Taking cards in your new Denver business, sorted out early

Whether you are opening a restaurant, a shop, a salon, or a service business in Denver, here is what to plan for with payments and point of sale, what paperwork to gather, and what to ask before you sign with any processor.

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What to get right

Equipment that fits how your business actually runs

Start with how customers will pay you, then choose hardware and software around it. A Denver restaurant needs tip adjustment, split checks, and a way to keep tables turning, often with handheld or tableside payment. Retail needs inventory tracking, barcode scanning, and a clean process for returns and exchanges. Salons and spas need appointment booking, deposits for no-shows, and tips tied to each stylist. Service businesses that work on site need mobile card readers, invoicing, and the ability to take payment over the phone or online. Qualifying merchants receive free terminals and POS hardware with no upfront cost.

Paperwork ready before you apply

A merchant account application goes faster when you have the basics in hand: your registered business entity, your EIN, a business bank account for deposits, and a government-issued ID for each owner. Register your business with the Colorado Secretary of State, and check with the City and County of Denver about any local business licenses your type of business may need. Requirements depend on what you do and where you operate, so confirm directly with those offices.

Pricing you can read line by line

Processing costs are easy to overlook while you are focused on build-outs and hiring. Ask for pricing you can understand. With interchange-plus pricing, you pay the card networks' actual cost plus a fixed margin, so you can see exactly what goes to the networks and what goes to your processor. If you want to eliminate processing cost, a cash discount program is also available; check current Colorado rules on how it must be presented to customers.

Software that connects to the rest of your business

Your POS should not be an island. If you sell online, track customers, or manage accounting and inventory in other systems, look for integrations that keep everything in sync. TouchSuite's ERP, CRM, and e-commerce integrations are included at no monthly fee with a TouchSuite merchant account.

How it works

  1. Talk through your business. Tell us what you are opening in Denver, how you expect customers to pay, and what systems you already use. If you have run a business before, send us your most recent processing statement and we will show you, line by line, what you are paying and beat it, or tell you honestly that we cannot.
  2. Choose your setup. Together we pick the terminals, POS software, and integrations that match your business type, whether that means tableside payments, inventory and returns, appointment deposits, or mobile invoicing.
  3. Submit your application. Provide your business entity details, EIN, business bank account, and owner ID. Having these ready keeps the review moving. Plan this step a few weeks before opening so payments are not the thing holding up your launch.
  4. Start taking payments. Most merchants are processing within 24 to 48 hours of approval. Use the time before opening day to run test transactions, train staff, and set up tips, taxes, and receipts the way you want them.

Questions to ask a processor

What pricing model will I be on, and can I see the breakdown?

Ask any processor this directly. With interchange-plus pricing, you pay the card networks' actual cost plus a fixed margin, and your statement should show both clearly. If a quote is hard to understand, ask for it in writing and line by line.

Am I locked into a contract?

Find out the term and what happens if you leave before you sign anything. TouchSuite accounts are month-to-month, and you can cancel anytime with no fees.

How long until I can accept cards?

It depends on how complete your application is. Have your entity registration, EIN, bank account, and ID ready. With TouchSuite, most merchants are processing within 24 to 48 hours of approval.

Will the POS handle the specifics of my business?

Ask to see the features you will use every day: tip adjustment and split checks for restaurants, inventory and returns for retail, appointments and deposits for salons, invoicing and mobile payments for service businesses. Do not assume; ask for a walkthrough.

Do integrations with my other software cost extra?

Many providers charge for connecting your POS to accounting, CRM, or online store software, so ask. With a TouchSuite merchant account, our ERP, CRM, and e-commerce integrations are included at no monthly fee.

Is there a way to reduce or eliminate processing cost?

Some processors offer a cash discount program. TouchSuite offers one if you want to eliminate processing cost. Before using it, confirm current Colorado and local rules on how pricing must be displayed to customers.

Get payments sorted before opening day

Tell us about the business you are opening in Denver and we will help you plan the right equipment, software, and pricing. Already processing somewhere? Send your most recent statement and we will show you, line by line, what you are paying and beat it, or tell you honestly that we cannot.

An email or a phone number is enough.

Book a call

TouchSuite · 800-793-3250 · Month-to-month, cancel anytime, no fees.