Remove Retention Remove Stax Remove Systems Review
article thumbnail

What is a Payment Processing System and How Does It Work?

Stax

To address evolving customer demands and accept electronic payments, you need a payment processing system. A good system plays a vital role in managing cash flow, alleviating fraud risk, and enhancing customer satisfaction. This article dives into what a payment processing system is, how it works, and its benefits.

article thumbnail

The Ultimate Guide to Software Customer Churn

Stax

Key metrics include customer churn rate, revenue churn, and net revenue retention (NRR). Aspects can include making sure you have the right ticketing system in place for customer support, sending the right follow-ups at the right time, or even ensuring you have a good feedback loop in place. Looking to measure churn?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Empowering Your Business with Stax Bill: A Comprehensive Guide to Billing Platforms

Stax

However, staying focused on the big picture can be challenging if your business is bogged down by repetitive payments and intricate billing procedures—both common hurdles for a billing system with inadequate functionality. Stax Bill simplifies invoice and subscription billing management by automating manual financial processes.

Stax 88
article thumbnail

What is Click to Pay and How Does It Work?

Stax

The payment system unified all the distinct online checkouts offered by Visa, American Express, Mastercard, and Discover, and once customers register their cards with any of the major card networks, they only need to tap the Click to Pay button on the websites of online retailers and service providers to make payments.

article thumbnail

Understanding Risk Management Strategies as a PayFac

Stax

However, setting up and managing a payment system can be complex and overwhelming. Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. You need thorough due diligence, technology, and adherence to regulatory guidelines in your risk management strategy.

article thumbnail

Unearned Revenue: What it is and What it Means for Subscription Businesses

Stax

This is important for subscription businesses due to recurring advance payments. Moreover, these longer subscription cycles and recurring payments help to foster stronger loyalty and retention over time, especially for SaaS products, where subscribers grow accustomed to having access to certain capabilities.

article thumbnail

What is an ISV Partner? Here’s Everything You Need to Know About Independent Software Vendors

Stax

Think: cloud platforms and operating systems like Microsoft, Amazon Web Services (AWS), the Salesforce ecosystem, or a payment platform. This could mean building an app that runs on Azure, integrating payments through Stax Connect , or creating an add-on for Oracles software suite. What is an ISV Partner? Pro tip: plan ahead.