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. Let’s get started.

Merchant Services 88

Merchant Services Payfac Payment Services SaaS Payments 88

Stax

DECEMBER 20, 2023

While interchange fees are unavoidable, there are strategies to help minimize their impact, including choosing a cost-effective payment processor, implementing surcharging, and more. One such strategy includes implementing credit card surcharging to offset the cost of interchange fees. Request Quote What Are Interchange Fees?

Payment Services 167

Payment Services Merchant Services Payment Methods Payment Solutions 167

Stax

JANUARY 28, 2025

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.

Payment Methods 68

Payment Methods Payment Services Merchant Services SaaS Payments 68

Stax

MAY 20, 2024

This is important for subscription businesses due to recurring advance payments. This helps them to cover operating expenses and invest in initiatives that help to grow their business, such as promotions, marketing strategies, and customer experience strategies.

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Payment Features Payments Payment Services SaaS Payments 167

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.

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Point of Sale Payment Methods Payment Solutions Payment Services 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.

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Outsourcing Services SaaS Payments Payment Services Payment Methods 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 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

MAY 21, 2024

We’re seeing a similar trend in the legal industry, where law firms rely on case management systems to run their businesses. With management systems’ continual growth and improvement, it’s no wonder software sales are at an all-time high. If you’re selling law practice management systems to law firms, you’re definitely not alone.

Payment Solutions 88

Payment Solutions Payment Services Payments Software Review 88

Stax

MAY 16, 2024

More than 96% of hospitals use some form of EHR system to maintain records, which is good because it shows clear demand for the 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.

Payment Solutions 88

Payment Solutions Payments Payment Methods Software Review 88

Stax

SEPTEMBER 19, 2024

Metrics like churn rate, average order entry time, RFP win rate, % of orders delivered in time & in full, revenue, MOM profit margins, and more will help you develop a clear picture of how well your new QTC system is performing. Risk of errors due to complexity. Billing and invoicing software (e.g.,

Payment Services 88

Payment Services Payment Solutions Payments Payment Features 88

Stax

JANUARY 28, 2024

The customer subscription model grew in popularity partly due to the convenience that it offers to customers. When you’re offering a product or service that renews at regular intervals, having a billing strategy that aligns with this unique offering is vital. Recurring billing is a perfect fit for subscription businesses.

Payment Features 88

Payment Features Payment Methods Payment Solutions SaaS Payments 88

Stax

FEBRUARY 26, 2024

Handling payment failures and retries Payment failures are an inevitable aspect of any payment system. Recurring payment systems are designed to handle such situations by employing automated retries, so you don’t have to spend as much time on the dunning process. Why Accept Recurring Payments?

Payment Services 88

Payment Services Payment Features Merchant Services Payment Methods 88

Stax

MARCH 12, 2024

In this blog, we’re going to explore the importance of DSO, how to calculate it, and strategies to help improve DSO to create a healthier business. 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.

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Payment Features Payment Methods Payment Services Stax 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

MAY 30, 2024

Field service management software is a system that helps a company monitor and coordinate their employees’ activities off the company’s premises. Due to the differences in applications, understanding your target market is the first step to growing your FSM business. That’s why you need to have a robust marketing strategy.

Payment Solutions 88

Payment Solutions Payment Services Merchant Services SaaS Payments 88

Stax

DECEMBER 20, 2023

Here are Stax’ Top Credit Card Processing Tips. No matter if you’re just starting out or you’ve been in business for a while, making your credit card system work better can really help your business grow—by saving you money, making your systems more efficient, or improving your customer experience.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

NOVEMBER 15, 2023

This variety means there are strategies you can use to lower your overall costs associated with credit card transaction processing. Optimize transactions for lower rates Review your card acceptance policies. Do be aware there may be local regulations in your area to prevent that, though.)

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

MARCH 11, 2024

And don’t forget to read the reviews and the fine print before you buy. Both systems interact throughout the sales. Your POS system takes the card payment, while the processing provider transfers the funds. If you already have a subscription to these systems, you can bundle the equipment in a deal and find new savings.

Merchant Services 88

Merchant Services Payment Services Payment Solutions Payment Methods 88

Stax

FEBRUARY 19, 2024

In some cases, providers may offer an account manager who is tasked with offering demos or providing tailored support for company users, which helps to streamline the transition into adopting new systems or workflows. This is due to the smaller market size and longer development time needed to create tailored industry solutions.

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SaaS Payments Payment Services Payments Payment Solutions 88

Stax

APRIL 18, 2024

Choosing and setting up your mobile payment processing system should be research-intensive, but is a straightforward process, meaning once you know what you want, you can get set up fairly easily and quickly. Bluetooth, headphone jack), compatibility with your operating system, and security features.

Payment Services 88

Payment Services Payment Methods Merchant Services Payment Solutions 88

Stax

JANUARY 24, 2024

What makes this pricing strategy so appealing to businesses? Dynamic pricing systems refer to pricing models where the price of goods and services fluctuate based on a range of factors. This differs from a fixed price approach, where prices are reviewed and adjusted in regular installments. Request Quote What is Dynamic Pricing?

Payment Methods 88

Payment Methods Pricing Airlines Payment Solutions 88

Stax

JANUARY 3, 2024

Once a relatively niche offering, the COVID-19 pandemic saw retailers accelerate the rollout of self-checkout systems, their contactless nature making them a lot more appealing than traditional checkouts for many consumers. TL;DR Self-checkout systems are automated checkout solutions that allow customers to process purchases independently.

Payment Solutions 88

Payment Solutions Payment Methods Payment Services Payments 88

Stax

MAY 7, 2024

For example, the interchange fees for online transactions may be higher due to the higher risk of credit card fraud. Terminal or equipment fees – Small businesses often lease or purchase payment processing equipment, such as point-of-sale (POS) systems or credit card terminals. These fees can also vary based on transaction type.

Merchant Services 88

Merchant Services Payment Services Payment Methods Accept Credit Card Payments 88

Stax

MARCH 6, 2024

By the end of this guide, you’ll have `a clear overview of its operational framework, strategic benefits, best practices, and advanced strategies to maximize this powerful, rapidly rising payment tool. 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

FEBRUARY 5, 2024

Without strategies in place, disbursements can chip away at your hard-earned bottom line. This could include upgrading equipment, implementing waste recycling systems, or introducing energy-efficient processes. Know what works best for your business to optimize your pricing strategy without alienating customers.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

JANUARY 15, 2024

Implementing surcharging involves analyzing pricing strategy impact, communicating policies effectively to customers, and reviewing technical considerations, including cybersecurity measures. Here are more reasons to implement surcharging and optimize your payment processing strategies. Consumers pay more for the convenience.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

JANUARY 10, 2024

By understanding how credit card companies charge merchants and how these fees are calculated, businesses can explore optimization strategies to manage and reduce some of these costs. Rewards cards cost merchants more to process due to the complexity of the program and administering the perks on offer.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Facilitation 88

Stax

JUNE 11, 2024

In 2023, cash accounted for 12% of POS system transactions and only 1% of all eCommerce transactions in the US. TL;DR A cash discount program is a pricing strategy in which businesses offer customers a discount on the posted price of an item if they choose to pay by cash. This streamlines purchases and reduces the risk of theft.

Merchant Services 68

Merchant Services Payment Methods Payment Services Payment Solutions 68

Stax

MARCH 14, 2024

You should start by ensuring your pricing strategy is up to snuff. Optimize Your Pricing Strategy Pricing strategy refers to the approach that businesses use to set the prices of their products or services. Study your competitors to understand their strengths, weaknesses, and strategies. Learn More 1.

Payment Methods 68

Payment Methods Payment Services Payment Solutions Payments 68

Stax

AUGUST 13, 2024

Due to its safety, security, and ease of use, touch to pay is used by many customers at fast-food restaurants, grocery stores, gas stations, pharmacies, and even hotel lobby kiosks. Unlike good old magstripe or EMV chip cards, these require minimal contact with a point-of-sale system.

Payment Methods 88

Payment Methods Payment Services Payment Solutions Payments 88

Stax

DECEMBER 9, 2024

Strengthen Fraud Prevention Measures Implement robust fraud detection and prevention systems to minimize the occurrence of fraudulent transactions. They may review transaction records, communication between the cardholder and merchant, and any supporting documentation. How Much are Credit Card Chargeback Fees?

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

MARCH 20, 2025

Choosing the right pricing strategy is one of the most important decisions you will ever make as a business owner. The right pricing strategy will effectively convey the value of your brand, meet the expectations of customers, and maximize your revenue potential.

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Underperforming Technical Team Pricing Payment Methods Development 88

Stax

OCTOBER 21, 2024

Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide. In this article, we’ll discuss tiered pricing strategy, including the different types of cards and transactions so you can make smarter and more profitable business decisions. That’s over $10 trillion in transactions.

Payment Services 88

Payment Services Merchant Services SaaS Payments Payment Methods 88

Stax

MARCH 4, 2025

Talk to sales Understanding credit card payment integration Credit card payment integration is when a merchants point-of-sale system (for in-store sales) or website (for eCommerce sales) is integrated with a payment processor for seamless transactions. These POS systems are web-hosted and store data on remote servers.

Payment Methods 88

Payment Methods Payments Payment Services Merchant Services 88

Stax

JANUARY 23, 2024

Examining reviews of Xero vs QuickBooks Online can often lead to more confusion. There are far too many to mention here, but some of the most beneficial integrations include: CRM systems Time tracking tools Reporting tools Ecommerce platforms Email marketing tools Point-of-sale systems Inventory management Debtor tracking.

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Payment Methods Payment Solutions Payment Features Software Review 88