Whether stopping by your liquor store for a gift-worthy bottle of wine or a smooth spirit to complement their cocktail, your customers know exactly what they want.
And when it comes to choosing a payment processing partner for your liquor store, you should too.
In this blog, we’ll explore everything you need to know about liquor point of sale (POS) credit card processing, including three essential factors and the three top providers to consider.
Cheers to secure, speedy checkouts!
Liquor POS Credit Card Processing Checklist
Just like a delicious cocktail depends on the perfect spirit, you need a reliable payment processing solution to keep your liquor store running smoothly.
Your liquor POS credit card processor plays a key role in your store’s operations. It shapes the checkout process, processes sales transactions quickly and securely, and boosts customers’ trust in your business.
That’s why we recommend a thorough research process to help you find the perfect liquor POS credit card processor for your store. Let’s take a look at the three most important factors to keep in mind throughout your search.
Speed
A fast payment processor leads to shorter checkout lines and happier customers, so speed should be one of your top priorities when looking for the right liquor POS system.
Let’s look at what sets speedy processors apart from sluggish ones.
- Full POS integration: Your POS and payment processing software should integrate seamlessly, eliminating clunky manual price entry and preventing checkout errors.
- Support for multiple payment types: Your POS system should accept various payment types, including cash, debit, credit, and mobile wallets.
- Contactless pay: Your payment processing solution should include contactless payment technology for a faster, more secure checkout experience.
These features will keep your checkout lines moving and make shopping at your liquor store convenient for customers.
Security
Your customers trust you to handle their sensitive financial information with care — which is why you need to partner with a liquor POS credit card processor that you can trust.
Your payment processing provider should be fully committed to protecting your customers’ financial data and reducing the risk of fraud. Here’s what to look for in a security-focused payment processor.
- PCI compliance: Your processor should comply with the Payment Card Industry Data Security Standard (PCI DSS), a global set of requirements designed to protect consumers’ financial data.
- Automatic updates: Your POS and payment processing software should automatically update to ensure you and your customers are always protected by the latest technology.
- Liquor industry experience: As a liquor store owner, you have to navigate the complex laws surrounding alcohol sales. Your payment processor should be able to support and help you understand and comply with these regulations.
Partnering with a trustworthy, reliable payment processor will give you and your customers peace of mind.
Cost
Payment processors generally charge a small fee for each transaction that takes place in your liquor store. As your business grows and you make more sales, these fees will become a significant operating expense.
That’s why cost should be top of mind as you search for the right liquor POS credit card processor. Here’s how to find a provider that meets your budget requirements.
- Compare rates: Shop around and negotiate with different providers to find the best payment processing rate for your liquor store. Providers usually offer the best deals if you invest in their integrated POS software and hardware.
- Thoroughly research fees: Along with transaction fees, processors might charge setup and maintenance fees. Check the terms of your contract to learn about potential cancellation fees.
- Consider dual pricing: To keep payment processing expenses low, consider implementing a dual processing model to incentivize customers to pay with cash rather than a credit card.
These tips will help you minimize payment processing expenses while partnering with a fast, reliable provider.
Related Read: Managing Dual Pricing: Credit Card Processing Tools for Liquor Stores
3 Liquor POS Credit Card Processors To Consider
Finding a liquor POS credit card processor that checks the right boxes is no easy feat, but we’re here to help.
To get you started on your search, we’ve curated this list of our three favorite liquor POS credit card processors.
1. Spirits POS: A Flexible Solution
First on our list is Spirits POS, a liquor POS system designed by Atlantic Systems, Inc. Spirits POS helps liquor store owners manage inventory, build customer relationships, and stay compliant with liquor industry laws.
Along with these features, Spirits POS includes integrated credit card processing.
We’ve included them because they offer freedom and flexibility. You can choose from over ten different processing partners that Spirits POS works with, ensuring you get the best deal.
2. Bankcard USA: A Standalone Option
If you already love your liquor POS system and are just looking for a new payment processor, check out BankCard USA.
This provider offers specialized payment processing options for liquor stores — including brick-and-mortar businesses and online liquor stores.
Along with accepting popular payment types like credit, debit, and contactless payment, BankCard USA also offers top-shelf support to help you prevent fraud, stay compliant with alcohol regulations, and POS software integration.
3. Bottle POS: The Best Option for Liquor Stores
Searching for an all-in-one liquor POS and payment processing solution? Bottle POS is our favorite option.
Our POS software includes everything you need to run an efficient and profitable liquor store, including specialized inventory management tools, a built-in customer loyalty program, secure age verification, and more. Plus, we offer seamlessly integrated payment processing to keep your business and customers safe during the checkout process.
We offer unique pricing options to meet every liquor store’s needs and budget, so check out our build and price tool for an instant quote.
Enjoy Top-Shelf Liquor POS Credit Card Processing
When it comes to liquor POS credit card processing, don’t settle for less than the best.
Bottle POS is designed to be the perfect POS and payment processing solution for liquor stores just like yours. Our software includes all the features you need to keep your shelves perfectly stocked with the right spirits, customers happy, and profits high. Our payment processing solution includes flexible rate options and dual pricing to keep your costs as low as possible.
Ready to see how Bottle POS can help you become your neighborhood’s favorite liquor store? Schedule your personalized demo with one of our liquor industry experts today.
