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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

By the end of 2020, that rose to 78%. Between 2019 and 2020, there was an 8% rise in the number of consumers increasing their payment options to two or more types of digital payments. The adoption of digital payment systems in the US has grown, with 78% of consumers using at least one type by the end of 2020.

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Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

Payment Gateway: A service provider that facilitates communication between the merchant’s POS system and the acquiring bank’s payment processing system. 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.

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Mobile Credit Card Processing Explained: What Business Owners Need to Know

Stax

Merchants can accept payments anywhere with mobile credit card processing, eliminating the need for a fixed point-of-sale terminal. That can mean paying the plumber by credit card in their own house or paying for a sweater with the sales associate who helped them pick it out, rather than going to find the POS desk.

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What is B2B Payments Processing and How Do You Implement It?

Stax

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Between 2019 and 2020, the number of U.S. Plus, with an open Payments API, you can easily integrate Stax with your existing solutions to enhance your technology infrastructure.

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5 Benefits of ACH Payments Over Check Payments

Stax

Setting up ACH payments is easy with a great merchant account service like Stax. In 2020 there was an average of 1.4 A recent study by the Better Business Bureau states that fraud and identity theft rose by 45% from 2019 to 2020. Learn More ACH Payment Versus Check Payments: What’s The Difference?