Stax

AUGUST 26, 2024

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?

Payment Services 88

Payment Services Merchant Services Stax Payment Solutions 88

Stax

NOVEMBER 20, 2023

Small Business Saturday, or SBS, is a much-anticipated shopping event that takes place between the Black Friday and Cyber Monday holiday shopping frenzy. This day benefits local businesses since it encourages 72% of shoppers to shop and dine at small, independently-owned retailers and restaurants—not only on SBS—but year-long.

Payment Methods 88

Payment Methods Merchant Services Payment Services Stax 88

Stax

JULY 30, 2024

The modern-day merchant simply can’t afford not to accept them at their business. For perspective, US businesses paid a staggering $100.77 billion in fees for accepting Mastercard and Visa credit cards in 2023. Businesses must follow guidelines set by card networks such as American Express and Mastercard.

Merchant Services 166

Merchant Services Accept Credit Card Payments Payment Services Payment Methods 166

Stax

MARCH 18, 2025

On top of that, 69% of Americans online in 2023 said they used digital payment methods to make a purchase. As a business owner, you just cant afford to ignore these statistics. Youll be locking out a significant customer segment with high purchasing power to propel your business forward. billion transactions and $9.76

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

NOVEMBER 6, 2023

When you’re serving customers, you need to be as fast and efficient as possible—no matter how big or small your business is. Your customers are busy and so are you. Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn More What Is Mobile Payment Processing?

Merchant Services 88

Merchant Services Payment Methods Mobile Payments Payment Services 88

Stax

AUGUST 16, 2024

From $412 billion in 2021 to $591 billion in 2023, the industry has expanded by more than 140%. This helps SaaS businesses enhance their customer experiences and drive loyalty and profitability. One of the best ways for SaaS businesses to sustain growth, improve profitability, and drive innovation is to offer value-added services.

Payments 88

Payments Embedded Payments SaaS Payments Payment Solutions 88

Stax

DECEMBER 6, 2023

Businesses—especially small and medium businesses— continually seek ways to offset these expenses and improve profit margins, leading to the rise of credit card surcharging. Businesses that choose to add surcharges can either charge a fixed flat fee or a percentage of the transaction amount with a cap on the total.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

DECEMBER 6, 2024

This global reach and expertise position Worldpay to effectively help larger businesses manage their payment processing. The FIS and Worldpay Separation in 2024 Despite the high expectations following the merger, FIS announced in 2023 that it would be spinning off Worldpay into a separate company.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

JANUARY 28, 2024

This business model has now been adapted very well in the internet age, especially in the SaaS (Software-as-a-Service) and eCommerce industries. The most potent benefit of the subscription-based business model is that companies are guaranteed a fixed revenue stream—if they can retain their customers or subscribers. The alternative?

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Payment Features Payment Methods Payment Solutions SaaS Payments 88

Stax

AUGUST 1, 2024

Did you know that the delinquency rate for small businesses has reached a record high owing to inflation and declining revenues? All this can be challenging, so it’s best to partner with a surcharging expert like CardX by Stax. Surcharges allow businesses to recoup some or all of the costs of processing credit card payments.

Merchant Services 88

Merchant Services Payment Services Payment Methods Stax 88

Stax

APRIL 30, 2024

Whether you run a small online store or a major brand, accepting electronic payments is a must for all businesses. These are solutions that help you authenticate and accept payments according to your business requirements. In order to receive card-based payments, businesses need to have a merchant account.

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Merchant Services Payment Services Payment Solutions Payment Methods 88

Stax

JUNE 18, 2024

billion from its merchant services in 2023. Finance reports : [emphasis added]: “In the 2023 third quarter, Shopify’s subscription solutions revenue was $486 million, or 29% of the total $1.7 Learn More Payments Add Another Revenue Stream to Your Business First things first: revenue growth.

Payments 68

Payments Merchant Services SaaS Payments Payment Solutions 68

Stax

SEPTEMBER 17, 2024

In fact, research from 2023 shows that 69% of Americans said they’ve used a digital payment method in the past 3 months when making a purchase. And the best way for online businesses to start accepting payments is with a payment gateway. Popular payment gateways include Authorize.net, Stax, Stripe, Adyen, and Square.

Payment Services 88

Payment Services Payment Methods Merchant Services Payment Solutions 88

Stax

JANUARY 17, 2024

In Q3 of 2023, the total volume of payouts on ACH networks reached 7.8 TL;DR A payment facilitator (PayFac) is essentially a SaaS vendor or software provider that enables its users (businesses) to accept online payments from their customers through the platform itself. Let’s get started.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

JULY 25, 2024

Today, a small business is barely complete without a POS system. If you feel left out, the good news is that there’s a POS system out there ideal for your business. Whether you run a brick and mortar retail business or a multi-location restaurant, you can always find an option for every price point. How many stores do you have?

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Point of Sale Payment Methods Payment Solutions Payment Services 88

Stax

JULY 18, 2024

billion in the 2023 holiday season—a 14% increase YoY. Sign up for PayPal Business, set up PayPal Checkout, and enable dynamic messaging, or simply leverage Stax’s PayPal integration. For others, here’s a step-by-step guide to setting up Pay Later: Sign up to PayPal Business. Set up PayPal Checkout.

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PayPal Payment Methods Merchant Services Payment Services 88

Stax

MARCH 21, 2024

billion in 2023 and is projected to cross $250 billion this year. SaaS business applications are web-based, which means that they are hosted on cloud infrastructure. Because of their many benefits, businesses have realized the need for implementing SaaS payments as well. tokenization, encryption).

SaaS Payments 88

SaaS Payments Payment Services Payments Payment Methods 88

Stax

JANUARY 31, 2024

So it’s virtually impossible for a business to not accept Visa cards. The Visa interchange fee increases occurring in both October 2023 and April 2024 are expected to cost an additional $502M in yearly fees for all relevant merchants. Industry: The type of business also affects interchange rates. cards currently in use.

Payment Services 88

Payment Services Merchant Services Payment Methods Accept Credit Card Payments 88

Stax

MARCH 4, 2024

In 2023, the cost of fraud to online businesses was $48 billion globally, according to Mastercard. A secure payment gateway is one of the main ways merchants can protect their business and customers. Fraud and chargebacks also cause significant losses for businesses. Let’s talk about the “F” word—fraud.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Features 88

Stax

NOVEMBER 15, 2023

The Anatomy of Credit Card Processing Fees Let’s break down the nitty-gritty of credit card processing fees—because understanding where your hard-earned money goes when you accept card payments is crucial for any business owner, especially one of a small business. Interchange fees First off, you’ve got interchange fees.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

JANUARY 22, 2024

That’s the value of eCommerce transactions that took place in 2023 in the U.S. Each day, it becomes increasingly crucial for every business to accept online payments in order to remain competitive and avoid being left behind. That’s not a typo; we’re talking about a trillion with a T.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

AUGUST 29, 2024

The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. The question is: how do payment service providers work and how can you choose the right one for your business? Read on to find out.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

FEBRUARY 15, 2024

FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. The writing on the wall is clear—businesses need to start accepting digital payments and software providers need to start offering payment services one way or another.

Payment Services 88

Payment Services Merchant Services SaaS Payments Payment Methods 88

Stax

JANUARY 24, 2024

We’re going to dive further into recent announcements about QuickBooks Desktop and what this means for users, and what businesses should consider as their next move. However, it’s worth noting that Intuit has been steadily discontinuing versions of Desktop as far back as 2018 (QuickBooks Desktop 2020 was discontinued on May 31st, 2023).

Payment Solutions 88

Payment Solutions Payment Features Payment Services Payment Methods 88

Stax

APRIL 2, 2024

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. At upwards of 3.15% plus ten cents in interchange fees, these extra fees cost a pretty penny.

Merchant Services 88

Merchant Services Payment Methods Payment Services Accept Credit Card Payments 88

Stax

MAY 30, 2024

Since you want customers who come back for repeat business, it’s essential to implement some best practices for your field service operations. Learn More Understand the Target Market Any business that often dispatches its mobile workforce or technicians to its clients is a potential FSM software client.

Payment Solutions 88

Payment Solutions Payment Services Merchant Services SaaS Payments 88

Stax

JANUARY 24, 2024

What makes this pricing strategy so appealing to businesses? Dynamic pricing enables businesses to capture the highest possible value for a product or service at any time of day, week, or year. So, how does dynamic pricing work, and what do businesses need to be aware of when implementing it?

Payment Methods 88

Payment Methods Pricing Airlines Payment Solutions 88

Stax

AUGUST 20, 2024

TL;DR Embedded finance integrates financial services into non-financial business processes, while embedded fintech integrates fintech solutions into the processes of an institution in the finance industry. This infrastructure helps businesses provide financial solutions, such as digital payments, directly on their websites or mobile apps.

Payments 88

Payments Payment Methods Merchant Services Finance 88

Stax

JUNE 1, 2024

It’s no secret that a well-functioning website is crucial to running a successful business. As online commerce becomes more competitive, a website forms the first point of contact between a business and potential customers. This provides plenty of room for businesses that are experiencing fast growth. Let’s dive in!

Business 88

Business Pricing Customer Support Web Development 88

Stax

SEPTEMBER 24, 2024

Customers who walk into your business or order your products or services have many expectations. In addition, contactless and digital payment options, such as debit and credit cards, only increase the financial burden for businesses like yours. In 2023, card brands in the U.S. One of them is multiple payment options.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

JUNE 11, 2024

In 2023, cash accounted for 12% of POS system transactions and only 1% of all eCommerce transactions in the US. However, card purchases bring in extra costs for business owners (e.g., However, card purchases bring in extra costs for business owners (e.g., This streamlines purchases and reduces the risk of theft.

Merchant Services 68

Merchant Services Payment Methods Payment Services Payment Solutions 68

Stax

JUNE 27, 2024

As a business owner, you engage in many daily transactions, from receiving customer payments to paying your bills and suppliers. According to a 2023 study by Forrester , 69% of online adults in the US said they’d used electronic payments at least once in the past three months. Brainy Insights valued the digital payments market at $102.60

Payment Methods 88

Payment Methods Payment Services Merchant Services SaaS Payments 88

Stax

DECEMBER 13, 2023

Even though they’re one of the most popular payment options today, accepting credit cards at your business can turn out to be a significant expense. Merchant service providers help businesses connect with these credit card networks and offer the necessary hardware and software to process credit card payments.

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Merchant Services Payment Methods Payment Services Accept Credit Card Payments 88

Stax

DECEMBER 2, 2024

This trend is poised to continue, with a survey from the consultancy CMSPI finding that cost reduction is the top payments priority for 60% of businesses. CardX by Stax performs legislative monitoring in all 50 states and engages with lawmakers where necessary in order to keep our merchants and partners on the right side of new requirements.

Merchant Services 68

Merchant Services Stax Payment Methods Payment Services 68

Stax

DECEMBER 9, 2024

If chargebacks start mounting up, this is bad news for your business. According to the federal Fair Credit Billing Act , consumers can dispute a charge in the case of billing errors and the failure of a business to render goods or services as described. However, a high number of chargebacks has significant implications for businesses.

Merchant Services 88

Merchant Services Payment Services Payment Methods Software Review 88

Stax

OCTOBER 21, 2024

Accepting credit card payments at your business is a surefire way of increasing customer satisfaction and retention. Over 80% of American adults owned at least one credit card in 2023. Credit card processing fees can add up quickly and affect your business’s bottom line. Don’t believe it? Here are the numbers to prove it.

Payment Services 88

Payment Services Merchant Services SaaS Payments Payment Methods 88