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Everything You Need To Know about Merchant Processing and How To Choose the Right Solution for Your Needs

Stax

In addition, they also ensure the privacy of business data and compliance with laws and regulations. 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.

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Recurring Payments: Definition and Implementation Best Practices

Stax

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.

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What Is an ACH Payment Facilitator?

Stax

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processing costs, and enhanced security. This is pretty much similar to the service that PayPal offers.

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Payment Security: Everything You Need to Know About Secure Payments

Stax

Other trending payment methods include peer-to-peer (P2P) payment apps like PayPal or Venmo are a secure and convenient way to transfer funds between people and businesses. Ultimately, PCI DSS compliance helps prevent fraudulent transactions, mitigates data breaches, cultivates customer trust and protects your business.

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Top ISV Companies that Integrate Payments [2024 List]

Stax

When it comes to payments,partnering with an ISV like Stax Connect is a great way for companies to go to market with their own payment platform. It’s important to carefully go through criteria like transparency, PCI compliance, and payment monetization when selecting an ISV payments partner.

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What are Merchant Accounts and How Do They Work?

Stax

This is especially common for high-risk accounts, as more vetting and due diligence are typically required. Online Merchant Accounts Process payments for online businesses eCommerce websites, marketplaces, mobile apps Secure payments, fraud prevention, payment gateway integration PCI DSS compliance, multi-currency, recurring billing.

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How to Find the Best SaaS Billing Platform: A Complete Guide

Stax

But if you’re a B2B solution, there’s a high likelihood that businesses will be interested in being able to accept customer payments, rather than just sending them a PayPal link or to a generic payment gateway. Both systems allow you to craft personalized subscription plans based on user needs and preferences.