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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?
Some others, including Stax, offer subscription-style processing that gives you access to the lowest rates of interchange. Stax’ subscription pricing starts at just $99 per month. CardX by Stax is the leader in automated surcharging compliance and can help your business implement passing on these fees properly.
This is where partnering with a payment processing provider like CardX by Stax can be especially useful. The law became effective on July 1, 2024. However, the laws related to surcharging change frequently so partnering with a payment processor like CardX by Stax can help you remain compliant. To learn more, contact us today.
Since we’ve spoken a lot about credit card processing before, today we’ll take a look at how to find the best credit card processor for your SMB in 2024. Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate. But to do most of that, you need to have a credit card processor.
A recent report by Alignable found that 43% of SMBs couldn’t pay rent—on time and in full—in April 2024. All this can be challenging, so it’s best to partner with a surcharging expert like CardX by Stax. That’s why it helps to work with companies like CardX by Stax that can help you comply with all regulations.
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. Visa had put off interchange rate changes during the pandemic years, so they’ve been introducing changes in two phases, with the second wave of updates coming in April 2024.
Fast forward to now where much has changed, and research anticipates contactless mobile payments to exceed one billion users globally by 2024. There are many options available that plug into existing smartphones and tablets , such as the Swipe Simple B250 Reader available from Stax , to solve this problem effectively.
When it comes to payments,partnering with an ISV like Stax Connect is a great way for companies to go to market with their own payment platform. “We found what we were looking for with Stax,” says Elena Battles, Director of Customer Experience.”
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. This decision was finalized in 2024, marking the official separation of Worldpay from FIS.
Stax is one card payment processor that uses this pricing model. Generally, the payment processor that uses the membership-based pricing model, like Stax Payments, is ideal for small businesses that want to pay monthly or annual fees without having to worry about the payment processor eating into profits.
In this article, we will explore the fundamental aspects businesses must consider when selecting a savings account and which business savings accounts should be up for assessment in 2024. TL;DR Savings can be a financial buffer and a strategic asset. It can also extend beyond the safekeeping of funds to be a growth catalyst.
This is where Stax comes in. With Stax, you can use any payment type and integrate essential tools to grow your business. As AI becomes more advanced, we can expect to see much more targeted approaches to dynamic pricing become the norm. With our payments-as-a-service pricing businesses know what they are paying and when.
mPOS solutions are the superpower for small businesses in 2024. Some may still want to allow magstripe card payments, but near-field communication (NFC) compatibility is non-negotiable for 2024 and beyond. And they come with many powerful business solutions, from real-time data access to invaluable inventory management capabilities.
That’s the estimated number of iPhone users as of 2024. According to Statista , in 2024, 60% of consumers have use Apple Pay at the point of sale (in physical locations) while 38% use it online. See how Stax can help. Research from TechReport shows “507 million global Apple Pay users, of which the US accounts for 45.4
TL;DR Intuit has announced the discontinuation of QuickBooks Desktop 2021 by May 31, 2024, and will stop selling certain subscriptions of QuickBooks Desktop after July 31, 2024. Firstly, QuickBooks Desktop 2021 is to be discontinued from May 31, 2024. subscribers after July 31, 2024. subscribers after July 31, 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.
As the decade progressed, bigger businesses began to implement mobile credit card processing, too, and as of 2024, it’s an extremely popular method of accepting in-person payments. Stax, for instance, offers fully transparent pricing and a wide range of capabilities able to accommodate your business’s needs now and as it grows.
Founder of CardX by Stax, Jonathan Razi , highlights some important points about true cash discount programs and why many of them are non cashcompliant. Thankfully, surcharge processing companies like CardX by Stax can help you understand cash discounting programs and how to implement them.
Further, Statista projects that the value of global digital transactions will exceed $11 trillion in 2024. However, as an ISV looking to facilitate payments for its users, you can drastically reduce your costs as well as your time-to-market by partnering with a PayFac like Stax Connect.
billion social media users worldwide in 2024. Stax Connect ticks all of these boxes. Stax is a smart option for FSM software companies looking for an online or mobile payment provider with real-time updates, cloud connectivity, and faster processes. Social media presence According to SproutSocial , there are an estimated 5.17
from 2024 to 2030. Their platform seamlessly integrates with the Stax Connect API to help its customers accept ACH , eChecks, and card payments. Potential market saturation and competition The embedded finance market is growing fast due to the advancement of non-financial platforms providing financial services and products.
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.
Acquisition of BlockChyp brings new technology and industry expertise to Stax, furthering its evolution as a leading payment processor ORLANDO – October 1, 2024 – Stax , a leading payment technology provider, today announced its acquisition of BlockChyp , further expanding the company’s end-to-end processing capabilities.
Experienced payments and sales executive joins Stax leadership team to drive accelerated growth for Stax Connect and embedded payments. Stax Payments , Inc., As head of ISV Business Development at Stax, Krahl will drive market penetration into key Stax industries such as field services, healthcare, and professional services.
Jeffrey adds, “ Of course, when our clients still have reasons to opt for credit cards, CardX by Stax. As of 2024, credit card surcharging is illegal in the following U.S. Surcharge the Right Way Through CardX by Stax Surcharging helps you offset the credit card processing fee by levying an additional fee on credit card purchases.
In 2024 alone, more than a dozen state legislatures introduced bills related to surcharging and consumer fees generally. This language is from California’s “Honest Pricing Law,” also known as SB 478 , which went into effect on July 1, 2024. In addition to the California law, Minnesota also passed a drip pricing law in 2024.
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