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Acquisition of BlockChyp brings new technology and industry expertise to Stax, furthering its evolution as a leading payment processor ORLANDO – October 1, 2024 – Stax , a leading payment technology provider, today announced its acquisition of BlockChyp , further expanding the company’s end-to-end processing capabilities.
In line with that, we’re thrilled to announce that Stax Connect ISVs can now give merchants the ability to accept PayPal, Venmo, and Pay Later (BNPL). Increase revenue – More payment options lead to higher transaction volumes, which means more revenue for you. Talk to sales Why Enable PayPal for Your Merchants?
For subscription-based businesses achieving consistent and predictable revenue growth is the holy grail. In fact, monthly recurring revenue (MRR) is one of the most important metrics subscription businesses should be aware of. TL;DR MRR is the average revenue that a company expects to receive each month.
When can revenue NOT be counted as revenue? The concept of unearned revenue can easily trip up SaaS companies that offer subscription services and products on a recurring basis. Unlike when selling ordinary products, you cannot recognize the revenue earned from a subscription all at once.
“In an era where technology shapes the future of payments, Stax’s vision to revolutionize embedded payments aligns perfectly with my passion for risk prevention,” said Neiconi. Stax helps drive incremental revenue through frictionless, secure, and reliable payment processing and recurring billing solutions.
Experienced payments and sales executive joins Stax leadership team to drive accelerated growth for Stax Connect and embedded payments. Stax Payments , Inc., As head of ISV Business Development at Stax, Krahl will drive market penetration into key Stax industries such as field services, healthcare, and professional services.
Stax Payments , a leading payment technology provider, has appointed Mark Sundt as Chief Technology Officer. As CTO, Sundt will accelerate the delivery of new products, features, and functionality that unlock and drive increased value for Stax customers and partners. To learn more about Stax, visit staxpayments.com.
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?
As industry leaders in billing software, our mission is to help our customers work more efficiently, recover more revenue, and effortlessly collect invoices. TL;DR A billing platform is a comprehensive system facilitating subscription management, recurring billing, revenue recognition, payment gateways, analytics, and dunning processes.
Grow Your Enterprise Value in 30 Days with Suneera Madhani , CEO and Founder @ Stax. We have hundreds of investors joining us for SaaStr Annual 2021, not to mention hundreds of post-revenue startups. How to ensure your Rev Ops team is maximizing value at your company with Pablo Dominguez, Operating Partner @ Insight Partners.
This helps the processor recoup lost revenue. Stax offers a transparent subscription model with 0% markup on direct-cost interchange. Contact the Stax team to learn more about our transparent pricing with zero hidden fees, zero markups, and zero cancellation fees. Contact us
As a SaaS business leader, reducing software user churn is an important part of maintaining your customer base and increasing revenue. Key metrics include customer churn rate, revenue churn, and net revenue retention (NRR). Lower churn leads to higher customer lifetime value (LTV), better brand reputation, and increased revenue.
On top of being a new pillar of revenue for your business, the PayFac model also gives you more control. Also, look for a system with automated chargeback management and dispute resolution to minimize revenue loss. The sub-merchant can begin accepting payments in as soon as 15 minutes from the application. Contact us
If you want to increase the user base and boost the revenue of your EHR software, you need the right tips for marketing. Integrating the EHR software with payment processing tools like Stax Connect also helps create an all-in-one platform that simplifies workflow management at hospitals and other medical practices.
Partner programs typically include technical integration, co-selling opportunities, and revenue-sharing models. In the payments industry, choosing the right ISV partner is critical; look for robust APIs, hardware support, strong onboarding, and fair revenue-sharing models. TL;DR An ISV partner collaborates with large platforms (e.g.,
Part of this can be attributed to the SaaS model’s unique aspect of relying primarily on future revenue. It makes most of its revenue from immediate, one-time purchases, like a bedroom set. To ensure revenue growth, your user churn rate must always be lower than your growth rate of new signups. Customer lifetime value.
From fostering strategic alliances to unlocking new revenue streams, the choice profoundly impacts a SaaS company’s trajectory. Assess the program’s features and benefits, including technical support, marketing resources, and revenue-sharing models, to ensure they meet your needs.
False positives can result in lost revenue opportunities and damage the processors reputation among potential clients. Rolling reserves involve holding a percentage of the merchants revenue in reserve to cover potential chargebacks or disputes. Managing false positives: Another challenge? Contact us today. Request a Quote
Having a strategy to monetize payments gives SaaS companies an additional revenue stream while enhancing the customer experience and reducing customer churn. This provides an additional revenue source for your SaaS business, which boosts your bottom line. Enter payment monetization. What is Payment Monetization?
We caught up with payment experts from Forrester and Stax to help you navigate these evolving times and achieve success with embedded payments. The right payment partner can offer the latest payment technology, support infrastructure, reliability, and revenue growth. The demand for embedded payments is huge. What are embedded payments?
That’s where Stax comes in. Without it, they may be unable to transact with customers, leading to a loss of revenue, decreased customer trust, and potentially forcing the business to close. Stax is a Level 1 PCI Service Provider. In addition to this, Stax also takes a number of steps to protect cardholder data.
Instead of pouring resources solely into acquiring new customers, smart SaaS businesses focus on increasing revenue from existing customers by guiding them to higher tiers, unlocking premium features, and expanding their usage. From a revenue perspective, this type of upsell has high margins and often leads to stronger customer relationships.
Businesses can take steps to minimize these charges in order to maximize their revenue. StaxStax is a payments processing service that caters to all types of businesses, large or small. Unlike other card processing companies, Stax doesn’t add any extra fees to the interchange.
Step 4: Test and optimize the checkout flow Testing your payment gateway and Click to Pay systems is crucial because any glitches with the system can lead to cart abandonment and reduced revenue. You should also monitor transaction data to evaluate the success of your investment in a new payment system. Your provider should help with this.
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. Real-time insights.
Faster resolution speed reduces revenue loss due to fraudulent claims. Lower transaction costs mean more revenue is retained within the business, improving the cash flow. This is where Stax comes in. Check for faster settlement times, ensuring your business funds are deposited into your merchant account quickly.
Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate. For example, Stax charges a flat monthly membership in exchange for a 0% markup rate, a transaction cost of just a few cents, and no ancillary fees.
It helps to streamline and automate the entire sales cycle, increasing efficiency and spurring higher revenues. TL;DR Quote to Cash (Q2C) is a process that covers all the steps involved in initiating and completing a sale from configuring quotes for potential customers to collecting and recording the revenue from the finalized sale.
Finance reports : [emphasis added]: “In the 2023 third quarter, Shopify’s subscription solutions revenue was $486 million, or 29% of the total $1.7 Monthly recurring revenue was $141 million. In the third quarter, Shopify took in revenue of $1.2 billion from its merchant solutions segment.
Not to mention, payments serve as an additional (and highly lucrative) revenue stream for SaaS companies, so your business will also enjoy a healthier bottom line. How a PayFac like Stax can help A business can choose to open a merchant account on their own but the process can be laborious and time-consuming.
In this guide we will discuss the following: What is Payment Tokenization How Payment Tokenization Works Payment Tokenization vs. Encryption SaaS Payment Tokenization Requirements Benefits of Payment Tokenization SaaS Payment Vulnerabilities Using Stax Connect and Payment Tokenization Lets get started. What Is Payment Tokenization?
Popular payment gateways include Authorize.net, Stax, Stripe, Adyen, and Square. In other words, if you’re going to make digital payments or venture into the world of eCommerce, you’ll need to have a payment gateway like Stax. Many payment gateway services maintain this model to protect their expected revenues.
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.
You may be better off with a platform-agnostic payment processing software like Stax Payments, which works with a number of leading solutions. Also, Stax integrates seamlessly with thousands of third-party apps, including all the popular CRM, marketing, and financial apps used by most businesses.
The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. If you’re on a tight budget, partnering with an ACH PayFac that operates on a custom revenue-sharing model would be the best option.
Doing so not only streamlines the payment process for your merchants but also opens up a new revenue stream for your company through transaction fees or value-added services. That’s why it’s not uncommon for SaaS companies and ISVs to find payment partners (like Stax Connect) who can help them implement payment services.
Independent Software Vendors (ISVs) and Software-as-a-Service Providers (SaaS) operate within the same market, thus creating a push-and-pull revenue dynamic. Examples of popular SaaS apps include Shopify, an eCommerce platform, Dropbox, a cloud storage service, and Stax Bill, an automated payment processing system.
Did you know that the delinquency rate for small businesses has reached a record high owing to inflation and declining revenues? All this can be challenging, so it’s best to partner with a surcharging expert like CardX by Stax. That’s why it helps to work with companies like CardX by Stax that can help you comply with all regulations.
Recurring payments provide greater predictability for cash flow and allow businesses to plan for future revenue more accurately. Recurring payments play a major role in ensuring a steady and predictable recurring revenue stream for businesses. Consistent revenue streams are crucial for financial stability in any business.
At FastSpring, our developers (and our entire staff) are happy to help you build the right payment solution and answer any questions you may have, regardless of your monthly revenue. These reports are divided into two main dashboards: Revenue Overview and Subscription Overview. Customer Reviews: Chargify and SaaSOptics as Maxio has 4.2
There’s no denying that it’s an ideal strategy to help maximize your revenue and improve your cash flow, as you’ll be able to save upwards of thousands of dollars via processing fees each year. However, with non-cash payments constantly on the rise, most businesses will lose out on revenue if they only take cash.
This practice promotes fair and stable pricing and guarantees you retain all your revenue. Start Surcharging with CardX by Stax CardX by Stax delivers advanced solutions for surcharge management. Keep 100% of your revenue in full compliance. But the surcharge amount isn’t up to your discretion. Request a free demo today.
The most potent benefit of the subscription-based business model is that companies are guaranteed a fixed revenue stream—if they can retain their customers or subscribers. Plus, it makes your subscribers happy to stick around longer, which means more revenue for your business.
SaaSOptics is the bridge between a company’s CRM and general ledger that prevents revenue from falling through the cracks. SaaSOptics automates your expense and revenue recognition , helping you keep your data clean and making audits a breeze. Stax prides itself on being more than just an invoicing platform. SaaSOptics.
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