Restaurant Glossary

Payment Methods

Restaurant space is full of words that one might not be familiar with, and the restaurant glossary is here to simplify it all for you. It will help you keep up with updated restaurant industry lingo.

What are payment methods?

The way that customers pay for a good or service is known as a payment method. Cash, a gift card, credit cards, prepaid cards, debit cards, and mobile payments may all be accepted in a physical store.

Common payment methods at restaurants?

  • Cash
  • Credit/debit cards. 
  • PayPal
  • Apple Pay
  • Google Pay
  • App payment
  • Cashless payment

Key considerations when selecting a payment method for your restaurant

What aspects need to be taken into account while choosing a payment app?

In light of this, there are several factors to take into account while choosing one for your requirements.

  • A report-generating feature
  • the ability to create digital receipts 
  • proper credit card encryption 
  • the ability to manage sales and returns with ease, and many more features.

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