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Unearned Revenue: What it is and What it Means for Subscription Businesses

Stax

The concept of unearned revenue can easily trip up SaaS companies that offer subscription services and products on a recurring basis. Unlike when selling ordinary products, you cannot recognize the revenue earned from a subscription all at once. In the case of SaaS subscriptions, this could take several months—or even years.

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Payment Security: Everything You Need to Know About Secure Payments

Stax

So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments. TL;DR The PCI DSS determines security protocols and sets the standards for payment security. of the global population using this method of payment in 2022. Contact us to learn more.

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

Stax

Going digital reduces paperwork and manual processing for businesses by automating payment reconciliation, invoicing, and record-keeping processes. Businesses can also streamline accounting tasks by integrating digital payment systems with their financial software, which improves accuracy and efficiency in financial reporting.

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

Stax

Payment processor – The company managing the transaction process. The processor facilitates the transaction by communicating with the payment gateway, issuing bank, and acquiring bank. The payment processor communicates with the issuing bank and card networks to approve or decline the transaction.

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How to Find the Best SaaS Billing Platform: A Complete Guide

Stax

Here’s an interesting stat: 70% of businesses consider subscription and membership models indispensable for future commercial growth and expansion. They must engineer a well-rounded solution that makes handling subscriptions a breeze (and yes, it is as hard as it sounds). However, only 10% of them currently employ these models.

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How To Find the Best Credit Card Processor for Small Business in 2024

Stax

With the majority of processors relying on negotiations and tacking on hidden costs like exorbitant setup fees, dishonest monthly subscription fees, or unfavorable long-term contracts, it can be hard to know what the best rates really are. However, the percentage markup rate does not give you a full picture of your processing costs.

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The Benefits of SaaS and Implementing SaaS Payments

Stax

SaaS services are also used in customer relationship management (CRM), human resources management, analytics, and communication. In this article, we’ll explore the many benefits of SaaS and how to implement SaaS payments. Make sure to implement workflows to handle failed payments and cancellations. tokenization, encryption).