Stax

MARCH 13, 2025

In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. Apart from keeping complex payment structures running, interchange fees compensate issuing banks for taking on cardholder credit risk, and help card companies fund rewards programs. per transaction.

Payment Services 88

Payment Services Merchant Services Payment Methods Technical Review 88

Stax

APRIL 30, 2024

Depending on the business type, merchant processing solutions are of two types: Point-of-sale (POS) systems POS systems are a popular payment collection system, with more than 93,300 companies using them in the US alone. In comparison, POS systems are ideal for businesses that operate from one single location.

Merchant Services 88

Merchant Services Payment Services Payment Solutions Payment Methods 88

Stax

SEPTEMBER 26, 2024

Merchants pay interchange fees to compensate the cardholder’s bank (issuer) for the risk of managing credit card accounts. You can communicate this through visible point-of-sale signage at checkout, verbal heads-up from staff, or on-screen alerts for eCommerce. Shoppers pay convenience and service fees to businesses.

Merchant Services 88

Merchant Services Payment Services Payment Methods Point of Sale 88

Stax

JANUARY 10, 2024

The purpose of an interchange fee is to compensate the card issuer for the risk and operational costs associated with providing the credit or debit card service to the customer. If POS hardware is being offered as part of the merchant’s payment plan, it will also include the cost of hardware. This is where CardX by Stax comes in.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Facilitation 88

Stax

NOVEMBER 21, 2024

Stax, Payment Depot, and CardX are three of the very best providers in the industry. The customer can make the credit payment physically by swipe, dip, or tap, depending on your point-of-sale (POS) system , which will capture the credit card details. The payment could also be made via digital means.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

MARCH 11, 2025

For example, Stax Pay charges a fixed monthly membership fee which might not be the best option for very small businesses with low transaction volumes, but could be extraordinarily cost-effective for businesses that process more than $5000 per month. Online reviews help compensate for that knowledge gap.

Payment Methods 88

Payment Methods Payment Services Merchant Services SaaS Payments 88