Stax

JUNE 13, 2024

It encourages your buyers to opt for cash or check instead of cards, and given that businesses spent $160 billion on credit card processing fees in 2022 , cash discounting can help you save lots of money by passing along the costs to customers or avoiding it entirely.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Solutions 88

Stax

APRIL 18, 2024

However, 2020 and 2021 have been exempt from these changes, which are paused until April 2022 , giving merchants some respite from the financial stress of the pandemic. Payment Processor Pricing Models Payment processors work under four different pricing models: 1. The benefit of flat-rate pricing is its predictability.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

JANUARY 28, 2024

Successfully implementing subscription billing requires a strategic approach, including choosing the right pricing strategy, selecting a comprehensive billing solution, and managing customer payment information efficiently. First, the customer chooses the pricing plan that fits their needs. What is Subscription Billing?

Payment Features 88

Payment Features Payment Methods Payment Solutions SaaS Payments 88

Stax

MAY 7, 2024

trillion in the US in 2022, accepting card payments is no longer a question of whether to, but how to. This pricing model charges based on the rates of the interchange fees at that specific moment, plus a markup fee that goes to settle the processor’s processing costs. per transaction is based on the interchange-plus pricing model.

Merchant Services 88

Merchant Services Payment Services Payment Methods Accept Credit Card Payments 88

Stax

JULY 5, 2024

Did you know that credit cards accounted for 31% of all payments in 2022? A cash discount program offers reduced prices to customers who pay by cash instead of credit or debit cards. In a non cash adjustment program (NCA), this surcharge is worked into the listed price of products. What is a listed price or regular price?

Merchant Services 68

Merchant Services Payment Methods Point of Sale Stax 68

Stax

NOVEMBER 20, 2023

billion in US consumer-reported spending in 2022. Create packages of complementary products at a discounted price to offer value and convenience. E.g., a “Family Movie Night Bundle” that includes a DVD, popcorn, and candy at a reduced price. Make this year’s Small Business Saturday effortless with Stax. Bundle deals.

Payment Methods 88

Payment Methods Merchant Services Payment Services Stax 88

Stax

APRIL 2, 2024

In 2022, industry data shows that credit card companies earned a whopping $126.4 And with merchants expected to pay as much as $502 million extra after price hikes in 2023 and 2024, these fees are shooting up faster than the transaction amounts spent on purchases. Contact us to get started with CardX by Stax today.

Merchant Services 88

Merchant Services Payment Methods Payment Services Accept Credit Card Payments 88

Stax

JANUARY 10, 2024

According to Capital One, global credit card transactions in 2022 reached an estimated 678 billion —an average of 1.86 Choose the right pricing model A lack of transparency over how processing costs are calculated can cause merchants to spend more than is necessary on processing credit card transactions. billion every single day.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Facilitation 88

Stax

FEBRUARY 15, 2024

According to the Pew Research Institute , in 2022, a whopping 41% of Americans said they don’t use cash at all for any of their weekly purchases—a significant jump from 29% in 2018. The world is increasingly moving towards becoming cashless and there are numbers to prove it. Contact us today for a consultation and learn how we can help.

Payment Services 88

Payment Services Merchant Services SaaS Payments Payment Methods 88

Stax

JANUARY 15, 2024

Swipe fees have doubled in a decade and increased by 20% since 2022. Implementing surcharging involves analyzing pricing strategy impact, communicating policies effectively to customers, and reviewing technical considerations, including cybersecurity measures. How price-sensitive are they? Price transparency.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

NOVEMBER 8, 2023

A 2022 survey by the Pew Research Centre found that 41% of consumers don’t use cash for weekly purchases like gas, meals, and groceries. While some of these are unavoidable, businesses need to research various fees and pricing models (e.g., CardX, which was acquired by Stax in 2021, has an automated surcharging platform.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

FEBRUARY 19, 2025

As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses. That means with the Stax API, your corporation can integrate Stax payment processing for ISV and data into an existing application or system. Whats the value of an API?

Payments 88

Payments Merchant Services Payment Services Payment Solutions 88