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ChurnZero is Customer Success software for growing SaaS and subscription businesses. Stax is an industry-leading payments technology provider that is revolutionizing the payments processing experience completely. The post Thanks to BEE, ChurnZero, Laika, Quolum, and Stax for Sponsoring SaaStr Annual 2022!
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 the case of SaaS subscriptions, this could take several months—or even years.
It is a subscription-based integrated payment platform that helps you process credit card payments. Learn More Stax offers the lowest cost of accepting credit cards among all merchant account providers. One thing to note is that Quicken only offers year subscription plans, while QuickBooks offers monthly plans.
There are many processors out there that claim to save you money, and in this post we’ll take a look at two of them: Riverside Payments and Stax. The company has EMV enabled point of sale systems to accept digital wallet payments as well as cards. Read on to discover how these solutions stack up against each other.
ACH payment is more affordable and can be automated and payee-initiated, making it ideal for recurring transactions and subscription payments. Talk to sales Understanding EFT: The Umbrella Term for Digital Transactions Ever paid for your coffee with just a tap of a card or received payment from a customer thousands of miles away?
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?
of retail sales in 2025, amounting to $6.862 trillion. Talk to sales Understanding Ecommerce Payment Solutions An eCommerce payment solution is the underlying infrastructure that allows eCommerce businesses to accept and process card and online payments seamlessly and securely. This is expected to grow to 22.6%
Contact sales 2. How to Measure and Track Customer Churn The most commonly used churn metrics include: Customer churn rate measures the percentage of customers who cancel their subscriptions over a given period, typically calculated as (Lost Customers Total Customers at Start of Period) 100.
Talk to sales What is a Payment Processing System? It links the merchants eCommerce store or point of sale (POS) system and the financial networks involved. Systems used for this include payment gateways , subscription billing software, and eCommerce platforms with built-in payments.
Churn is the percentage of customers that end their subscriptions within a certain amount of time. Your CAC is how much you spend on acquiring and onboarding a customer, and can include marketing, communications, sales, and other expenses. Churn rate. Customer lifetime value. Customer acquisition cost. Monthly/annual recurring revenue.
Set rate processing Subscription rate processing TL;DR Interchange fees are not collected by your payment processor or bank; they go directly to the card-issuing banks. By offering convenient payment options, you can attract more customers and increase sales. That’s why we introduced simple subscription-based pricing.
Embedded payments come with a lot of responsibilities, such as bank sponsorship and risk management, which is why finding the right payments partner like Stax Connect is essential to help you monetize payments and own the entire experience. What is Payment Monetization? Lets look at some of the most common methods below.
Long before the digital age, newspaper and magazine companies have been using the subscription model to create and retain a consistent readership for their publications. 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.
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.
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?
Enter card-present tokenization, a feature by Stax that enables merchants to accept payments in person and instantly tokenize payment data for future transactions. ” How it Works If you’re a Stax merchant, enabling card-present tokenization is easy and doesn’t come with additional costs.
At Stax Connect, we work with a subscription-based mode l with a 0% markup on direct-cost interchange. Case Study: Driving Effortless Digital Donations Through Stax Connect Chrimata provides non-profits a seamless way to give and receive contributions digitally. Contact Stax Connect for more information. Request Quote
Here’s an interesting stat: 70% of businesses consider subscription and membership models indispensable for future commercial growth and expansion. They must engineer a well-rounded solution that makes handling subscriptions a breeze (and yes, it is as hard as it sounds). However, only 10% of them currently employ these models.
Level Up Your Terminal with Stax Card Readers What is a Credit Card Terminal? Integrated payment systems These are terminals that integrate with the POS systems (point-of-sale), combining payment processing capabilities directly into the business’s existing software, acting as an all-in-one system.
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.
With the majority of processors relying on negotiations and tacking on hidden costs like exorbitant setup fees, dishonest monthly subscription fees, or unfavorable long-term contracts, it can be hard to know what the best rates really are. However, the percentage markup rate does not give you a full picture of your processing costs.
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.
Popular payment gateways include Authorize.net, Stax, Stripe, Adyen, and Square. Meanwhile, as we’ve already discussed, a payment gateway is the technology that actually transmits all the information, and basically is a digital version of a point-of-sales (POS) terminal. The merchant (or business) that makes the sale.
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.
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. Some companies offer “all-in-one” point of sale solutions that bundle up hardware and software.
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.
DSO, or Days Sales Outstanding, is a formula and KPI for small and medium-sized businesses to measure the average number of days it takes to collect payments from customers. TL;DR DSO is calculated by dividing Net Credit Sales by Accounts Receivable, then multiplying by the number of days in any given period.
Chargebee is a robust subscription management platform. Zoho Subscriptions. Most Chargebee alternatives are either subscription billing software or payment gateways. All revenue is yours, but FastSpring is the liable party for the sale. Below, we provide an overview of FastSpring’s subscription management tools.
In this guide, we compare six Recurly competitors and alternatives according to several categories: Subscription management and recurring billing Checkout Global payment processing Reporting and analytics Pricing Customer reviews We’ll start with a deep dive into FastSpring — our end-to-end payment solution (i.e.,
The function of the MoR – merchant of record ecommerce – has become essential for companies looking to streamline their online sales operations in the ever-changing world of digital commerce. In addition, the MoR takes on the resolution of fraudulent activities, protecting the e-commerce company from monetary losses and legal complications.
However, without a structured process to guide leads through the sales funnel, you can lose out on valuable sales opportunities to your competitors. It helps to streamline and automate the entire sales cycle, increasing efficiency and spurring higher revenues. Fortunately, this is where quote-to-cash comes in.
SMB owners wear many hats, managing everything from staff to sales. Point-of-sale (POS) systems are the all-in-one systems you see at retail stores, handling in-person transactions and often integrating with inventory management software. At Stax, we understand the juggling act all small and medium businesses contend with.
CardX by Stax is a trusted leader in helping your business seamlessly and easily implement credit card surcharging, ensuring you stay compliant and save on transaction fees. It is important to note that if there is a difference between the card and cash price, it is essential to clearly communicate through proper signage at the point of sale.
NFC even enables smart packaging to provide customers with product and usage information at the point of sale. Here’s how: Research and choose the right vendor Many different POS (point of sale) providers offer contactless payment capabilities. Any SMEs not yet on board should be looking to change that soon.
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.
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.
Without a merchant account, it’s very difficult to ensure consistent cash flow or manage multiple sales channels effectively. Different providers will charge different fees for their services, such as per-transaction fees or monthly and annual fees based on sales volume. Common merchant account fees include: Processing fees.
Owners are encouraged to ask for help from their point of sales representatives or other providers. Both systems interact throughout the sales. If you already have a subscription to these systems, you can bundle the equipment in a deal and find new savings. Want to save even more money on payment processing?
Here are Stax’ Top Credit Card Processing Tips. Optimize your credit card processing speeds Slow transactions are, at best, an annoyance to customers, and at worst, result in lost sales, especially online. Request a custom quote to see how Stax Pay can work for you. It’s best to avoid long-term contracts.
Chargify is a powerful B2B SaaS subscription management software that enables you to employ complex pricing strategies (like prepaid usage or real-time multi-attribute billing), so you can bill exactly the way you want—without the time or financial investment of building out a custom solution. They have a whole host of CRM tools to browse.
And because of the digital nature of SaaS businesses and their subscription-based business models, the ability to collect data on how the company is performing is easier and faster than ever. Enter the SaaS Magic Number, which measures the return on sales and marketing spend in generating new subscription revenue.
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. The processing type factors in whether it’s a card-present transaction (taken at a point of sale system) or a card-not-present transaction. E.g., that $0.10 to 2.54% + $0.10
Terminal or equipment fees – Small businesses often lease or purchase payment processing equipment, such as point-of-sale (POS) systems or credit card terminals. Transactions are tiered based on various criteria, such as digital transaction or point-of-sale. Stax is one card payment processor that uses this pricing model.
In contrast, dedicated merchant service providers like Stax offer robust and stable merchant accounts. With a monthly subscription model and zero interchange fees, you will save hundreds and even thousands compared to a flat-rate pricing model. Some PSPs even impose limits on transaction volume.
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