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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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The Benefits of SaaS and Implementing SaaS Payments

Stax

The SaaS model isn’t just for the tech industry—cloud services are widespread in industries such as healthcare, retail, eCommerce, and education. 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.

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How to Streamline Your SaaS Clients’ Merchant Underwriting Process—and Improve Adoption Rates

Stax

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. This is what we call payment adjacency,” explains Richard.

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How Adopting Mobile Payments Can Help Your Business Grow in 2024

Stax

That’s where you can turn to mobile payment systems. There are many options available that plug into existing smartphones and tablets , such as the Swipe Simple B250 Reader available from Stax , to solve this problem effectively. Educating your employees is the next hurdle to clear.

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Vertical SaaS vs Horizontal SaaS: 8 Differences and Similarities

Stax

While their target audience and the breadth of their solutions are the key differences, vertical and horizontal SaaS also share many similarities, in particular cloud-based hosting and subscription business models. Some examples of niches targeted by vertical SaaS providers include healthcare, eCommerce, finance, and education.

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Visa Interchange Rates 2024: What You Need to Know

Stax

Audit your data security measures. Secure payment processing methods can result in reduced fees, as the card networks offer reduced fees on transactions they deem less risky. A great payment provider can save your business tons of money in processing fees. Educate yourself on how interchange rates are calculated.

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Tap to Pay: What It Is and How It Works

Stax

Full-service POS and credit card payment providers Full-service providers like Stax offer complete POS solutions and backend payment processing, which are essential to accepting contactless payments. However, subscription pricing may seem high for businesses with a low transaction rate.