How to Get Paid Faster: Payment Solutions for Your Local Bakery or Coffee Shop

Running a local bakery or coffee shop is more than just crafting delicious pastries or brewing the perfect cup of coffee. It’s about creating an inviting atmosphere where customers feel at home. But let’s face it—while making customers happy is a priority, getting paid faster is crucial for keeping your business thriving. Luckily, some straightforward payment solutions from reputable brands like Leaders, Clover, North, Merchant One, Square, Paysafe, Helcim, and Stax can help speed up your transactions and improve your cash flow. Here’s how you can get paid faster without diving into the deep end of tech jargon.

1. Embrace the power of modern POS systems

A modern Point of Sale (POS) system is more than just a cash register—it’s the heart of your transaction process. Brands like Clover and Square offer robust POS systems that come equipped with integrated payment processing, inventory management, and even customer loyalty programs. By upgrading to a smart POS system from these brands, you can ensure quicker transactions at checkout, reducing long lines and keeping your customers happy. Plus, many of these systems offer next-day deposits, meaning the money from sales lands in your bank account faster.

2. Accept multiple payment methods

To speed up the payment process, consider accepting a variety of payment methods. The more options you offer, the easier it is for your customers to pay. Merchant One and Paysafe provide solutions that make accepting credit and debit cards, mobile payments like Apple Pay and Google Pay, and contactless payments a breeze. These methods are not only faster than cash but also cater to customers’ increasing preference for digital transactions, especially in a post-pandemic world.

Our top picks for December 2024

Most Recommended

9.9

Leaders

9.9

• Accepts high-risk accounts
• Contactless Payment

SAVE or get $200 guarantee*

Visit Site

9.8

Clover

9.8

• Fraud protection
• 24/7 expert support

All in one payment system

Visit Site

9.7

Merchant One

9.7

• High approval rate
• Flat-rate pricing

24/7 unlimited support

Visit Site

3. Streamline your checkout experience

A streamlined checkout process can make a huge difference in how quickly you get paid. If your customers have to wait too long to pay, you risk losing sales. Consider using Leaders or Stax, which offer easy-to-use payment systems that can be quickly navigated by your staff. Make sure your staff is well-trained on the POS system, keep your counter clutter-free, and consider adding extra registers during peak hours. An efficient checkout not only speeds up payments but also enhances the customer experience.

4. Set up recurring payments for regular customers

Do you have customers who come in every morning for their coffee or frequently order cakes for their events? Setting up recurring payments can make their lives—and yours—a lot easier. Helcim and North offer recurring payment solutions that ensure you get paid promptly while fostering customer loyalty. This feature can be managed easily through their modern POS systems or payment processors.

5. Automate your invoicing for catering orders

If your bakery or coffee shop offers catering services, consider using an automated invoicing system. Square and Stax provide automated invoicing features that ensure your invoices are sent out immediately after an order is completed, reducing the time you spend on paperwork and the time it takes to get paid. Many invoicing systems also offer reminders for unpaid invoices, so you don’t have to worry about chasing down payments.

6. Use merchant services that offer fast funding

Choosing a merchant service provider that offers fast funding can significantly speed up the time it takes to get money into your bank account. Leaders, Merchant One, and Paysafe offer services with same-day or next-day deposits. This feature can be a game changer for managing your cash flow, especially in a business where expenses are constant and revenue needs to keep up.

7. Encourage quick payments with incentives

Offering small incentives, such as discounts or loyalty points for using faster payment methods, can encourage customers to pay quickly. For example, you could offer a small discount to customers who pay with a card or use a mobile payment option instead of cash. This not only speeds up the payment process but also enhances customer satisfaction and loyalty.

Conclusion

Running a local bakery or coffee shop is no easy feat, but by implementing these simple payment solutions from trusted brands like Clover, Square, Merchant One, Paysafe, Helcim, North, Leaders, and Stax, you can ensure that you get paid faster and more efficiently. Whether it’s upgrading your POS system, accepting multiple payment methods, or setting up automated invoicing, these steps can help you focus more on what you love—baking and brewing—and less on chasing payments.