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To the incredible Stax community: allow us to take a moment to recognize a milestone that we are extraordinarily proud of—our 10th anniversary. Sprinkled throughout this article are quotes from some of Stax’s long-standing employees, because who better to tell the company’s story than the people who help make it happen?
There’s no question that cashless payment systems and digital payment adoption have accelerated over the last few years. In 2019, 77% of US consumers were using at least one type of digital payment system. Solutions providers like Stax integrate with a range of solutions to enable merchants to go mobile.
Once customers sign up with any of the major card networks, they only need to tap the Click to Pay button on the websites of online retailers and service providers to make payments. This is to ensure customers can easily find the button when evaluating payment options on your site. Your provider should help with this.
Setting up ACH payments is easy with a great merchant account service like Stax. Learn More ACH Payment Versus Check Payments: What’s The Difference? Simply put, check payments are the analog version of ACH transfers. The same study indicates a 72% increase in account takeover since 2019.
In June 2019, Fidelity National Information Services ( FIS ) acquired Worldpay in a massive $35 billion deal, making it the largest financial technology merger at the time. This acquisition allowed FIS to leverage Worldpays payment processing capabilities , further strengthening its merchant solutions division.
During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. Between 2019 and 2020, the number of U.S. consumers using two or more types of digital payment methods increased by 8%.
Online Merchant Accounts Process payments for online businesses eCommerce websites, marketplaces, mobile apps Securepayments, fraud prevention, payment gateway integration PCI DSS compliance, multi-currency, recurring billing. Features eCommerce, in-person, and mobile payments all in one U.S.-based
In 2015, many merchants switched to NFC-enabled terminals; by 2019, most banks were issuing contactless cards. Full-service POS and credit card payment providers Full-service providers like Stax offer complete POS solutions and backend payment processing, which are essential to accepting contactless payments.
The Benefits of Merchant Services for Small Businesses Payment complexities can be a stumbling block for thriving SMBs. Heres how merchant service providers like Payment Depot by Stax can help in terms of efficiency, security, and cost savings. Invoicing and billing solutions.
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