Stax

DECEMBER 20, 2023

When you research payment solution providers , you’ll start hearing the term “interchange” used when talking about payments. Set rate processing Subscription rate processing TL;DR Interchange fees are not collected by your payment processor or bank; they go directly to the card-issuing banks.

Payment Services 167

Payment Services Merchant Services Payment Methods Payment Solutions 167

Stax

FEBRUARY 26, 2024

We can see this trend in action in the realm of payment processing with the advent of recurring payments, also known as automatic payments. So, let’s dive into the realm of recurring payments and how they can benefit your business. Learn More What are Recurring Billing and Payments? How Do Recurring Payments Work?

Payment Services 88

Payment Services Payment Features Merchant Services Payment Methods 88

Stax

JANUARY 17, 2024

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA). Let’s get started.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

AUGUST 20, 2024

Airline credit cards, payment plans for costly items, and car rental insurance are forms of embedded finance that have been around for a while. This infrastructure helps businesses provide financial solutions, such as digital payments, directly on their websites or mobile apps. Today, you don’t even have to exit the app.

Payments 88

Payments Payment Methods Merchant Services Finance 88

Stax

OCTOBER 13, 2024

There are many good products in the market that provide you with all of the features you need, but we will only focus on Quicken software and Intuit’s QuickBooks Online. Quicken includes features that let users view the complete picture of their personal finances on a single dashboard. Quicken Inc.

Payment Methods 88

Payment Methods Payment Solutions Payments Payment Services 88

Stax

JUNE 9, 2024

Following this approach, most retail business owners try to find a Point-of-Sale (POS) system for retail businesses that can make their operations (especially in-store) more efficient, manageable, and cost-effective. What’s on the roadmap for your retail store? Make sure to choose solutions that can scale with you.

Point of Sale 88

Point of Sale Payment Solutions Payment Services Merchant Services 88

Stax

JULY 25, 2024

For example, if you own a clothing retail store, your POS system should help you enter the inventory’s different sizes and colors. Or maybe you want one with customer management features to help you with personalized marketing strategies. How many stores do you have? What do you struggle with?

Point of Sale 88

Point of Sale Payment Methods Payment Solutions Payment Services 88

Stax

MARCH 11, 2024

Owning a business can take quite the investment. Then when you layer in the need for payment processing, the complexity of managing your finances escalates significantly. Thankfully, we’re here to break down how you can save when investing in a credit card machine. If you’re able to negotiate in person—even better.)

Merchant Services 88

Merchant Services Payment Services Payment Solutions Payment Methods 88

Stax

APRIL 18, 2024

Examples of popular SaaS apps include Shopify, an eCommerce platform, Dropbox, a cloud storage service, and Stax Bill, an automated payment processing system. How companies price and distribute their solutions affects everything from revenue streams and customer interaction to product development and delivery methods.

Outsourcing Services 88

Outsourcing Services SaaS Payments Payment Services Payment Methods 88

Stax

NOVEMBER 15, 2023

If you’re selling anything at all these days—online or in-person—it’s absolutely imperative to learn about interchange fees. They significantly impact the cost of accepting card payments. These fees help cover the costs of processing the payment and maintaining the card network. They are therefore non-negotiable.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

SEPTEMBER 17, 2024

If you had to scratch your head to answer this question, you’re among 9 in 10 Americans who prefer digital transactions over traditional payment methods. According to Mordor Intelligence , the electronic payments industry was valued at $7.36 trillion in 2021 and is expected to grow at a CAGR of 11.08% to hit $15.27

Payment Methods 88

Payment Methods Payment Services Merchant Services Payment Solutions 88

Stax

MAY 30, 2024

TL;DR Understanding your target market is the first step to growing your FSM software business FSM software providers need to invest in product development and innovation to stay up-to-date with industry trends, forecast market needs, and respond with innovative solutions. Your website is more like your company’s storefront.

Payment Solutions 88

Payment Solutions Payment Services Merchant Services SaaS Payments 88

Stax

JANUARY 10, 2024

Credit card transactions have quickly become the lifeblood of eCommerce businesses and storefronts alike. Credit card fees, including interchange, assessment, and payment processor fees, impact businesses on a per-transaction or recurring basis. billion every single day. Usually, interchange fees will range between 0.3-2%

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Facilitation 88

Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for accepting credit card payments.

Merchant Services 68

Merchant Services Payment Services Payment Methods Development Team Review 68

Stax

AUGUST 22, 2024

Digital payments are increasingly becoming the norm. According to Forrester’s data, digital payments are the most used payment method today, with 69% of American adults using them to make payments online. Businesses must therefore adapt and be able to accept such payments.

Merchant Services 88

Merchant Services Payment Services Payfac SaaS Payments 88

Stax

JUNE 11, 2024

Cashless payments offer customers the convenience of quick transactions without needing physical currency. In 2023, cash accounted for 12% of POS system transactions and only 1% of all eCommerce transactions in the US. Even so, small businesses can’t afford to ignore card payments in today’s economic landscape.

Merchant Services 68

Merchant Services Payment Methods Payment Services Payment Solutions 68

SaaSOptics

MARCH 10, 2022

Chargify is a powerful B2B SaaS subscription management software that enables you to employ complex pricing strategies (like prepaid usage or real-time multi-attribute billing), so you can bill exactly the way you want—without the time or financial investment of building out a custom solution. We even wrote an entire blog about it here.

Payment Services 87

Payment Services SaaS Payments Payments Payment Solutions 87

Stax

JUNE 18, 2024

Not only do you need to stay compliant with tax and revenue recognition rules; you also want to bill and send invoices on time to avoid late payments and impacts to your cash flow. A robust billing solution eliminates manual management of payment collection and invoicing, so you can focus on other parts of your business.

Payment Features 88

Payment Features Payment Solutions Payment Services Payments 88

Stax

DECEMBER 6, 2023

In an era defined by digital transactions and cashless payments, the process of paying for goods and services is more convenient, and increasingly reliant on credit card transactions. However, as the popularity of credit cards and digital wallet payments continues to surge, the costs associated with accepting them also do.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

MARCH 14, 2024

Each method provides unique insights that can help inform your decisions. These are the fees your business pays to process non-cash payments and they can add up fast. One way is by negotiating with the companies that process the payments. Finally, there is one other method available to save money on processing fees: surcharging.

Payment Methods 68

Payment Methods Payment Services Payment Solutions Payments 68

Stax

JANUARY 3, 2024

Request Quote Understanding Self-Checkout Systems Self-checkout systems are automated hardware and software solutions that enable customers to process their purchases at retail stores, rather than needing the assistance of a cashier. App-based scanning and payment. The appeal of self-checkout stations is two-fold. Handheld scanners.

Payment Solutions 88

Payment Solutions Payment Methods Payment Services Payments 88

Stax

SEPTEMBER 19, 2024

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. Risk of errors due to complexity. Billing and invoicing software (e.g.,

Payment Services 88

Payment Services Payment Solutions Payments Stax 88

Stax

JUNE 6, 2024

Without a good solution place, your business could face delayed payments, increased errors, and inefficient cash flow management. Some of the key features to look for include automatic invoice generation, automated payment reminders, online payment processing, and AR reporting.

Payment Solutions 88

Payment Solutions Payment Services Payment Methods Payments 88

Stax

FEBRUARY 21, 2024

By analyzing the SaaS Magic Number, SaaS companies can determine how well their revenue-driving investments (in sales, marketing, and customer retention) are translating into actual revenue growth. Focus on lowering marketing costs and optimization before investing more. This is where the SaaS Magic Number becomes particularly handy.

SaaS Payments 88

SaaS Payments Payments Payment Services Payment Solutions 88

Stax

JANUARY 8, 2024

For SaaS companies, becoming a payment facilitator (or PayFac) offers a ton of advantages—including but not limited to—boosting retention and profitability while exercising greater control over the customer experience. For example, the breakdown of old hardware, human errors, or malware can cause a hindrance to payments.

Merchant Services 88

Merchant Services Payfac Payment Services SaaS Payments 88

Stax

FEBRUARY 19, 2024

Some examples of niches targeted by vertical SaaS providers include healthcare, eCommerce, finance, and education. As more industries begin to recognize the value of tailored solutions, vertical SaaS is experiencing significantly higher growth and investment. Contact us to learn more about Stax Connect.

SaaS Payments 88

SaaS Payments Payment Services Payments Payment Solutions 88

Stax

MAY 2, 2024

This works similarly to the automatic deduction method, just that money goes through a third account. According to Fed Small Business in 2022, 40% of small businesses applied for traditional methods of financing. Most merchant cash advance companies nowadays have online applications that streamline everything for you.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payments 88

Stax

NOVEMBER 29, 2023

This information can be pulled from accounting software like Quickbooks if it is up to date with transaction data from sources like your payment platform provider. Other expenses include: Interest expenses: These are costs incurred due to interest payments on loans or credit facilities.

Payment Services 88

Payment Services Payment Methods Software Review Payments 88

Stax

JANUARY 28, 2025

Completing online payments via manual card entry can be time-consuming and off-putting for customers. Click to Pay completely removes the need to enter credit card information during online purchases, making it more convenient and faster than manual card entry. Learn More What is Click to Pay?

Payment Methods 68

Payment Methods Payment Services Merchant Services SaaS Payments 68

Stax

SEPTEMBER 17, 2024

In the new, digital era of payment management and shopping, protecting customer data is a top priority. Each requirement plays a critical role in building a secure environment for payment processing. Failing to comply with the Payment Card Industry Data Security Standard can have a number of severe consequences for a business.

Payment Services 88

Payment Services Merchant Services Payment Methods compliance 88

Stax

MAY 6, 2024

Having a secure platform for managing customer and payment data is paramount to building and maintaining trust, and you can’t do that with poor systems and practices. In our latest webinar, Garrek Harris, Director of Platform Management at Stax, discussed the ins and outs of data security for merchants and ISVs.

Payment Services 88

Payment Services Merchant Services compliance SaaS Payments 88

Stax

MARCH 6, 2025

The desire for frictionless payments skyrocketed contactless transactions to 8.1 The system generates a one-time encrypted code for each transaction, preventing fraudsters from stealing payment data. This is why 90% of shoppers still prefer contactless payments post-pandemic. billion during the COVID-19 pandemic.

Payment Methods 88

Payment Methods Payment Services Merchant Services Payment Solutions 88

Stax

JANUARY 21, 2025

Accepting payments always comes with processes and fees, particularly when it comes to online or digital payments. From payment gateways to API plugins, there’s a certain amount of IT work required to facilitate the payment process. This is where payment links come in.

Payment Methods 88

Payment Methods Merchant Services Payment Solutions Payment Services 88

Stax

OCTOBER 17, 2024

Navigating the world of payments can be complicated, especially when you’re running a software business with many moving parts. Embedding payments is a great first step, but encouraging merchants to adopt payments and onboarding them is another hurdle many ISV/SaaS businesses run into.

Stax 88

Stax Payments Merchant Services SaaS Payments 88

Stax

FEBRUARY 19, 2025

When adding payment features for software users, the importance of including customer support for payment processing is no different. There is a constant debate regarding the cost benefits and challenges of outsourcing customer support when looking into adding payment integration features for your software users.

Outsourcing Services 88

Outsourcing Services Payments Payment Services Merchant Services 88

Stax

DECEMBER 12, 2024

These days, small and medium-sized businesses (SMBs) prefer to opt for industry-specific payment systems and tools over generic solutions. Merchant services are one of these key investments. They enable secure, efficient in-store and online payment processing and offer flexible payment options that customers demand today.

Merchant Services 88

Merchant Services Payment Services Payment Methods SaaS Payments 88