article thumbnail

Everything You Need to Know About Secure Payment Processing Systems

Stax

Data protection and security are crucial not just for safeguarding customer information, but for protecting business owners as well. Having and maintaining secure payment systems is integral for protecting yourself and your customers. Enter secure payment systems (SPS). What Are Secure Payment Systems?

article thumbnail

What is a Payment Management System?

Stax

TL;DR Payment Management Systems manage payment processing so you can accept payments, send invoices, track transactions, and view financial data. Government agencies have a payment management system to manage grant award payments, making the search for payment management system information more complicated.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Recurring Billing: Definition, How it Works, and Best Practices

Stax

For businesses offering subscriptions, memberships, retainers, and other recurring services, recurring billing is a powerful solution to streamline processes and ultimately enhance revenue generation. Consider this: Consumers are already conditioned to the subscription model. Learn More What is Recurring Billing?

article thumbnail

What is an ACH Deposit and How Does It Work?

Stax

Nearly 93% of Americans receive payments through direct deposit and ACH payments make it simpler for employers to manage funds without handing out physical checks or dealing with pesky extra fees. While employers cannot batch ACH direct deposits, they can set up recurring payment methods within their Automated Clearing House.

article thumbnail

How to Streamline Your SaaS Clients’ Merchant Underwriting Process—and Improve Adoption Rates

Stax

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 is what we call payment adjacency,” explains Richard.

article thumbnail

What is a Surcharge Fee? How it Helps Consumers and Businesses

Stax

Now ubiquitous, credit cards provide consumers with a quick and secure payment method, often with rewards and other perks. Service providers such as CardX by Stax help companies offset some of these fees in a compliant and seamless way. Learn More What is Credit Card Surcharging?

article thumbnail

Visa Interchange Rates 2024: What You Need to Know

Stax

Audit your data security measures. Secure payment processing methods can result in reduced fees, as the card networks offer reduced fees on transactions they deem less risky. A great payment provider can save your business tons of money in processing fees. Improve your customer retention strategies. in-person, online).