According to the National Restaurant Association, there are over one million restaurants in the United States alone, serving more than 100 billion meals per year. Each of these meals is typically accompanied by a paper check, which contains information about the meal, the total cost, and any applicable taxes and tips. With the average check processing time standing at a staggering 9.5 minutes, not only does this waste time but it adds up to a significant amount of paper waste over time.
In addition to the environmental impact, the use of paper checks also has a financial cost. Restaurants must purchase paper, ink, and other supplies in order to print checks, as well as pay for the equipment needed to process credit card transactions. These costs can add up quickly, particularly for small businesses that may not have the resources to invest in expensive technology.
With Tabbed's innovative solution, all of these issues are eliminated. By using the Tabbed app, customers can open and close tabs without the need for a physical check. All transactions are charged to the user's preferred payment method, eliminating the need for paper receipts and reducing the risk of lost or misplaced checks.
This has a direct impact on the environment. According to the Environmental Protection Agency, paper accounts for 25% of landfill waste and 33% of municipal waste. By eliminating paper checks, Tabbed is helping to reduce this waste and minimize the impact on the environment. Additionally, by reducing the amount of paper used, restaurants can reduce their carbon footprint and contribute to a more sustainable future.
In addition to the environmental benefits, Tabbed's solution also has significant financial benefits for restaurants. By reducing the amount of time and resources needed to process payments, restaurants can increase efficiency and profitability. With the average check processing time standing at 9.5 minutes, this adds up to a significant amount of time that servers and staff could spend on other tasks, such as serving customers or preparing food.
Moreover, Tabbed's service fee covers the credit card processing fees for the restaurants and even reimburses any chargebacks that come through its app. This means that restaurants can avoid the high costs associated with traditional payment processing methods, such as credit card fees and chargebacks.
In conclusion, Tabbed's revolutionary payment solution has the potential to not only increase efficiency and profitability for restaurants, but also contribute to a more sustainable future. By eliminating the need for paper checks, restaurants can reduce waste, minimize their environmental impact, and streamline the payment process. With the restaurant industry facing a shortage of staff and increasing competition, innovative solutions like Tabbed will become increasingly important for success in the industry.
