POS provider Lavu join forces with PayPal
Lavu Inc., a provider of iOS-based mobile point-of-sale products for restaurants and bars, has selected PayPal to bring payment processing of EMV or traditional swipe credit and debit card payments to restaurants, bars, food trucks, and other food and beverage businesses nationwide.
PayPal will now be available to Lavu's extensive portfolio of restaurants, bars and food trucks, according to a press release. Additionally, Lavu said it can offer restaurant and bar owners EMV payment processing that is integrated with a clear and transparent pricing structure within its POS software with no hidden fees.
"Restaurant and bar owners are focused on operating profitable businesses, but the current options for processing customer payment transactions can be extremely confusing. Often, these payment processing transactions result in restaurant owners paying 4-5 percent of customers’ bills in payment processing fees," said Mirza Baig, chairman of Lavu. "We've worked with PayPal to introduce pricing for payment processing that significantly reduces these fees in a way that is both more transparent and easy to understand."