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. Benefits of using a payment gateway include a simplified purchasing experience for customers, increased operational efficiency, and PCI compliance. What Is a Payment Gateway Account?

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 The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. Put simply, choose your PayFac with your business needs in mind.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

MARCH 4, 2024

In 2023, the cost of fraud to online businesses was $48 billion globally, according to Mastercard. Ultimately, PCI DSS compliance helps prevent fraudulent transactions, mitigates data breaches, cultivates customer trust and protects your business. Check and audit for payment security Regularly do security audits and compliance checks.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Features 88

Stax

DECEMBER 6, 2023

Credit card surcharging is subject to regulations and compliance requirements that vary by region and country. Service providers such as CardX by Stax help companies offset some of these fees in a compliant and seamless way. Learn More What is Credit Card Surcharging? What is a Credit Card Surcharge Fee?

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

NOVEMBER 15, 2023

Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards. Surcharging ensures cost recovery but requires compliance with regulations and customer education for long-term success.

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. The PayFac benefits the acquiring bank by assuming the risk for a large number of smaller merchants, continuously monitoring merchants for security and compliance, and ultimately reducing the burden on the bank. Gateway or Facilitator: What’s the Difference?

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

JANUARY 31, 2024

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. Compliance and Regulation: Changes in regulations or compliance requirements can also influence interchange rates. The first occurred in October 2023.

Payment Services 88

Payment Services Merchant Services Payment Methods Accept Credit Card Payments 88

Stax

MARCH 21, 2024

billion in 2023 and is projected to cross $250 billion this year. Security and compliance SaaS providers put a lot of effort into protecting their applications as well as business data. This is where Stax Connect came in. And what delighted them was Stax’s extended support that went above and beyond the usual scope.

SaaS Payments 88

SaaS Payments Payment Services Payments Payment Methods 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. In the ISO model, an ISV partners with a third party that handles merchant account setup, payment processing, risk, and compliance.

Payment Services 88

Payment Services Merchant Services SaaS Payments 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. If you want to ensure total surcharge compliance, make sure your provider is a leading expert in the field so you can leave it up to them.

Merchant Services 88

Merchant Services Payment Methods Payment Services Accept Credit Card Payments 88

Stax

AUGUST 20, 2024

Some challenges and considerations of embedded finance and fintech involve regulatory and compliance issues, data privacy and security, and stiff competition. Besides, these licenses aren’t easy to obtain since they have strict compliance requirements. billion in 2023 and is expected to grow at a CAGR of 32.8% from 2024 to 2030.

Payments 88

Payments Payment Methods Merchant Services Finance 88

Stax

AUGUST 29, 2024

Compliance and security Your PSP is responsible for ensuring that sensitive customer financial data is securely encrypted and stored according to the standards and regulations of the industry, such as PCI DSS (Payment Card Industry Data Security Standard). Some PSPs even impose limits on transaction volume.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

SEPTEMBER 24, 2024

In 2023, card brands in the U.S. You must also ensure compliance with card network regulations. Compliance – Cash discount programs are regulated under various legislations. Your provider should be able to reprogram your payment hardware and software, create a robust cash management strategy, and ensure compliance.

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. cost of processing, merchant service fees, and additional fees like chargeback fees, compliance fees, equipment fees, monthly fees, etc.) This streamlines purchases and reduces the risk of theft. that cut into profit margins.

Merchant Services 68

Merchant Services Payment Methods Payment Services Payment Solutions 68

Stax

MAY 30, 2024

Stax Connect ticks all of these boxes. On top of providing all the tools users need to accept payments, we also ensure security and compliance in all payment transactions. According to Zendesk CX Trends Report 2023 , 72% of customers want immediate service and 64% of them will spend more if you resolve their issues where they are.

Payment Solutions 88

Payment Solutions Payment Services Merchant Services SaaS Payments 88

Stax

JULY 25, 2024

For example, you can integrate your POS system with a payment processor like Stax Payments and enjoy fair payment processing rates, third-party app integration, and comprehensive reporting. Security and Compliance When it comes to POS security, most business owners only think of lockable cash registers.

Point of Sale 88

Point of Sale Payment Methods Payment Solutions Payment Services 88

Stax

DECEMBER 13, 2023

So make sure to follow all rules related to the placement, content, design, and compliance of your signage. Understanding Credit Card Surcharges Card networks not only help businesses process credit card payments but they also regulate the industry by establishing surcharging rules and maintaining compliance.

Merchant Services 88

Merchant Services Payment Methods Payment Services Accept Credit Card Payments 88

Stax

JUNE 27, 2024

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. However, coordinating intercountry ACH-like networks and upholding them to the same regulation and compliance standards is challenging. billion in 2022 and estimated it to reach $510.30

Payment Methods 88

Payment Methods Payment Services Merchant Services SaaS Payments 88

Stax

DECEMBER 9, 2024

billion in 2023 , an uptick that can be partly explained by the global boost in online sales caused by the COVID-19 pandemic. It’s estimated that 61% of chargebacks issued in North America by 2023 will be due to incidences of friendly fraud. However, they’re fast becoming a much bigger problem for merchants.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88