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ChurnZero is Customer Success software for growing SaaS and subscription businesses. Stax is an industry-leading payments technology provider that is revolutionizing the payments processing experience completely. The post Thanks to BEE, ChurnZero, Laika, Quolum, and Stax for Sponsoring SaaStr Annual 2022!
In line with that, we’re thrilled to announce that Stax Connect ISVs can now give merchants the ability to accept PayPal, Venmo, and Pay Later (BNPL). Whats more, businesses see a 28% increase in checkout conversion when PayPal is available at checkout. Talk to sales Why Enable PayPal for Your Merchants? On the Stax.js
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.
Small businesses in America and worldwide have to choose from a wide variety of accounting software solutions, and this range of choices can be overwhelming. Research shows that 64% of small businesses use accounting software and the market for accounting software solutions is projected to be worth $4.3billion by 2023. Quicken Inc.
Experienced payments and sales executive joins Stax leadership team to drive accelerated growth for Stax Connect and embedded payments. Stax Payments , Inc., a leading payment technology provider, has appointed Jeremy Krahl as the SVP, ISV Business Development. and Canada.
For subscription-based businesses achieving consistent and predictable revenue growth is the holy grail. In fact, monthly recurring revenue (MRR) is one of the most important metrics subscription businesses should be aware of. MRR is an important metric for SaaS businesses to track to understand business health.
In today’s fast-paced business landscape, efficient and seamless payment processing is paramount to your bottom line. However, staying focused on the big picture can be challenging if your business is bogged down by repetitive payments and intricate billing procedures—both common hurdles for a billing system with inadequate functionality.
Accepting card payments is a must for small to medium businesses today. There are many processors out there that claim to save you money, and in this post we’ll take a look at two of them: Riverside Payments and Stax. Marketing aside, though, we’re here to see how Riverside really stacks up for small business payment processing.
It’s no question that the world has been digitally transformed — both in business and in life. While businesses shouldn’t rush to implement all the various types of payments, they should be accepting at least a few already. Digital payments provide unparalleled convenience for both businesses and consumers.
“In an era where technology shapes the future of payments, Stax’s vision to revolutionize embedded payments aligns perfectly with my passion for risk prevention,” said Neiconi. Stax helps drive incremental revenue through frictionless, secure, and reliable payment processing and recurring billing solutions.
Although your business has received payment, this cannot be credited to your bottom line until delivery of the product is completed. What accounting rules do subscription businesses need to abide by in order to stay compliant with global standards? This is important for subscription businesses due to recurring advance payments.
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?
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.
For many small business owners, credit card processing fees may seem like a hefty price to pay for providing convenience to customers. Even if you consider them to be a cost of doing business, credit card fees can quickly eat away at your already slim profit margins. Merchant – The business accepting credit cards from customers.
Learn their differences and analyze how their pros and cons would work for your business. For businesses, a fast and seamless payment process means happy customersand the statistics show it. EFT comes in many forms that suit different business needs. Another EFT type that businesses rely on is ACH.
However, this convenience comes at a cost, mainly for businesses. Because of this, it makes better business sense to understand how they are calculated. If your business processes these payments with less secure methods, the interchange fee could increase. Although they go to issuing banks, the rates are set by card networks.
Like most business owners, your instincts tell you to hop on the bandwagon and launch an online store for your business. From different types of online payment gateways and key features to look for, to tips to help you choose the right payment solution for your business and implement it. This is expected to grow to 22.6%
That’s why for most businesses, it’s almost impossible to make do without a credit card terminal. Finding the right credit card machine that fits your business model, however, isn’t always an easy task. But if you’re stuck, worry not: in this article, we’ll help you find the best payment terminal for your business.
The modern-day merchant simply can’t afford not to accept them at their business. For perspective, US businesses paid a staggering $100.77 Thankfully, implementing a credit card surcharge program can be particularly beneficial for small businesses to offset the cost of accepting credit card payments.
As a small business owner, it’s important to accept different payment methods like cash, credit card, and contactless or NFC mobile payments to ensure an easy shopping experience for your customers. Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate. trillion in 2021.
Take a traditional business, like a furniture store. While traditional business models have a harder time estimating their future revenue, SaaS companies have access to more accurate revenue forecasts, such as their MRR and ARR. This method can help you determine the best ways to reach SaaS growth within your business.
Many merchants face the trouble of sifting through numerous credit card machine options, looking for a terminal that fits with their business. There are many different types of payment terminals to choose from, and you need one that’s going to help your business operate the most efficiently.
When you’re serving customers, you need to be as fast and efficient as possible—no matter how big or small your business is. Your customers are busy and so are you. Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn More What Is Mobile Payment Processing?
As a SaaS business leader, reducing software user churn is an important part of maintaining your customer base and increasing revenue. By pinpointing the exact reason for user churn, you can determine how to avoid it and ensure that your business continues to have strong profits. Thats where customer feedback comes in.
Every business operates differently, but the one thing they all have in common is that every business accepts payments. New payment tools like NFC contactless payments that help your business grow and provide a high-quality customer experience are in high demand. Learn More What Is a Contactless Virtual Terminal?
Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone. A lot has changed in 20 years, and businesses must either adopt a modern and mobile payment infrastructure or risk becoming about as relevant as the cash register in a mall department store.
Bookkeeping is an essential part of managing your business and it’s something you must oversee in order to remain profitable. Here’s a list of the ten best accounting apps for your business. TL;DR Bookkeeping is essential for business profitability, and finding the right accounting apps can simplify this task.
Interchange is the fee that credit card companies like Visa and Mastercard charge businesses to accept their cards. In this article, we will break down credit card interchange fees so you will know exactly how much you’re spending when running your business. Interchange fees are simply a cost of doing business.
As a business owner, you just cant afford to ignore these statistics. Youll be locking out a significant customer segment with high purchasing power to propel your business forward. Well also look at key features of a payment processor to help you choose the right one for your business.
In the complicated world of payment processing, understanding the nuances of debit card and credit card payments, along with associated processing fees, is essential for businesses. Businesses can encourage cash transactions or use credit card surcharging as an additional fee to offset payment processing costs.
Small Business Saturday, or SBS, is a much-anticipated shopping event that takes place between the Black Friday and Cyber Monday holiday shopping frenzy. This day benefits local businesses since it encourages 72% of shoppers to shop and dine at small, independently-owned retailers and restaurants—not only on SBS—but year-long.
The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for accepting credit card payments.
The consistent software updates and upgrades have made it easier than ever to run businesses. We’re seeing a similar trend in the legal industry, where law firms rely on case management systems to run their businesses. This trusty software manages the busy work often assigned to multiple employees.
While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. When consumers have faith in your business and capabilities to protect their data, they’re more likely to shop with you. So how can your business stay PCI compliant?
If your SaaS business is facilitating payment collection from within your platform, this article is worth a read to understand and secure your system. By doubling up on security and working with a payments facilitator like Stax Connect, you can protect your SaaS customers and your business. What Is Payment Tokenization?
Sometimes a partner may not be fully equipped to support the unique needs of your growing business. Program structure and offerings When evaluating ISV partner programs, scrutinize the available partnership types, such as referral, reseller, or integration, to ensure alignment with your business objectives. Consider the following: 1.
Businesses of all sizes feel the brunt of it. But small businesses, in particular, can be crushed by these fees. There are several reasons why you should consider implementing surcharging, especially if you’re a small business owner. Learn More Why Should Merchants Consider Implementing a Surcharging Program?
Not only are there a number of ways your customers could be using their mobile devices to give payments, but you as a business owner could be leveraging mobile devices to accept them as well. It pays to know exactly how mobile technologies will be impacting your business, or potentially already are.
Research shows that 55% of customers will abandon their cart if they have to re-enter checkout information like credit card details, negatively affecting your business conversion rate. The business owner should receive the funds in 24-48 hours or even more, depending on the set time frame specified in the initial contract with the provider.
This business model has now been adapted very well in the internet age, especially in the SaaS (Software-as-a-Service) and eCommerce industries. The most potent benefit of the subscription-based business model is that companies are guaranteed a fixed revenue stream—if they can retain their customers or subscribers. The alternative?
Whether you’re a startup or an enterprise-level business, efficient payroll software is essential. Yet it isn’t always cost-effective to hire an in-house team to manage payroll, especially for businesses with a small headcount. Businesses using ADP RUN payroll have a choice of four plans; Essential, Enhanced, Complete, and HR Pro.
This helps SaaS businesses enhance their customer experiences and drive loyalty and profitability. We caught up with payment experts from Forrester and Stax to help you navigate these evolving times and achieve success with embedded payments. Watch the discussion below or check out some of its highlights in this article.
In an increasingly competitive B2B market, flexibility, agility, and adaptability are necessities for todays businesses. This also means an increasing demand for easier to manage, more unified one-stop-shop experiences for business ownersand a growing opportunity for SaaS companies to further diversify their offerings.
Businesses—especially small and medium businesses— continually seek ways to offset these expenses and improve profit margins, leading to the rise of credit card surcharging. Businesses that choose to add surcharges can either charge a fixed flat fee or a percentage of the transaction amount with a cap on the total.
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