How to Increase Restaurant Profitability by Implementing Electronic Tips
It’s estimated that nearly 90% of all consumer transactions are now made via credit card, leaving restaurants in a position where accessing cash to pay employee tips at the end of the night is not only challenging but impacts your bottom line.
By transitioning to electronic tips, you can reduce the significant costs associated with cash tip processes, while meeting the expectations of your staff that rely on tips.
In this pre-recorded webinar, we discuss the reasons why switching to electronic tips increases profitability, including:
- Improved operational efficiency
- Reduced risk of fraud
- Satisfied employees’ needs