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Competing Against Toast
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Check out this clip from our interview with Kai Hsu from HotSauce Technologies about two strategic weaknesses for Toast when competing against agents and ISOs.
First, Toast doesn't have a serious dual pricing offer that is well defined, supported, and compliant. This is a huge cost issue for restaurants, and it puts Toast in a tough spot. Could they handle the publicity of rolling out a real dual price program?
The second issue is their lack of reporting and transparency on the payment processing. Restaurant owners know they are paying a fortune for payment processing, but Toast provides minimal transparency into how their fee structure actually works.
Watch full episodes on our CCSalesPro YouTube channel!
#payments #restaurant #POS #toast #paymentprocessing #merchantaccount #merchantsales #iso #merchantservices
First, Toast doesn't have a serious dual pricing offer that is well defined, supported, and compliant. This is a huge cost issue for restaurants, and it puts Toast in a tough spot. Could they handle the publicity of rolling out a real dual price program?
The second issue is their lack of reporting and transparency on the payment processing. Restaurant owners know they are paying a fortune for payment processing, but Toast provides minimal transparency into how their fee structure actually works.
Watch full episodes on our CCSalesPro YouTube channel!
#payments #restaurant #POS #toast #paymentprocessing #merchantaccount #merchantsales #iso #merchantservices
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