Today, we are excited to announce a new delivery app for EMV payment at the door with a chip-enabled PIN pad.
If you have found it challenging to justify the upgrade to EMV in the restaurant when a large percentage of your sales are Card Not Present deliveries, Pay@ the Door could be the answer. The new EMV Pay@ the Door app could potentially save you hundreds of dollars each month in credit card processing costs and chargeback liability for delivery transactions—including online orders.
Payment Processing Savings
EMV payment at the door savings drop straight to the bottom line. Processing all delivery payments at lower Card Present rates can reduce the effective processing rate for those transactions by 0.5% or more.
For a pizzeria with an average order value of $20, based on current Visa US Interchange base rates, that can translate to a savings of about 14 cents per transaction. Depending on order volume and delivery area, with EMV payment at the door, a pizzeria with delivery could save hundreds of dollars every month in reduced card processing rates.
The savings apply even to e-commerce. Many online ordering services process payments online at Card Not Present rates. Using Pay@ the Door with the new SpeedDine, or with another online provider that supports this functionality, payments for all online delivery orders can instead be processed securely at the door, at lower Card Present rates.
With online ordering representing 25 to 50 percent of many delivery operations’ sales, that represents significant savings and risk reduction.
Reduce or Eliminate Delivery Chargebacks
In addition, EMV payment at the door can eliminate restaurant owner liability for delivery chargebacks.
While some of our clients experience very few chargebacks, other operators report increasing losses every month in fraudulent delivery chargebacks. EMV payment at the door reduces this liability, increasing your savings. This could be a game changer for profitable restaurant delivery.
EMV Pay@ the Door currently requires Vantiv payment processing.
Visit this page to learn more, or to request a call to get started.
Our sales team is at the International Pizza Expo this week. If you request a call, your account manager will get in touch with you in the next couple of weeks to arrange a demo, answer your questions, and get you started.
