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Days Sales Outstanding Formula: What is DSO and How Do You Calculate It?

Stax

In an ideal world, all customers would pay an invoice the moment they receive it. But in reality, companies often have to spend considerable time and resources chasing down late payments that are stuck in Accounts Receivable. Promptly collecting payments from your customers is essential to run a sustainable business.

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Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

Stax

Businesses apply it to offset e-payment processing costs for transactions where customers pay with credit cards rather than cash. Airlines, shipping companies, and freight carriers leverage this extra fee to cope with the unpredictable nature of fuel costs. On invoices, present it as a separate line item to provide a clear breakdown.

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What is Embedded Finance and Embedded Fintech?

Stax

Airline credit cards, payment plans for costly items, and car rental insurance are forms of embedded finance that have been around for a while. Their platform seamlessly integrates with the Stax Connect API to help its customers accept ACH , eChecks, and card payments. Today, you don’t even have to exit the app.