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What are the benefits of a ‘Full Fat’ Merchant Services Payment Gateway? Full Fat meaning – all payment types in all areas of a business.

As Hospitality venues progress and start offering online ordering in addition to their invenue transactions, they typically must use a 2nd separate payment processing provider which increases costs, admin time and diminishes the opportunity to get improved harmonised transaction rates based on total revenues via a single payment provider with a single Merchant Dashboard.
Having a Single Provider of Merchant Services Payment Gateway services offers several benefits for businesses involved in online transactions.
Here are some key advantages:
      • Merchant has one Service Provider relationship for all transactions across all formats and payment types:
      • Single dashboard
      • Direct pay-outs for all types of transactions from one payment provider
      • Single PCI Compliance relationship
      • All payment types include:
      • In-Person Card Holder present payments
      • Pre-Order ‘authorised’ payments, before order acceptance protecting Merchant
      • Over the phone payments
      • Online web ordering payments
      • Mobile App ordering payments
      • Apple Pay
      • Google Pay
      • PayPal

  1. Improved Cash Flow:
    Businesses can experience improved cash flow as payments are processed in a timely manner. Typically, 5 or even 7 day pay-outs each week. This is especially beneficial for small businesses that may rely on a steady cash flow for operations.
  2. Convenience for Customers:
    Payment gateways provide customers with convenient options to make payments. They can use various methods, including credit/debit cards, digital wallets, and other online payment options.
  3. Faster Transactions:
    Transactions processed through payment gateways are typically faster compared to traditional payment methods. This enhances the overall efficiency of the payment process.
  4. Automated Processes:
    Full Fat payment gateways automate and simplify many aspects of the payment process, including authorisation, payment capture, and settlement. This automation reduces manual intervention and errors.
  5. Secure Transactions:
    Payment gateways provide a secure and encrypted platform for online transactions. This helps in protecting sensitive customer information, such as credit card details, from unauthorized access.
  6. Reduced Risk of Fraud:
    Payment gateways often include security features such as fraud detection and prevention tools. These measures help in reducing the risk of fraudulent transactions.
  7. Integration with E-commerce Platforms:
    Payment gateways can be seamlessly integrated with e-commerce platforms such as Ordering Websites and Mobile Ordering Apps, making it easier for businesses to collect secure pre-authorised payment, manage and track online transactions.
  8. Access to Reporting and Analytics:
    Many payment gateways offer single dashboard reporting and analytics tools that provide insights into transaction data. Businesses can use this information to analyse customer behaviour, track sales trends, and make informed decisions.
  9. Compliance with Security Standards:
    Payment gateways adhere to industry security standards, such as PCI, DSS and GDPR (Payment Card Industry, Data Security Standard and General Data Protection Regulation), ensuring that businesses comply with regulations and maintain a secure payment environment.
  10. Customisation and Branding:
    Businesses often can customize the look and feel of the payment gateway to align with their branding. This creates a seamless and consistent experience for customers.
  11. Customer Trust and Confidence:
    The use of a reputable payment gateway can instil trust and confidence in customers. They feel secure knowing that their payment information is handled by a reliable and secure system.

In summary, a Merchant Services Payment Gateway is an important component for hospitality businesses engaged in inhouse and/or online transactions, providing a secure, efficient, and convenient way to process payments and manage financial transactions.