With franchise systems, it is important to choose the best payment processing systems for your franchise brand. Each franchise owner will rely on their franchisor to make the decisions that are right for all. It is a balance – from credit card processing to collecting royalties and other brand related fees – and the technology continues to evolve.
As brand leaders, you want to choose the most efficient and comprehensive payment processing options. Today, emerging digital options include tap to pay for field services, text to pay and offering the customer savings if the franchisees want to pass on the fee.
A Trusted Franchise Supplier
For years, TransAct has worked with franchise brands, supported the franchisees and been a trusted supplier partner. Whether it is mobile or field based and home repair, professional services, retail or restaurant businesses each industry has unique requirements. We always bring to light the current options so that management teams at the headquarters or at the individual franchise owned operation can make educated decisions.
There are new options to consider, many with simple software updates rather than expensive equipment upgrades. We consult with each party to meet local business requirements. Here are just a few of the options to consider for franchise system payment processing and merchant services accounts:
- Digital and in person credit and debit card processing
- Annual PCI compliance support
- Unique log ins and training for employees
- Automated recurring payments (perfect for member based brands)
- Monthly reporting for all constituents: single owner-operators, the multi-unit franchisees with larger back office teams and the franchisor
- Royalty collection systems
- QuickBooks® and payment processing integration
- POS systems with the latest technology and interface
- Special management tools like schedule tracking or Inventory management
- ACH/EFT or e-check payments that can be issued via text or e-mail
- Fee-based processing to “pass on the cost” that is compliant with your state
Choose the Best Payment Processing Systems for Your Franchise
Staying current and choosing payment processing systems for a franchise brand is an ongoing task. Research the options and lean on the experience and expertise TransAct offers as your supplier partner. We not only provide training to each franchisee in the brand we also offer pre-opening onboarding support.
Talk to us about our recommendations for software updates, equipment and ways to make operations simpler, more efficient and profitable. TransAct works to help make the right franchise and payment processing system updates. Set up a one on one consultation today.