In the restaurant industry, every penny counts. Restaurateurs constantly juggle numbers to keep their business afloat, including product costs, staff salaries, and operational expenses. However, one often overlooked aspect of these costs concerns credit card transactions. To reduce these fees, more and more restaurateurs are opting for a clever approach: dual pricing1. What is dual…
In the world of hospitality and service, tipping has long been a social norm. However, the growing inflation threatens this traditional practice. In this article, we will explore how inflation impacts tipping in Canada, the challenges it presents for both customers and service workers, and how innovative payment solutions like DRS Payments can offer a…
As Easter approaches, a shadow looms over chocolate lovers: a dramatic rise in chocolate prices. Over the past year, the price of a ton of cocoa beans has skyrocketed from $2720 to $9471, a staggering 248% increase1. This sharp hike directly impacts the cost of chocolate treats, leaving consumers and merchants puzzled by this bitter…
In the vast ocean of the economy, the tides of inflation and the currents of interest rates are powerful forces. For traders, these economic movements are like unpredictable storms. They require careful planning and adaptive tools. In this tumultuous economic journey, payment solutions become crucial lifebuoys. They offer businesses the stability needed to navigate successfully…
In a world where e-commerce is gaining increasing prominence in the economic reality, many businesses, small, medium, or large, consider implementing an online sales service on their website as a crucial step. However, to ensure the success of the online business, they must carefully plan this transition and pay special attention to certain essential aspects….
When you seek to enhance the efficiency of your accounting, the integration of DRS Payments‘ Clover payment solutions with QuickBooks represents a significant advancement. These two giants in financial technology have collaborated to provide a comprehensive and intuitive solution, remarkably simplifying the management of your business. Facilitate transaction management By streamlining transaction management, the integration…
The meteoric rise of Bitcoin and cryptocurrencies has redefined our approach to financial transactions, paving the way for a revolution in the payments sector. At the core of this transformation, DRS Payments stands out by offering payment solutions compatible with the most popular cryptocurrencies in the market. The extraordinary rise of Bitcoin The spectacular ascent…
Credit card fraud poses a constant threat to businesses, jeopardizing their financial stability and reputation. However, by implementing preventive measures and choosing secure payment solutions, you can enhance your company’s financial security. In this article, we will explore practical tips to prevent credit card fraud, highlighting DRS Payments and the security it provides in its…
In the heart of the Canadian financial scene, a significant reform will reshape interchange fees for merchants starting in the fall of 2024. The Canadian government is taking bold steps to substantially reduce this rate, easing the financial burden on businesses. This initiative aims to decrease the interchange rate, which currently fluctuates between 0.92% and…
In the dynamic scenery of digital transactions, contactless payments represent not just a trend but a transformative leap in how we engage with our finances. As we delve into the future, fueled by innovative payment solutions, the shift towards contactless payments is reshaping the way we conduct transactions. The Rise of tap-and-go: Unveiling unparalleled…