Franchise Payment Processing

Are you a franchisor looking for a preferred merchant services provider to recommend to your franchisees? Or maybe you’re a franchisee looking to switch and upgrade to a new POS system now that your franchise revenue is growing? We’ve got you covered!

TransAct is highly effective at creating custom payment processing solutions for franchise systems. We understand how important an efficient payment processing system is, and we will work closely with your brand to create one. For most of our franchisor customers, we are the only approved payment processing solution that they recommend to their franchisees.

We use a consultative approach to develop and deploy the most effective payment processing solutions available. Training and onboarding are executed by our office so that a franchisor and their franchisees are all comfortable with the technology selected. Our solutions are customized to support your franchise brand and don’t come with a contract or termination fees.

We learn about your business first to understand your requirements, and then make the system recommendation through our consultative approach. Our approach includes:

  • Different types of programs for merchant service fees
  • Traditional fees or passing along the fees to the customer
  • Free or discounted equipment
  • Onboarding and training as mentioned above

We work with you and your franchisees so you can run your business, while we ensure timely payment collections and deposits, especially with larger transactions amounts.

We make even the most complex payment processing systems easier. With customized reporting, QuickBooks integration, and management tools, we can help any type of franchise be more successful, profitable, and efficient.

Merchant Services & ACH Royalty Payments for Franchisors

As a franchisor, you want to help your franchisees be successful while following your model. When you choose TransAct to be your preferred credit card processor, we work tirelessly to help you achieve that goal. We are experts at payment processing for all types of franchised businesses including retail, service, healthcare, and restaurants.

Our merchant services can also help you collect royalties from your franchisees easily with automated billing options. Streamlining this process will allow both franchisors and franchisees to focus on growing their brand or individual locations without having to worry about sending or collecting regular royalty payments. Our recurring billing allows you to set up your exact billing terms in the system once and then let the system collect payments at your chosen intervals. Recurring billing can accommodate many types of digital payment methods, such as credit cards, e-checks, and ACH.

POS Systems for a Franchise System (Franchisor & Franchisee)

When franchisees first buy their franchise, they may start off using one of the well-known POS systems like Square or Shopify. As time goes on and their business becomes more successful, they may find those systems lacking in some way, especially if they have had frustrating issues that customer support couldn’t help them with. However, with the many options available today, it can be difficult to find the right POS system that has all the capabilities they need. Luckily, we’re here to help.

We can work with you one-on-one to help you navigate your options and recommend the best possible POS system available that meets your selection criteria. For example, you may ask if you can share and collect revenue among locations with your gift card program, or you might want to know what features and benefits are offered outside of the main POS functionality. Some things to consider include:

  • Loyalty Programs
  • QuickBooks Connection
  • Software License Costs
  • Hardware Costs
  • Merchant Fees

The POS systems we recommend are compatible with our merchant service offerings as well so you can create a customized payment processing system that can do all the things you need it to do and more. Some of the POS system and merchant service features we offer include:

We make transitioning to a new POS system and merchant service provider as seamless as possible by exporting the data where possible from your old system, mapping it to the new system, and cleaning up any out-of-date or incorrect data before loading it into the new system. We also provide support with onboarding, training, and pre-equipment testing.

Simplifying Payment Processing for Franchises

At the end of the day, our goal is to help both franchisors and franchisees make more money. We are also here to help retrain your staff who run the daily operations so they understand the how to’s from the new system’s distributor. Whether you are just establishing your franchised business or are in business with hundreds of franchisee owners, we can help. Get in touch with us for a one-on-one consultation to learn more!

Want to learn more about our payment processing solutions? Call us today at 800.335.6717 Fill out our contact form