article thumbnail

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

Stax

trillion in 2021. Since the big players in the landscape generally all offer a robust set of services, data shows that most SMBs are satisfied with their payment processors and aren’t likely to switch. Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate.

article thumbnail

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

Stax

Processor: An entity responsible for handling transaction data between the merchant, acquiring bank, and card networks. However, 2020 and 2021 have been exempt from these changes, which are paused until April 2022 , giving merchants some respite from the financial stress of the pandemic. to 2.54% + $0.10 Mastercard : 1.29% + $0.05

Insiders

Sign Up for our Newsletter

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

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.

article thumbnail

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

Stax

At its most basic level, these tools help you to track your earnings and expenses so that you can monitor cash flow, make accurate reports, analyze your financial data and optimize your efforts. ” – 18th August 2021 Xero’s reviews are consistently strong, and it gets high customer ratings, such as: 8.7

article thumbnail

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

Stax

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. The data must be securely kept for at least five years after the account is closed should it be needed down the road. trillion a year.