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What Is an ACH Payment Facilitator?

Stax

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA). Let’s get started.

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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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Payment Facilitator vs Payment Gateway: Key Differences and Similarities

Stax

That’s the value of eCommerce transactions that took place in 2023 in the U.S. In a world where we’re spending more and more time online and every click is a potential transaction, it’s no surprise the eCommerce and digital payments sectors are experiencing exponential growth. alone, according to a report from Insider Intelligence.

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Webinar Recap: The Road to SaaS Success: Accelerating Growth Through Embedded Payments

Stax

The SaaS market has witnessed rapid growth in recent times. From $412 billion in 2021 to $591 billion in 2023, the industry has expanded by more than 140%. After years of unbridled growth, SaaS companies are moving away from a “growth at all costs” mindset to “responsible growth.” The demand for embedded payments is huge.

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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

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.

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What Makes Payments-Led Growth Winning Strategy for SaaS?

Stax

Aside from providing excellent SaaS solutions to their users, Shopify, Mindbody, and Etsy are just a few examples of companies that have used payment processing to fuel (at least some of) their growth. billion from its merchant services in 2023. Consider Shopify, which has generated $1.2

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The Benefits of SaaS and Implementing SaaS Payments

Stax

Research shows that the global software-as-a-service (SaaS) industry was valued at $248.76 billion in 2023 and is projected to cross $250 billion this year. As such, the advantages of SaaS offerings can’t be easily overlooked. In this article, we’ll explore the many benefits of SaaS and how to implement SaaS payments.