How are restaurant and hospitality businesses evolving in the UK and Ireland? Explore Mastercard's interactive report to understand emerging trends in quick service, casual restaurants, and fine dining.
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How are restaurant and hospitality businesses evolving in the UK and Ireland? Explore Mastercard's interactive report to understand emerging trends in quick service, casual restaurants, and fine dining.
Mastercard Analytics: explore local restaurant data in the UK and Ireland
insights.mastercard.com
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How are restaurant and hospitality businesses evolving in the UK and Ireland? Explore Mastercard's interactive report to understand emerging trends in quick service, casual restaurants, and fine dining.
Mastercard Analytics: explore local restaurant data in the UK and Ireland
insights.mastercard.com
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AVP-Director Of Business Development | Financial Institution Partnerships | North America at Elavon, Inc.
How are restaurant and hospitality businesses evolving in the UK and Ireland? Explore Mastercard's interactive report to understand emerging trends in quick service, casual restaurants, and fine dining.
Mastercard Analytics: explore local restaurant data in the UK and Ireland
insights.mastercard.com
To view or add a comment, sign in
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AE at Gigpro | 10 x gold 🥄 winner | Hospitality Connectors | Bringing workers back to the hospitality industry with on demand recruiting App!
I find it amazing to watch hospitality operators manage the day to day happenings of their business or businesses. Managing labor, food costs, schedules, customers, logistics, waste AND family is a juggling act that, unless you have done it, is very difficult to comprehend. So we go out to relax ourselves on occasion. Visiting our friends at their places or traveling to resorts to get away. And we charge it on our credit cards. Here is something I imagine most of the public does not consider when it comes to one of these balls being juggled by our #hospitality friends. Did you know there are only 2 major credit card 💳 networks that control 80% of all credit card transactions? So what is the big deal? Well every time a customer pays with a card (like every time) the business is charged an average of 3%. It is like having to pay an entirely separate tax. 💰 Meaning, with that much power these 2 companies can basically: 1) ban anyone else from entering the market 🛑 2) simply charge whatever they want. 📈 Like my good friend T.J. Oakley says in this editorial "In an industry that averages 3-5% profit margins, an extra 3% on everything can easily put you out of business." So I stand with T.J. and Scott Harper, MS and everybody else asking our federal leaders to pass the Credit Card Competition Act, a bipartisan piece of legislation in both houses of congress that would require at least 2 competing credit card networks on each transaction, introducing competition and reducing costs by an estimated $15 billion a year. We all deserve some relief from swipe charges. 🥂 https://lnkd.in/enqtqMdR #swipecharges #relief #restaurants #hotels #creditcardcompetitionact
Restaurants need your help, Sens. Paul and McConnell. Credit card swipe fees are crushing us.
courier-journal.com
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POS Systems Inc , See why accredited investors, family funds, and smart investors are positioned in this type of opportunity https://lnkd.in/eZWWy2PE https://lnkd.in/eVABkPTB Accredited Investors are capitalizing on businesses to merely process daily transactions. And that’s where the opportunity arises, to instantly increase their bottom line by offering a competitive rate. It’s a win-win relationship for both the investor and the merchant. In addition to monthly fees Restaurant Systems will happily transact their high cash flows for them. Allowing investors to scale faster and capitalize on this blue ocean opportunity. This is your invitation to be on the ground floor of a very attractive valuation.
Restaurant Systems Pro
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Did you know that as many as 23% of merchants in the US are now charging an extra fee to customers who pay using a credit card? Discounts for settling the tab at restaurants, coffee shops, and other retailers with cash are now on the menu as merchants search for ways to manage and reduce rising credit card transaction fees. If you were a consumer, would you rather earn a 4% discount for paying cash or 1-2% in points using a credit card? This trend threatens the use of reward credit cards in the dining sector. We've written a thorough analysis of the pros and cons of this new trend. Enjoy. #customerloyalty #loyaltymarketing #cobrandcards
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Amex Gold checklist: Five things to do when you get the card
Amex Gold checklist: 5 things to do when you get the card - The Points Guy
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“The report, which drew on survey data from 614 restaurant SMBs that generate $10 million or less in annual revenues, revealed that 40% of restaurant SMBs said instant payments are their most used payment method.” https://lnkd.in/g-cx3fsY #restuarants #sales #owneroperator #payments #merchantservices #fintech #equipmentleasing
70% of Restaurant SMBs Say Convenience Is Top Instant Payments Benefit
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The Dilemma of Restaurant Cancellation Fees 🍽️💸 As restaurants tackle losses from no-shows with cancellation fees, the question of fairness arises. Consider the case of a gentleman cited in a recent New York Times article, who was charged $200 for canceling his reservation due to a sudden family emergency. This situation highlights the potential harshness of such fees for customers facing unforeseen circumstances. Could technologies like InsureTech or customer reputation systems offer a fairer solution? What are your thoughts on creating more balanced policies? 🤔 Explore the issue further: https://lnkd.in/gFaA7ZTb | Non-paywall link: https://archive.is/cWv7c
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