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Stax Acquires BlockChyp, Adding Payment Gateway and Expanding End-to-End Capabilities

Stax

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.

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Monthly Recurring Revenue (MRR): Definitions, Formulas And How To Improve It

Stax

It can also be used to calculate the customer acquisition cost (CAC) and gross margin. Increase customer acquisition: To do this , focus on enhancing your lead generation and conversion strategies to bring in more customers. Here are some of the key ways you can scale your MRR.

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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. From multiple acquisitions to leadership changes, the company has continuously evolved. “I’ve been at Stax for 8 years now. This has truly catapulted my skills and career.”

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Stax Payments Appoints Mark Sundt as Chief Technology Officer

Stax

Stax Payments , a leading payment technology provider, has appointed Mark Sundt as Chief Technology Officer. As CTO, Sundt will accelerate the delivery of new products, features, and functionality that unlock and drive increased value for Stax customers and partners. To learn more about Stax, visit staxpayments.com.

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How to Scale SaaS Growth and Optimize SaaS Operations: 7 Essential Tips

Stax

Customer acquisition cost. Improve your customer acquisition cost A huge part of your budget goes towards converting customers. While you want to spend enough on your customer acquisition cost to increase your customers’ lifetime value, there’s a fine balance that needs to be struck to achieve optimal SaaS growth.

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The Ultimate Guide to Software Customer Churn

Stax

Acquiring new customers is significantly more expensive than retaining existing ones, with studies showing that customer acquisition costs (CAC) can be five to 25 times higher than the cost of keeping a current customer. To illustrate the impact, consider a SaaS company with a monthly churn rate of 5%.

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5 ISV Partner Program Considerations SaaS Companies Should Keep in Mind

Stax

They also often include sales and marketing support, leveraging the ISV partner’s brand credibility and distribution channels to accelerate customer acquisition. It often includes sales and marketing support, leveraging the ISV partner’s brand credibility and distribution channels to accelerate customer acquisition.