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. While you can’t avoid the rate hikes, there are strategies and resources available to help merchants mitigate the impact. The first occurred in October 2023.

Payment Services 88

Payment Services Merchant Services Payment Methods Accept Credit Card Payments 88

Stax

NOVEMBER 15, 2023

This variety means there are strategies you can use to lower your overall costs associated with credit card transaction processing. This strategy offers transparency and allows businesses to maintain their profit margins while offsetting the cost of processing card payments. As of 2023, the average interchange rate is 0.3%

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

JANUARY 28, 2024

When you’re offering a product or service that renews at regular intervals, having a billing strategy that aligns with this unique offering is vital. According to a report published in 2023 by the subscription management platform Zuora , the subscription economy grew by 12% in 2022 compared to 10.6% by S&P 500 companies.

Payment Features 88

Payment Features Payment Methods Payment Solutions SaaS Payments 88

Stax

JANUARY 24, 2024

What makes this pricing strategy so appealing to businesses? Together, these strategies have paved the way for more sophisticated and responsive dynamic pricing systems, which use machine learning to make thousands of pricing decisions per minute. This is where Stax comes in. Prices may shift down or up at a moment’s notice.

Payment Methods 88

Payment Methods Pricing Airlines Payment Solutions 88

Stax

MAY 30, 2024

That’s why you need to have a robust marketing strategy. Stax Connect ticks all of these boxes. 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

JUNE 11, 2024

In 2023, cash accounted for 12% of POS system transactions and only 1% of all eCommerce transactions in the US. TL;DR A cash discount program is a pricing strategy in which businesses offer customers a discount on the posted price of an item if they choose to pay by cash. This streamlines purchases and reduces the risk of theft.

Merchant Services 68

Merchant Services Payment Methods Payment Services Payment Solutions 68

Stax

SEPTEMBER 24, 2024

In 2023, card brands in the U.S. Your provider should be able to reprogram your payment hardware and software, create a robust cash management strategy, and ensure compliance. If yours can’t, consider CardX by Stax. Also, choose various strategies to communicate the cash discount to your customers.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

JULY 25, 2024

Or maybe you want one with customer management features to help you with personalized marketing strategies. 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. How many stores do you have?

Point of Sale 88

Point of Sale Payment Methods Payment Solutions Payment Services 88

Stax

JUNE 1, 2024

In June 2023, Squarespace announced its intent to purchase domain registrations and accounts from Google, meaning existing domains purchased from Google Domains will be migrated to and managed by Squarespace. Furthermore, finding the best domain registrar is not a set-and-forget strategy.

Business 88

Business Pricing Customer Support Web Development 88

Stax

DECEMBER 2, 2024

In 2023, the FTC under Chair Lina Khan drafted a rule that would ban junk fees , but whether the FTC moves forward with this rule after the November 2024 presidential election is in question. Jonathan Razi is the founder of CardX and an advisor to Stax Payments. The Minnesota law will go into effect on January 1, 2025. Supreme Court.

Merchant Services 68

Merchant Services Stax Payment Methods Payment Services 68

Stax

OCTOBER 21, 2024

Over 80% of American adults owned at least one credit card in 2023. Three-tiered pricing (or tiered pricing) is a popular strategy several payment processing companies use—not to be confused with the tiered pricing models (volume-based pricing, usage-based pricing, feature-based pricing, subscription-based pricing, etc.)

Payment Services 88

Payment Services Merchant Services SaaS Payments Payment Methods 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 Software Review 88