Stax

MARCH 14, 2024

Business to consumer (B2C), by comparison, relies on speedy payment processing to transact on the spot. Most B2C transactions are performed at the point of sale (POS), whether it’s eCommerce or in-store checkout, which lends them to faster payment methods like mobile payments more often than B2B transactions.

Payment Services 88

Payment Services Merchant Services Payment Methods Payments 88

Stax

MARCH 14, 2024

EMV and NFC (Near Field Communication) technologies both came out around the same time and both are involved in the payment process—which can make them easy to confuse. EMV As mentioned, EMV technology focuses on securing card-present transactions through the use of chip cards. Do I Need a Special Payment Processor for EMV Chips?

Payment Methods 88

Payment Methods Merchant Services Payment Services Payment Solutions 88

Stax

APRIL 18, 2024

The steps to process a credit card transaction Step 1: Authorization Request The process initiates when a customer presents their credit card for payment. The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway. to 2.54% + $0.10

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

FEBRUARY 28, 2024

A POS system isn’t required to process payments; just a physical terminal and Internet access. Payment Processing Rate Card-present rate. Card-present rate. Card-present rate. Initiating Transactions Can start transactions from either the POS or payment terminal.

Payments 88

Payments Payment Methods Merchant Services Payment Services 88

Stax

DECEMBER 27, 2023

Many variations of the traditional merchant account now exist to cater to a specific type of business or industry: Retail merchant accounts A retail merchant account caters to small business owners that operate brick-and-mortar storefronts and require in-person payment processing capabilities.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Solutions 88

Stax

AUGUST 29, 2024

The question is: how do payment service providers work and how can you choose the right one for your business? PSPs offer joint merchant accounts and flat-rate processing fees that make them ideal solutions for small businesses that only process payments occasionally. Read on to find out.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

MAY 30, 2024

Common payment technologies include surcharging, card not present, buy-now-pay-later, and automated clearing house (ACH) Automation features – The provider should also have automation features, such as invoice templates, payment notifications, and automatic inventory management system updates.

Payment Solutions 88

Payment Solutions Payment Services Merchant Services SaaS Payments 88

Stax

JULY 25, 2024

Payment Processing Capabilities Facilitates the acceptance and processing of various payment options, such as credit and debit cards, ACH payments, mobile payments, and cash. Payment processing capabilities – Payment processing is a crucial business process that a POS system should have.

Point of Sale 88

Point of Sale Payment Methods Payment Solutions Payment Services 88

Stax

NOVEMBER 14, 2024

Stax Stripe Square PayPal Banks Contract Required No No No No Yes Early Termination Fees No No No No Yes Card Present Processing Pricing $99/month + 8¢ per transaction + interchange 2.9% + 30¢ per transaction (includes interchange) 2.6% + 10¢ per transaction (includes interchange) 2.7% Step 3: The card is authorized.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

MARCH 5, 2025

Put it this way: if you want to start accepting credit card payments and increase customer satisfaction, you’ll need a payment processor to facilitate those payments. Now, payment gateways are needed for card-not-present (CNP) transactions, such as online payments via your eCommerce store.

Payment Services 88

Payment Services Payment Methods Merchant Services Payments 88

Stax

NOVEMBER 21, 2024

To set up credit card payment processing for your business, you need to apply for a merchant account, and upon approval, get a payment gateway (online payments) and payment terminals (card readers, virtual terminals) to start accepting card payments. Stax takes a unique approach.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

APRIL 10, 2025

They let buyers initiate payments by placing their mobile phone near a compatible payment terminal. The payment method is facilitated by digital wallets like Apple Pay, Google Pay, and Samsung Pay. Its convenience has made it very popular with customers, with 78% of customers globally already using the payment method.

Payment Methods 88

Payment Methods Payment Services SaaS Payments Payment Solutions 88

Stax

MARCH 11, 2025

Digital wallets Digital wallets let your buyers make online payments quickly and securely via any internet-connected device using pre-stored financial details. They are popular with buyers under 35 years of age and must be part of the mobile payment methods you support if your target audience falls within that demographic.

Payment Methods 88

Payment Methods Payment Services Merchant Services SaaS Payments 88

Stax

OCTOBER 14, 2024

Standard payment solutions nowadays must include mobile and touch-free options. Implementing a Unified Payments Platform is a future-proof solution that provides access to multiple payment methods through a single streamlined integration. Stax’ integrated payment platform sets a new standard in payment technology.

Payment Services 88

Payment Services Payment Methods Merchant Services Payment Solutions 88