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How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts. Automated Clearing House (ACH) is one type of EFT that processes payments in batches through the ACH Network. To choose the right payment method, consider transaction volume, transfer speed, cost, and security.

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Quicken vs QuickBooks: Which is Best for Small Businesses?

Stax

Users can view banking information, track monthly bills, track investments, manage credit card accounts, and much more. It is a subscription-based integrated payment platform that helps you process credit card payments. Learn More Stax offers the lowest cost of accepting credit cards among all merchant account providers.

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What is a Payment Processing System and How Does It Work?

Stax

It ensures the secure transfer of funds from a customer to a merchant via their preferred payment method. A typical payment processing procedure involves multiple parties, including the merchant, customer, payment processor, payment gateway, issuing bank, acquiring bank, and card networks.

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How are Interchange Fees Calculated?

Stax

Behind every seamless payment card transaction is a complex network of banks, credit card companies, and payment systems working together to transfer money from the customer to the merchant. Although they go to issuing banks, the rates are set by card networks. But there’s more to it.

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Recurring Payments: Definition and Implementation Best Practices

Stax

We can see this trend in action in the realm of payment processing with the advent of recurring payments, also known as automatic payments. Industry data shows that subscription-based businesses are growing 3.7x So, let’s dive into the realm of recurring payments and how they can benefit your business.

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Empowering Your Business with Stax Bill: A Comprehensive Guide to Billing Platforms

Stax

As industry leaders in billing software, our mission is to help our customers work more efficiently, recover more revenue, and effortlessly collect invoices. TL;DR A billing platform is a comprehensive system facilitating subscription management, recurring billing, revenue recognition, payment gateways, analytics, and dunning processes.

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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

Mobile phone and online bank transfers, mobile wallet payments, in-app payments, online payments, QR code payments, and all other electronic payment methods that qualify as a digital payment. For merchants, digital payment methods include the ways in which payments are accepted.