It aims to streamline the purchase process, making it straightforward for both you and your customers.
The secure and reliable payment gateway of Authorize.net, coupled with the ability to accept global payments, makes it a great fit for restaurants looking to broaden their payment horizon.
Get Started
While having the right payment processing tool can contribute to the efficiency and profitability of your restaurant, combining it with a centralized communication platform like Podium can upscale your overall business operations, helping you build lasting customer relationships and enhancing your brand reputation. Explore your options, find the one that best fits your needs, and ensure a smooth dining experience for your customers.
