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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

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. Learn More What is Merchant Account Underwriting?

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

Stax

Tickets purchased ahead of travel or events, as the revenue cannot be recognized until the actual offering has been redeemed i.e. a concert or a flight. Non-compliance with accounting standards such as IFRS or GAAP can result in significant financial penalties—not to mention a loss of trust with customers and stakeholders.

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Vantiv Worldpay Merchant Services by FIS

Stax

Corporate, travel cards, and keyed-in transactions: 3.30% + $0.20 Stax and Worldpay: A Powerful Partnership Stax is one of the largest Independent Sales Organizations (ISOs) partnered with Worldpay. By leveraging Worldpays infrastructure, Stax ensures seamless and secure payment processing for small and medium-sized businesses.

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Understanding Risk Management Strategies as a PayFac

Stax

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. They must also ensure that sub-merchants are compliant with the regulations set by card companies, e.g. PCI compliance.

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What is an EFT Payment? Everything to Know About This Method of Payment

Stax

Additionally, automated record-keeping and electronic transaction histories simplify auditing and financial reporting, making it easier for businesses to maintain compliance with regulatory requirements. At Stax, not only do we provide the tools you’ll need, but we’re also committed to providing useful information to help you stay informed.

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Visa Interchange Rates 2024: What You Need to Know

Stax

Retail transactions might have different rates compared to healthcare or travel-related transactions. Compliance and Regulation: Changes in regulations or compliance requirements can also influence interchange rates. Talk to Stax today to find out how much we can help you save on payment processing fees.

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Mobile Credit Card Processing Explained: What Business Owners Need to Know

Stax

Tour Guides and Travel Services Mobile credit card processing is indispensable for tour guides, transportation providers, and excursion operators. Whether leading guided tours, arranging airport transfers, or selling tickets for attractions, these businesses need a convenient way to accept payments from travelers on the go.