Remove 2021 Remove Data Remove Payment Methods Remove Stax
article thumbnail

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

Stax

With cashless now BEING king, credit and debit cards are the primary method for your customers to make payments. of consumer payments came through card payments. And electronic payments were at 14.2%, closing in on cash at 15.5%. Credit card and debit card payment processing fees apply to them all.

article thumbnail

Is Quickbooks Desktop Being Phased Out?

Stax

When it’s become so easy for users to access and share data remotely and sync changes in real-time, desktop applications are appearing increasingly cumbersome. TL;DR Intuit has announced the discontinuation of QuickBooks Desktop 2021 by May 31, 2024, and will stop selling certain subscriptions of QuickBooks Desktop after July 31, 2024.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Know Your Customer (KYC): What It Is and How to Comply

Stax

That’s the amount of non-cash payments made in the U.S. in 2021, according to the Federal Reserve. Of course, financial criminal activity doesn’t have to just lead to monetary loss—it could also lead to a data breach of customer information. Either way, the stakes can be high and the consequences far-reaching.

article thumbnail

How To Find the Best Credit Card Processor for Small Business in 2024

Stax

Although credit cards have been around since the 1950s, in recent years, they’ve started to dethrone cash from its position as king of payment methods. With a whopping 84% of American adults owning at least one credit card (the average is 3 credit card accounts per person), card payments reached $9.43 trillion in 2021.

article thumbnail

Xero vs QuickBooks Online: Which Accounting Software is Best for Your Business?

Stax

Most small business owners hunting for cloud accounting software will find themselves trying to choose between the two most popular names: Xero and QuickBooks Online. Examining reviews of Xero vs QuickBooks Online can often lead to more confusion. Both are comprehensive tools that tick all the foundational boxes.