Your Business Made Simple!

Cash has been steadily going out of style for the last decade. Since the start of the pandemic, more and more consumers are choosing tap-and-go transactions versus handling cash. According to the Pew Research Center, about three in ten Americans make no cash purchases during a typical week, and over 60% of retailers now accept some form of contactless payment. So why do some stores only accept cash in this day and age? In an industry as competitive as the restaurant business, a cash-only operation may be tempting to help avoid credit card fees. If you’ve been thinking about becoming a cash-only restaurant, check out the risks and why partnering with a payment processing company for your restaurant is the better option.

Your employees are your most valuable asset. To ensure your staff is productive and your culture is maintained – even for remote teams – applying an employee management system can streamline your organization’s operations. As the owner of a small or medium-sized business, it often falls on your shoulders to manage, hire, retain, track productivity, and ensure your employees are getting compensated. When you utilize employee management software, you can automate even the most tedious administrative or HR tasks. If you’re looking to free up time, automate manual processes, and connect with your employees on a deeper level, Simpay is sharing what exactly is an employee management system and why your organization should use one.   

Deciding on the necessary products and services that can help your business operate more smoothly is a crucial step toward business success. Establishing a merchant account is an essential stepping stone that can help you along the way. A merchant account is a type of business bank account used to handle electronic payments. It serves as an intermediary between a customer’s bank account and your business’ bank account. As consumers rely more on electronic payments and less on cash or checks, your business needs to provide the most convenient and reliable payment options offered by a credit card processor.