Stax

NOVEMBER 27, 2023

KYC’s three main components are the customer identification program (CIP), which was imposed by the USA Patriot Act in 2011; customer due diligence (CDD); and regular monitoring of the customer’s account and activities, which is also called enhanced due diligence (EDD). In the U.S.,

Merchant Services 88

Merchant Services Payment Services Systems Review Technical Review 88

Stax

JULY 25, 2024

Years ago, point-of-sale (POS) systems were reserved for large enterprises with big budgets. Today, a small business is barely complete without a POS system. If you feel left out, the good news is that there’s a POS system out there ideal for your business. Thanks to the rise of SaaS platforms, that’s no longer the case.

Point of Sale 88

Point of Sale Payment Methods Payment Solutions Payment Services 88

Stax

APRIL 17, 2025

In the payments industry, choosing the right ISV partner is critical; look for robust APIs, hardware support, strong onboarding, and fair revenue-sharing models. Think: cloud platforms and operating systems like Microsoft, Amazon Web Services (AWS), the Salesforce ecosystem, or a payment platform. What is an ISV Partner? Who is it for?

Merchant Services 88

Merchant Services Payment Solutions Payment Services Payments 88

Stax

DECEMBER 4, 2023

Best practices for ensuring AML compliance as a PayFac include continuously updating your AML policies, utilizing advanced technologies for monitoring, periodic internal reviews and audits, and engaging with AML experts and consultants. Transaction monitoring and reporting Onboarding sub-merchants following thorough KYC isn’t enough.

Merchant Services 88

Merchant Services Payment Services Payfac Technical Review 88

Stax

JANUARY 8, 2024

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. The potential impact of failed or inadequate internal systems, processes, procedures, etc.

Merchant Services 88

Merchant Services Payfac Payment Services SaaS Payments 88

Stax

SEPTEMBER 17, 2024

That’s where Stax comes in. Do Not Use Vendor-Supplied Defaults for System Passwords and Other Security Parameters Default passwords and settings provided by vendors are often publicly known and can be easily exploited by attackers. So how can your business stay PCI compliant? Why Is PCI Compliance So Important?

Payment Services 88

Payment Services Merchant Services Payment Methods compliance 88

Stax

DECEMBER 20, 2023

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 system works very well for SaaS providers.

Merchant Services 88

Merchant Services Payment Services SaaS Payments Payments 88

Stax

FEBRUARY 28, 2024

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. This includes subscription management, revenue recognition, dunning management, integrations with other business systems, fraud prevention, and more. Adaptive pricing strategies.

Payments 88

Payments SaaS Payments Payment Services Merchant Services 88

Stax

DECEMBER 27, 2023

This is especially common for high-risk accounts, as more vetting and due diligence are typically required. High-Risk Merchant Accounts Process payments for high-risk industries Online gambling, pharmaceuticals, insurance, subscription businesses Specialized approval process, secure transactions Higher fees, additional due diligence.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Solutions 88

Stax

DECEMBER 20, 2023

Other factors you should take into account are integration with existing systems, security and fraud protection, customer support, and ease of use. Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Features 88

Stax

APRIL 18, 2024

Some well-known examples are Adobe, a design and creator platform, Autodesk, a leading construction management system; and Meditech, a healthcare information systems solution. Examples of popular SaaS apps include Shopify, an eCommerce platform, Dropbox, a cloud storage service, and Stax Bill, an automated payment processing system.

Outsourcing Services 88

Outsourcing Services SaaS Payments Payment 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. 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. This is pretty much similar to the service that PayPal offers.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

JULY 1, 2024

Businesses should look for ease of use, cost-effectiveness, scalability, compliance, and integration capabilities in potential payroll systems. Look for a user-friendly interface that streamlines common payroll services, in addition to self-service capabilities for onboarding and customer support.

Payment Solutions 88

Payment Solutions Payment Services Payment Methods Payments 88

Stax

JUNE 4, 2024

This decision impacts everything from compatibility with existing systems to security features and customer support. You may be better off with a platform-agnostic payment processing software like Stax Payments, which works with a number of leading solutions. For example, Stax offers lower transaction fees for high transaction volumes.

Payment Services 88

Payment Services Merchant Services Payment Solutions Payment Methods 88

FastSpring

DECEMBER 7, 2022

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. This is a good place to start, but there are more ways to reduce churn due to failed payments. Billing system analytics and metrics. Zoho Subscriptions.

Payment Methods 148

Payment Methods Merchant Services Payment Services Payments 148

Stax

MARCH 12, 2024

Customer payment behaviors How quickly or slowly your customers make payments has a direct impact on DSO, as timely payments by the due date keep DSO low. When interest rates are high, companies may have a less liquidity due to paying bigger loans or having difficulty securing lending, which has a knock-on effect on vendors.

Payment Features 88

Payment Features Payment Methods Payment Services Stax 88

Stax

MARCH 6, 2024

Onboard Customers: Once set up, customers can choose their subscription plan, provide payment information, and authorize the business to charge their payment method at the specified billing interval. Regularly review and optimize pricing models The subscription economy is dynamic, and customer preferences can shift.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Features 88

Stax

APRIL 17, 2024

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. “We found what we were looking for with Stax,” says Elena Battles, Director of Customer Experience.”

Payments 68

Payments Merchant Services Payment Methods Payment Services 68

Stax

JANUARY 21, 2025

Any merchant who transacts in the offline world (like brick-and-mortar stores or even mobile businesses) needs a modern point-of-sale (POS) system. But what exactly is a POS system and how do you select the right solution for your business? Talk to sales What is a POS system? What is a POS system used for?

Point of Sale 88

Point of Sale Payment Solutions Payment Services Merchant Services 88

Stax

FEBRUARY 19, 2025

As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses. For example, in fintech, ISVs provide specialized payment processing solutions that integrate with point-of-sale (POS) systems, enhancing transaction security and efficiency.

Payments 88

Payments Merchant Services Payment Services Payment Solutions 88

Stax

NOVEMBER 21, 2024

Stax, Payment Depot, and CardX are three of the very best providers in the industry. The customer can make the credit payment physically by swipe, dip, or tap, depending on your point-of-sale (POS) system , which will capture the credit card details. The payment could also be made via digital means.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

FEBRUARY 19, 2025

When choosing an integrated payment system, SaaS companies need not only the ability to enable a robust set of payment features but have the option for users to have support for their payment method. This is something not all integrated payment systems may do. That means less consistency in how payment processes support is handled.

Outsourcing Services 88

Outsourcing Services Payments Payment Services Merchant Services 88

Stax

OCTOBER 14, 2024

This hands-on experience allows you to explore the platform’s interface, understand its features, and assess its compatibility with your business systems and daily operations. Ask about the training resources and onboarding support the processor provides. One area that reviews can be particularly enlightening is for customer service.

Payment Services 88

Payment Services Payment Methods Merchant Services Payment Solutions 88