When someone makes a payment on a website or in a store, the transaction involves more than just clicking a button or tapping a card....
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About the Author
Katie Nelson
Katie is a Senior Content Specialist at Lightspeed. She has a degree in Journalism and now specialises in writing insightful content for businesses in the hospitality and retail industries.
More from this author
Katie is a Senior Content Specialist at Lightspeed. She has a degree in Journalism and now specialises in writing insightful content for businesses in the hospitality and retail industries.
When you run a business, one of the most important decisions you’ll make is how to accept payments from your customers, and with...
- by Katie Nelson
Running a retail business means managing constant ebbs and flows in cash flow. From seasonal sales spikes to unexpected equipment repairs,...
- by Katie Nelson
The way customers pay is changing faster than ever. From the days when cash ruled the register to the rise of credit and debit cards,...
- by Katie Nelson
Running a business often means balancing opportunities with challenges. Maybe you want to stock up ahead of a busy season, invest in...
- by Katie Nelson
In recent years, cash payments have gradually become less popular, with many consumers opting for more convenient methods, like cards...
- by Katie Nelson
Business financing has changed a lot in the last 20 years. This is mainly because traditional loans are no longer the only way for...
- by Katie Nelson
In 2024, 11% of point-of-sale transactions in the US were made in cash, and this is expected to drop to just 9% by 2030. With this...
- by Katie Nelson
Accepting credit card payments is a common part of doing business. Whether in-store, online or through a mobile app, customers often...
- by Katie Nelson
The Federal Reserve Financial Services recently released a 2025 payments report that found cash accounted for 14% of all US consumer...
- by Katie Nelson
Near field communication, commonly called NFC, is a form of payment technology that allows people to pay using a device such as a mobile...
- by Katie Nelson
As a retailer, the chances are you already have a payment provider for your business. However, with new players entering the market,...
- by Katie Nelson
Retailers in the US, Canada and beyond have faced several financial headwinds in recent years. From supply chain disruptions and inflationary...
- by Katie Nelson
Owning a restaurant is a dream for many businesspeople. Yet, the day-to-day costs of opening and running a restaurant can make owners...
- by Katie Nelson
Your inventory management is an integral part of your business and one of the processes you have the most control over. Lax inventory...
- by Katie Nelson
Restaurant accounting can be daunting for business owners, as there’s a lot to consider, from tax compliance to payroll, reconciliation...
- by Katie Nelson
Keeping on top of your finances can be one of the most challenging parts of running a hospitality business, particularly if you manage...
- by Katie Nelson
One of the most complicated and time-consuming tasks for restaurant owners and managers is accounting, as it’s an essential task...
- by Katie Nelson
If you’re in the process of setting up your restaurant accounting, building a restaurant chart of accounts will be a top priority...
- by Katie Nelson
Restaurant staff are the backbone of the industry, and with the right team behind you, it can be easier for your business to thrive....
- by Katie Nelson
Angry chefs, toxic kitchens, unreasonable customers, and run-off-your-feet shifts – workplace culture in the hospitality industry...
- by Katie Nelson
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