This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The merchant underwriting process helps reduce fraud (including chargeback volume), ensures compliance with regulations, and protects financial stability in the payment processing space. Key steps include application review, risk assessment, credit checks, and compliance verification.
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. Riverside Pricing Riverside doesn’t share their pricing publically, and there looks to be a lot of inconsistency when reviewing their complaints registered through the Better Business Bureau.
The US, therefore, requires financial institutions as well as financial services firms to have anti-money laundering (or AML) compliance programs in place. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). Non-compliance can have major implications.
In this article, we’ll explore the significance of billing platforms in contemporary business, delve into the features that set Stax Bill apart, and guide you through the process of selecting the right billing solution for your unique needs. said Suneera Madhani, founder and CEO of Stax. “The
Seamless integration with your existing tech stack: you must ensure that the providers payment gateway will easily integrate with your existing eCommerce CMS (Content Management System), website CMS, or SaaS platform. Your testing should check for security compliance, technical performance, and mobile responsiveness.
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?
TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. What is PCI Compliance? That’s where Stax comes in. Why Is PCI Compliance So Important? PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust.
To choose the right payment processing solution for your business, you need to evaluate your business needs, evaluate security and compliance standards, and evaluate different payment processors based on pricing, features, customer support, and scalability. Faster resolution speed reduces revenue loss due to fraudulent claims.
PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks. The duediligence doesn’t stop at onboarding.
This is why PCI DSS compliance is critical. Compliance with PCI Data Security Standard regulations prevents shortcomings and vulnerabilities in payment processing, thereby reducing the risk of fraud, identity theft, and cyberattacks. Stax is 100% PCI compliant, which makes it the perfect solution for all your payment processing needs.
In this guide we will discuss the following: What is Payment Tokenization How Payment Tokenization Works Payment Tokenization vs. Encryption SaaS Payment Tokenization Requirements Benefits of Payment Tokenization SaaS Payment Vulnerabilities Using Stax Connect and Payment Tokenization Lets get started. What Is Payment Tokenization?
An ISV partner is a software vendor that partners with an ISV and provides additional services or technology. To ensure that an ISV partner program is right for you, consider their program structure and offerings, integration capabilities, support and resources, security and compliance, and costs and financial incentives.
To ensure the interchange fees you pay are reasonable and competitive, it’s essential to regularly review and negotiate your fee structure with your payment processor. Through OptBlue, your payment technology provider will determine how much you pay for AmEx and bundle it in with the ability to accept more popular card types.
TL;DR Key features your charity payment solution should cover include PCI compliance and security, streamlined integrations, a great user experience, reporting and analytics, and customization and flexibility. At Stax Connect, we work with a subscription-based mode l with a 0% markup on direct-cost interchange.
KYC’s three main components are the customer identification program (CIP), which was imposed by the USA Patriot Act in 2011; customer duediligence (CDD); and regular monitoring of the customer’s account and activities, which is also called enhanced duediligence (EDD). In the U.S.,
Benefits of using a payment gateway include a simplified purchasing experience for customers, increased operational efficiency, and PCI compliance. Popular payment gateways include Authorize.net, Stax, Stripe, Adyen, and Square. What Exactly Is a Payment Gateway? Some of them also offer a merchant account (besides the payment gateway).
Learn how to achieve payment processing compliance when surcharging to improve your company’s financial stability and reputation. PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. for transactions also requires this compliance.
Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer duediligence, and adherence to card regulations. However, several complex types of risks come along with this. Let’s get started.
Examples of popular SaaS apps include Shopify, an eCommerce platform, Dropbox, a cloud storage service, and Stax Bill, an automated payment processing system. ISVs vs SaaS: An Overview Technically speaking SaaS companies are also ISVs because they develop software. Consider Stax’s partner program.
By leveraging cutting-edge technology and a deep understanding of the payments landscape, they ensure that clients can navigate the complexities of global payments with ease. Stax and Worldpay: A Powerful Partnership Stax is one of the largest Independent Sales Organizations (ISOs) partnered with Worldpay.
Understanding the market, providing advanced features, and collaborating with other ventures in the healthcare technology market help boost EHR software sales. One such in-demand feature in healthcare technology is artificial intelligence (AI). However, the right strategy and tips can help expand an EHR software’s user base.
Security and compliance: Make sure they meet the latest security standards and regulations to protect you and your customers’ sensitive data. As you’re handling cardholder data, your provider will need to ensure PCI compliance to minimize the risk of fraud and data breaches. What do reviews on 3rd-party sites have to say about this?
Top Customer Review: “I’ve been using FreshBooks for about six months now, and I’m loving the freedom it gives me. G2Crowd ( Read the rest of the review ) GoSimpleBooks GoSimpleBooks allows you to concentrate on the larger aspects of your business so you don’t waste time focusing on time-consuming tasks. Highly recommend it.
This is especially common for high-risk accounts, as more vetting and duediligence are typically required. Online Merchant Accounts Process payments for online businesses eCommerce websites, marketplaces, mobile apps Secure payments, fraud prevention, payment gateway integration PCI DSS compliance, multi-currency, recurring billing.
In addition, they also ensure the privacy of business data and compliance with laws and regulations. StaxStax is a payments processing service that caters to all types of businesses, large or small. Unlike other card processing companies, Stax doesn’t add any extra fees to the interchange.
Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate. For example, Stax charges a flat monthly membership in exchange for a 0% markup rate, a transaction cost of just a few cents, and no ancillary fees.
ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processing costs, and enhanced security. Provides compliance and security advantages ACH payments are one of the most secure payment options your customers can have.
Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. NFC technology is in the midst of an evolution. Contactless payments became a must-have during COVID.
Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards. Optimize transactions for lower rates Review your card acceptance policies.
Businesses need strategies in place to retain customers and prevent revenue loss due to subscription cancellations. Keeping track of various state and country laws can be tough, so choosing a payment processor that ensures compliance is key to addressing this challenge.
Ultimately, PCI DSS compliance helps prevent fraudulent transactions, mitigates data breaches, cultivates customer trust and protects your business. Many businesses and respected institutions have immediately been taken down for days, weeks or longer due to cyber attacks designed to exploit their vulnerabilities.
Some challenges and considerations of embedded finance and fintech involve regulatory and compliance issues, data privacy and security, and stiff competition. Insurance companies provide transactional APIs and technology infrastructure to allow merchants to integrate their insurance policies with their platforms.
Vertical SaaS solutions are tailored for specific industries, addressing niche needs with in-depth customization and compliance with industry standards. This is due to the smaller market size and longer development time needed to create tailored industry solutions. What is Vertical SaaS? What is Horizontal SaaS?
Making sure there are secure payment technology policies and procedures within your company will guarantee the integrity of present and future transactions. Compliance with these standards ensures that merchants and payment processors implement robust security measures to safeguard financial data. What Are Secure Payment Systems?
In this guide, we’re going to cover what companies need to consider when choosing a SaaS billing platform—and how Stax Connect makes this process simple. For best practices, integrate it with your other systems, offer flexible plans for optimized cash flow, and ensure data security compliance to industry standards. Real-time insights.
If you’re not sure where to start, keep reading to find out the benefits of implementing surcharging, how to ensure legal compliance, and how you can use technology for smooth sailing in the surcharging landscape. If you’re working with a payment processing provider like Stax , they can take care of much of the following.
Choosing a trusted payment processing partner is the first step in ensuring your business accepts popular EFT payment methods and stays up-to-date with new technology. An EFT payment includes many more than debit or credit card transactions, and with seemingly constant technological advancements, new ways to pay are always emerging.
The SaaS model isn’t just for the tech industry—cloud services are widespread in industries such as healthcare, retail, eCommerce, and education. Security and compliance SaaS providers put a lot of effort into protecting their applications as well as business data. This is where Stax Connect came in.
In this guide, we present eight alternatives to Chargebee that help relieve some of these burdens for users, starting with an in-depth review of our solution, FastSpring. However, you’ll still be responsible for paying taxes, processing chargebacks, and for things like legal compliance, dunning, and more. Zoho Subscriptions.
shoppers as customers become more comfortable with the technology.” As stated by countless resources, mobile is the direction the payment technology space is heading. It pays to know exactly how mobile technologies will be impacting your business, or potentially already are. Consider factors such as connectivity options (e.g.,
When it comes to payments,partnering with an ISV like Stax Connect is a great way for companies to go to market with their own payment platform. It’s important to carefully go through criteria like transparency, PCI compliance, and payment monetization when selecting an ISV payments partner.
These longer payment cycles have historically lent themself to slow payment processes, like checks, that are no longer common for B2C transactions Due to the complexity of most B2B transactions, there’s often more documentation required for the payment, such as contracts. What are the Most Common B2B Payment Methods?
Risk of errors due to complexity. Stax Bill) Order Management Fulfillment of orders according to agreed terms. Luckily, the emergence of robust billing and invoicing software platforms like Stax Bill have made it easy for sales teams to be more thorough and customer-friendly with their quotes.
User-friendliness is one of the most overlooked features of POS systems, but a crucial factor whether your team is tech-savvy or not. Do you have a team and how tech-savvy are they? If your team is less tech-savvy, get a POS system with an intuitive interface and easy training. Think about the future.
We organize all of the trending information in your field so you don't have to. Join 80,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content