merchant-funding 
Modern Restaurant Management
JANUARY 15, 2025
Auditing monthly merchant statements can take weeks or even months to complete. Chargeback fees typically cost between $10 and $50, depending on the merchant's agreement with their acquirer. When this happens the bank may reverse the charge, withdrawing the funds from the restaurant and refunding the money to the customer.
Modern Restaurant Management
MAY 6, 2021
billion to a Restaurant Revitalization Fund (RRF) to help restaurants on the road to recovery. Eligible establishments have until March 11, 2023, to use the funds on qualified expenses. Permitted uses of funds include: Payroll costs, including health, life, disability, vision, and dental benefits. Business mortgage obligations.
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Modern Restaurant Management
MARCH 16, 2020
A team of restaurant industry veterans led by HP-PR and Hall PR have set into motion a nationwide initiative to help get funds into the hands of restaurants now. RWCF has established a Restaurant Workers COVID19 Crisis Relief Fund to: Immediately direct money to organizations leading on-the-ground efforts in the restaurant community.
Modern Restaurant Management
JUNE 21, 2022
This allows merchants to stop any fraudulent behavior before it goes too far. As more and more restaurant chains accept Bitcoin as a payment method, along with giving customers crypto-based rewards, more points of anonymous funding enter the picture. The customer can either request it from the food merchant or their bank.
Modern Restaurant Management
AUGUST 27, 2024
Taxes you collect from others on behalf of government agencies, such as the employee portion of employment taxes and sales taxes from your customers, are considered trust fund taxes. As tempting as it may be to juggle your cash to cover payroll, vendor invoices or other bills, don’t use the trust fund tax to bridge funding shortfalls.
Modern Restaurant Management
SEPTEMBER 23, 2020
SpotOn Secures $60M Funding. secured $60 million in Series C funding. The new funding comes on the heels of SpotOn’s Series B funding announcement in March. The merchant knows exactly when customers will arrive so there's no need to text, call, or set a pickup time; the package can be delivered as they pull up.
Modern Restaurant Management
MAY 18, 2023
Source: Expert Market A payment gateway acts as the digital mediator between the merchant (that’s the hospitality business accepting the payment) and the issuing bank (their customer’s bank). These companies come ready to roll with glowing PCI credentials – meaning that, as a merchant, you don’t have to do a thing!
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