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Having a strategy to monetize payments gives SaaS companies an additional revenue stream while enhancing the customer experience and reducing customer churn. Reduce churn All the benefits mentioned above lead to lower rates of involuntary churn. This, in turn, reduces involuntary churn. Enter payment monetization.
The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. If you have just started a business, look for a PayFac that offers POS, exclusive ACH processing, and reporting features.
SaaS companies can avoid having to integrate their software with that of gateways and banks, undergo thorough merchant underwriting, and submit mountains of documents by working with a trusted PayFac like Stax to make their software more comprehensive for their clients. What Is Merchant Underwriting?
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