Investing in the right POS system for your restaurant or bar can allow you to offer tailored customer payments and help to streamline your business processes in a number of ways.
Serve customers quickly
With capabilities to process transactions via a range of payment options, customers can quickly and easily pay in their preferred way every time. With no additional steps needing to be taken to switch between different payment options between customers. Additionally, portable restaurant POS solutions bring the payment device to your customer, reducing queuing at your central POS system.
Over the last few months, there has been a rise in the use of contactless payment methods across the retail and service industries, which is likely to continue in the future. Contactless payments are a quick and efficient way for customers to make lower value transactions, an ideal feature of a bar POS system.
Accept all major credit and debit cards
Allowing your customers to pay with their preferred credit or debit card can create a smoother and more efficient checkout process. Additionally, by offering more ways to pay your business is able to cater to a wider potential customer base and encourage customer retention
Dynamic currency conversion
Ideal for busy city centre restaurants serving tourists or international customers, dynamic currency conversion features on restaurant and bar POS systems allow customers to complete their transaction in their preferred currency. Creating simplified and faster transactions in alternative currencies.
Split the bill
Automatic bill splitting capabilities make serving and processing transactions from large groups of customers more efficient. Your POS system can automatically calculate the cost per head with bill splitting, avoiding the need for manual calculations and ensuring that everyone pays the right amount.
With fewer people carrying cash on their person, cash tips are slowly becoming less convenient for customers. Restaurant POS systems present the customer with the option to add a gratuity when they are completing their card or contactless payment. So customers can still recognise your staff’s hard work.
Accept and process more types of payment options including cashback cards and transactions. If your business includes cashback as part of your customer loyalty scheme, your restaurant POS system will also be able to process these transactions and retrieve information from your customer’s loyalty account.
Secure and reliable transactions
Opayo’s restaurant POS systems offer end-to-end encryption to ensure that your business and customer’s data is safe throughout the transaction.
Restaurant and bar POS systems automatically keep track of sales, customer loyalty programmes, currency conversions and stock inventory. Automating these processes reduces time spent on business admin and streamlines sales reporting and analysis processes.
Generate detailed sales reports
Many bar and restaurant POS systems are also capable of automatically generating detailed sales reports. By consistently tracking sales and transactions made across your business, the POS system can collate this information to generate detailed reports on a timescale of your preference. These reports can also compliment your POS inventory management features by identifying and trends or seasonality in purchases of certain menu items.
Through tracking your sales, your restaurant POS system can also assist with inventory management, identifying your most popular menu items and identifying low stock levels. This is especially useful for managing stock of fresh produce, as with detailed sales information, you will be able to identify the best time to re-order this stock that ensures it will not go out of date before it can be used.
Simplified end-of-day accounting
The live sales tracking features of your POS make end of day tasks such as cashing up, easier. With calculations done for you and reports automatically generated, you can manage daily accounting more accurately and efficiently.