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What is a Payment Processing System and How Does It Work?

Stax

According to the US Federal Reserve in 2022, general-purpose card payments reached $153.3 Examples of modern digital payment processing systems include online payment gateways, digital wallets, QR code payments, and cryptocurrencies. billion transactions and $9.76 trillion in value.

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Stax Celebrates 10 Years: Looking Back at a Decade of Growth and Payment Innovations

Stax

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?

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How to Evaluate Charity Payment Solutions for Non-Profit Software Companies

Stax

Almost $500 billion dollars —that’s how much Americans donated in 2022. While previously many nonprofits only had the option to use payment processors like PayPal, Stripe, or Square, there’s been a shift towards independent software vendors (ISVs) that offer integrated payments.

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A Primer on Simple Mobile Payments for Small Business: What Merchants Need to Know

Stax

Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn all about mobile payments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ productivity. According to Statista, in 2022, there were 2.8

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5 ISV Partner Program Considerations SaaS Companies Should Keep in Mind

Stax

An ISV partner is a software vendor that partners with an ISV and provides additional services or technology. In this article, we’ll explore key aspects software service providers must consider when navigating an ISV partner ecosystem. Regular reviews provide opportunities for you to make adjustments based on performance data.

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The 12 PCI DSS Requirements to Ensure PCI Compliance

Stax

A study by the Pew Research Centre found that in 2022, 41% of consumers didn’t use cash for weekly purchases of essentials like groceries and gas. In 2022, 31% of all payments were made using credit cards. Stax is 100% PCI compliant, which makes it the perfect solution for all your payment processing needs.

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Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

Typically, the merchant’s payment processing software will build the credit card processing rates into their fee. If approved, the issuing bank sends an authorization code back through the same channels. Step 3: Settlement With the authorization code in hand, the merchant proceeds with the transaction. to 2.54% + $0.10