This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
It can be easy to consistently double revenue if you’re an early-stage company, but as you scale up, sustaining that becomes more difficult. Your CAC is how much you spend on acquiring and onboarding a customer, and can include marketing, communications, sales, and other expenses. Customer acquisition cost. More on that later.
There are some important variations to MRR that would be good for your sales team to be aware of, including new MRR, expansion MRR, and churn MRR. Talk to sales What is Monthly Recurring Revenue (MRR)? Here are some of the key ways you can scale your MRR. Let’s get started.
Comparison of both platforms will use the following criteria: Features Ease of use Integrations Mobile app Customer support Pricing User reviews Scalability Security Learn More What is The Major Difference Between Quicken and QuickBooks? Learn More Stax offers the lowest cost of accepting credit cards among all merchant account providers.
To the incredible Stax community: allow us to take a moment to recognize a milestone that we are extraordinarily proud of—our 10th anniversary. Sprinkled throughout this article are quotes from some of Stax’s long-standing employees, because who better to tell the company’s story than the people who help make it happen?
In this article, we’ll explore the significance of billing platforms in contemporary business, delve into the features that set Stax Bill apart, and guide you through the process of selecting the right billing solution for your unique needs. said Suneera Madhani, founder and CEO of Stax. “The
Worldpay stands as a leading global payments company, offering a comprehensive suite of payment processing solutions to merchants and financial institutions across the globe. One of the most notable events in Worldpays history was its 2018 merger with Vantiv, a leading U.S.-based based payment processing company.
Lead generation involves varied relentless efforts that include content marketing, email outreach, digital ads, cold calls, and more to convince and nurture potential customers. However, without a structured process to guide leads through the sales funnel, you can lose out on valuable sales opportunities to your competitors.
Interoperability with your existing software tools and apps: the payment processing platform must be interoperable with your existing software tools, like CRM (Customer Relationship Management), inventory management, POS (Point of Sale), and accounting software. Your provider should help with this. Speed Quick and seamless checkout process.
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. Make sure to choose solutions that can scale with you. What’s on the roadmap for your retail store?
At Stax, we do things differently and offer subscription-based pricing with access to direct cost processing, and no hidden fees. That means that instead of taking a cut out of your sales, we’ll just charge a flat membership fee with wholesale credit card processing costs, saving you up to 40% in payment processing costs.
Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn all about mobile payments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ productivity. This will directly lead to an increase in sales volume and revenues.
Depending on the business type, merchant processing solutions are of two types: Point-of-sale (POS) systems POS systems are a popular payment collection system, with more than 93,300 companies using them in the US alone. Here’s a list of reliable merchant processing companies based on their services, features, and pricing: 1.
Here’s a step-by-step strategy you can use to boost sales for your EHR tools: TL;DR Electronic health records, or EHR, is a software used to maintain patient records across multiple facilities. Learn More Understand Your Market If you want high ROI for your sales efforts, you need to sell to your target market.
You should consider factors like integration capabilities, user experience, scalability, and pricing structures, to ensure a seamless and cost-effective payment process. You may be better off with a platform-agnostic payment processing software like Stax Payments, which works with a number of leading solutions.
Fees and Pricing Structure You’ve most likely agonized over your credit card processing rates and wondered whether or not you have the best ones possible. Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate.
Software as a Service (SaaS) has made business software more accessible by offering cloud-based, on-demand access to a range of solutions, from project management and collaboration to sales and marketing. Subscription-based model Subscription pricing is the most common model used by both horizontal and vertical SaaS providers.
This is good news because it means you won’t have to inflate your base prices to cover payment processing fees. It helps businesses maintain their pricing structure while offsetting credit card payment processing expenses. This practice promotes fair and stable pricing and guarantees you retain all your revenue.
Spreadsheets quickly become unwieldy for a scaling SaaS company; SaaSOptics is the financial reporting tool you’ll never outgrow. As the world’s #1 CRM platform, Salesforce can do everything from providing more insight into customers or sales to improving inter-company communication for better customer service.
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. With proper integration, they can minimize billing errors, enable adaptive pricing strategies, and provide real-time insights to enhance overall efficiency. Real-time insights.
To learn more about how FastSpring can help you scale quickly, sign up for a free account or request a demo today. All revenue is yours, but FastSpring is the liable party for the sale. FastSpring takes the lead to solve the issue on your behalf. For example: If the price at checkout is different than it was on the website (e.g.,
Without a merchant account, it’s very difficult to ensure consistent cash flow or manage multiple sales channels effectively. Understanding Fees and Charges Associated with Merchant Accounts Assessing the pricing structure used by merchant account providers is important to understand the cost of accepting electronic transactions.
monthly, quarterly, annually) as well as handling numerous pricing models like tiered pricing, usage-based billing, legacy plans, and more. Customizable subscription plans and pricing models SaaS businesses need plenty of flexibility and space to switch gears and adjust subscriptions in response to data.
Successfully implementing subscription billing requires a strategic approach, including choosing the right pricing strategy, selecting a comprehensive billing solution, and managing customer payment information efficiently. First, the customer chooses the pricing plan that fits their needs. What is Subscription Billing?
Enter the SaaS Magic Number, which measures the return on sales and marketing spend in generating new subscription revenue. TL;DR The SaaS Magic Number is a metric, somewhat similar to ROI, but designed to assess the efficiency and effectiveness of a company’s sales and marketing strategies. What is the SaaS Magic Number?
Predictable flat-rate pricing and billing A flat-rate pricing model is simple and transparent, which makes it easy for you to calculate and monitor your payment processing costs. In contrast, dedicated merchant service providers like Stax offer robust and stable merchant accounts.
Generally, but not always, B2B transactions tend to occur less frequently but at far higher amounts, involving extended sales cycles, negotiations, contracts, and on-going relationships between the two businesses. In the United States, at least, there is generally no negotiation involved so the price of a given item or service is predictable.
Failure to comply with these regulations can lead to significant consequences, including fines and other legal actions. However, they come with higher processing fees for merchants and can lead to interest charges and debt accumulation for consumers if the balance is not paid in full by the due date. Are EFT Payments Safe?
Embedded Insurance Embedded insurance allows customers to purchase insurance for products or services at the point of sale. Embedded Lending Embedded lending or Buy Now Pay Later (BNPL) enhances customers’ purchasing power by allowing them to access favorable lending options at the point of sale.
Years ago, point-of-sale (POS) systems were reserved for large enterprises with big budgets. Whether you run a brick and mortar retail business or a multi-location restaurant, you can always find an option for every price point. But if you’re new to point-of-sale systems, you might not know what exactly you’re looking for.
Select the Right Self-Checkout Solution There’s a range of factors to consider when choosing self-checkout technology, particularly when you’re implementing a large-scale solution that means considerable changes to your storefront: Cost. Get in touch with Stax to discuss your needs. Scalability.
That said, these tools are more than just a means to accept payments; they represent a comprehensive solution that integrates sales, inventory management, and customer data into a unified system. These features simplify transactions, bolster security, and provide valuable insights into customer behavior and sales trends.
Small business CRM software can give you a competitive edge to boost productivity, sales, and growth. For small business owners, harnessing the power of a CRM system means having a comprehensive view of customer interactions, tracking every sale and service request, and implementing strategic data-driven decisions.
To access these functionalities, most companies work with an independent software vendor (ISV) partner, which essentially is a software company or app that works with another ISV company to drive their digital transformation and revenue sales, improve scalability, and enhance business processes.
At Stax, we describe that journey in three key phases: build, launch, and grow. Then, as you scale your payments program, you also need to think about growth. As Ricky Dunbar , Stax’s VP of Professional Services, puts it, “Everyone who’s part of your organization or ISV needs to be bought in.
TL;DR Choose a payment gateway compatible with your business model, whether for eCommerce, subscriptions, or omnichannel sales. Its a digital evolution of the conventional point-of-sale (POS) terminal. Ideally, choose a payment gateway that supports your primary sales channels and aligns with your needs.
To choose the right solution, you need to look at various factors when evaluating potential providers, including supported payment types, transaction fees and pricing structures, payout speed, and PCI DSS compliance. Think of the gateway as the online equivalent of a card reader or point of sale (POS) system in a brick-and-mortar store.
For companies looking to scale, Independent Software Vendors (ISV) are a crucial tool that provides specialized software solutions that integrate seamlessly with existing business tools. As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses.
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. The right solution will enable you to ring up sales with ease, as well as manage the various components of your business. Talk to sales What is a POS system? Lets get started.
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 idea is to identify the best pricing model for your business.
Merchant services help small businesses simplify payments, save money with transparent pricing, and secure transactions with fraud protection and PCI compliance. To choose a merchant service provider, compare pricing structures, review contract terms, check system compatibility, and prioritize responsive customer support.
Without these, you risk losing sales, slowing down checkout times, and letting fraud creep in. Talk to sales 7 Different Types of Contactless Payments You dont have to jump on every type of contactless payment out there. Tapping the device on a payment terminal finalizes the sale. It works much like a mobile wallet.
Contact sales Here are some factors to examine when making a decision to Outsource Integrated Payments Support. Direct Oversight: Internal teams handle customer issues directly, leading to potentially faster resolutions and better alignment with company policies.
Examining reviews of Xero vs QuickBooks Online can often lead to more confusion. The former will deal with purchase orders and ringing up sales at the register, while the latter will need capabilities related to invoicing and managing client records. Pricing Xero offers three pricing plans: Early, Growing, and Established.
Understand the difficulties you may face with a processor’s pricing or support. Need to send invoices or only take payments at a point-of-sale? Compare Pricing Structures Payment processors offer various pricing models, such as flat-rate, interchange-plus, or tiered pricing. Are you operating internationally?
We organize all of the trending information in your field so you don't have to. Join 80,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content