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Small Business Insight

Velocity Merchant Services

Recent Posts

Who is VMS? What Can We Do For Your Business Today?

When it comes to running a business, the main elements business owners focus on are providing services to their customers, clients and employees to provide the necessary services needed. If your new or growing business never thought about the need for electronic payments, credit card processing or other mobile payment solutions, website or logo creation, that is where VMS comes in.

Why Online Ordering Is Better Than Uber Eats, Grub Hub OR Door Dash

Setting up your online ordering with your own delivery service for your restaurant will keep more money in your small business pocket, instead of paying the 30% to a delivery service like Uber Eats, Grub Hub or Door Dash. Setting up your online ordering from a website or even from a business facebook page or other social media is really simple. Another plus with online ordering is that the orders reliably get to your staff because there is no middle man. When the ordering is done directly to the restaurant, your business is directly interacting with the customer and building a relationship with them while having total control over everything, from getting the food ready to knowing where it needs to go. You can decide whether to put delivery drivers on-staff, or have one of your employees ready to go for delivery, when the calls come in, depending on the location and needs of your business. The great news is you can figure the delivery fee into the bill and pass that fee onto your customer(s) without ever losing any of your return on investment (Cost of food and time you put in preparing the food.)

Many restaurant owners are not aware of how beneficial online ordering would be for their restaurant and unfortunately they think their only option is to use a third-party delivery service to give their customers the convenience that they're interested in. If you have a menu that travels well and fits in with delivery cuisine, then online ordering is an option worth considering.

Clover™ Flex for Food Trucks – Payment As Convenient As Your Food Service

The food truck as we know and love it today has revolutionized the way we eat and seized the imaginations of thousands of small business owners across the country. From gumbo on-the-go to take-out tacos, street food has never been so popular and it's an industry that shows no signs of stopping.

Street food is as convenient as it is delicious, but if you aren't offering your customers a convenient way to pay, you could be losing more customers than you think. In a society that is becoming increasingly dependent on mobile payment services and less so on cash, it makes sense for any food truck owner to explore alternative payment methods that make life easier and attract more customers as a direct result.

There was a time when these services were prohibitively expensive and only a viable option for larger retailers. Today, thanks to advances in technology and mobile connectivity, POS systems have become faster, better and more affordable. Most importantly, they are now readily available for the mobile business owner.

The Square Versus a Traditional Merchant Services Company

Business owners have to be careful when choosing their credit card processing company. You need reliable, affordable service that offers excellent customer service, otherwise, you can lose customers of your own. Many small to mid-size businesses are choosing mobile credit card services like Square to handle their transaction processing. This choice offers a number of advantages but also comes with some drawbacks.

The Importance of Credit Reports

If you want to borrow money to buy property or supplies, your credit report matters. Credit reports are reports that provide a detailed history of an individual's borrowing and payment patterns. Lenders use this report to assess a consumer's ability to repay loans. Credit reports also help lenders determine the appropriate loan terms to grant potential borrowers. Thus, it's critical for individuals to monitor their credit reports. But even as a business owner, it's important to watch your credit. Here's why:

EBT – Why You Should Take It

Each year, the United States government issues nearly $100 billion to EBT programs like the Supplemental Nutrition Assistance Program (SNAP). EBT makes it easy and secure for beneficiaries to purchase essential goods, including food and garden supplies. On average, SNAP beneficiaries receive $126 per month.

If your business doesn't accept EBT, then you're potentially losing thousands of dollars in revenue every month. Learn how to start taking EBT so you can grow your customer base and increase your profits.

Inside Sales Call Centers

Although businesses currently thrive in a highly digital world, many customers still prefer to pick up the phone when they're in need of assistance.

Call centers provide a level of support that email and live chat cannot always achieve, which is why many call centers are still going strong -- especially when it comes to sales.

Are You PCI Compliant?

Payment Card Industry Compliance, or PCI compliance, is vitally important to anyone accepting payment through credit card, in order to avoid fines and protect customers. The PCI security standards council (PCI SSC) was set up to ensure that all customers' data is stored properly and encrypted to protect the integrity of your business, and the safety of your customers.

The VMS Solution to Working Capital

Also known as net capital, in short, working capital is a term used to denote all the money a given company has at its disposal, as a means of covering expenses. A sum that is reached by taking the sum of the difference of a company's current assets and liabilities, working capital can be used in order to restock inventories, pay short-term debts and much more.

Gift Cards Are For All Year Long

Dec 20, 2018

 

The largest retailers like Target, Walmart, and Nike offer gift cards. Your business should offer them too. A gift card program can boost revenue, grow your customer base, and increase foot traffic. Here's how to get your gift card program off the ground.