Merchant Service Providers: What Are They & What Do They Do?
To accept card payments and other non-cash transactions, restaurants need merchant service providers to handle the growing prevalence of new technology and trends. In exchange for these safe payment processing, though, restaurants have to pay a fee on every sale they make. Given the thin margins that typically haunt the food service industry, these fees can generate a lot of stress for restaurants. Don't blindly pay vendors or put off advanced processes: Do your research and find a merchant service provider (also known as an MSP) that works for you. Merchant Service Providers Before... read more »