Stax

AUGUST 1, 2024

Non-compliance can lead to hefty penalties and even suspension of their merchant accounts. Merchants should be aware of Visa’s surcharging rules as non-compliance can lead to fines ranging from $50,000 to $1 million. Starting April 15, 2023, merchants only have to notify their acquirer 30 days before they start surcharging.

Merchant Services 88

Merchant Services Payment Services Payment Methods Stax 88

Stax

FEBRUARY 15, 2024

FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. In the ISO model, an ISV partners with a third party that handles merchant account setup, payment processing, risk, and compliance.

Payment Services 88

Payment Services Merchant Services SaaS Payments Payment Methods 88

Stax

SEPTEMBER 17, 2024

In fact, research from 2023 shows that 69% of Americans said they’ve used a digital payment method in the past 3 months when making a purchase. Benefits of using a payment gateway include a simplified purchasing experience for customers, increased operational efficiency, and PCI compliance.

Payment Services 88

Payment Services Payment Methods Merchant Services Payment Solutions 88

Stax

APRIL 30, 2024

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.

Merchant Services 88

Merchant Services Payment Services Payment Solutions Payment Methods 88

Stax

APRIL 2, 2024

And with merchants expected to pay as much as $502 million extra after price hikes in 2023 and 2024, these fees are shooting up faster than the transaction amounts spent on purchases. Once it’s up and running, make sure you have point-of-entry and POS signage. Learn More What is Credit Card Surcharging?

Merchant Services 88

Merchant Services Payment Methods Payment Services Accept Credit Card Payments 88

Stax

DECEMBER 13, 2023

So make sure to follow all rules related to the placement, content, design, and compliance of your signage. Understanding Credit Card Surcharges Card networks not only help businesses process credit card payments but they also regulate the industry by establishing surcharging rules and maintaining compliance. Take a look below.

Merchant Services 88

Merchant Services Payment Methods Payment Services Accept Credit Card Payments 88

Stax

AUGUST 29, 2024

TL;DR PSPs help businesses accept credit cards, digital wallets, ACH transfers, recurring payments, and other types of mobile payments, while also providing POS systems and the integrated software required for managing business financial operations. The company also provides a card reader and mobile POS app for free.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

JUNE 11, 2024

In 2023, cash accounted for 12% of POS system transactions and only 1% of all eCommerce transactions in the US. cost of processing, merchant service fees, and additional fees like chargeback fees, compliance fees, equipment fees, monthly fees, etc.) This streamlines purchases and reduces the risk of theft. Visa, Mastercard, etc.)

Merchant Services 68

Merchant Services Payment Methods Payment Services Payment Solutions 68

Stax

JANUARY 22, 2024

That’s the value of eCommerce transactions that took place in 2023 in the U.S. A payment gateway can be the POS system where you swipe your card in-store. Stax Connect provides the infrastructure and tools necessary for these companies to handle transactions, manage sub-merchant accounts, and ensure compliance, all under their brand.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

AUGUST 20, 2024

Some challenges and considerations of embedded finance and fintech involve regulatory and compliance issues, data privacy and security, and stiff competition. Embedded Insurance Embedded insurance allows customers to purchase insurance for products or services at the point of sale.

Payments 88

Payments Payment Methods Merchant Services Finance 88

Stax

MARCH 21, 2024

billion in 2023 and is projected to cross $250 billion this year. Security and compliance SaaS providers put a lot of effort into protecting their applications as well as business data. Data protection and PCI compliance should be the top priorities of embedded payments providers. Q: What are the basic components of SaaS?

SaaS Payments 88

SaaS Payments Payment Services Payments Payment Methods 88

Stax

DECEMBER 6, 2023

Credit card surcharging is subject to regulations and compliance requirements that vary by region and country. When a customer chooses to pay for their purchase with a credit card at the point of sale, the merchant adds a surcharge to the transaction. Learn More What is Credit Card Surcharging?

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

JANUARY 17, 2024

In Q3 of 2023, the total volume of payouts on ACH networks reached 7.8 Provides compliance and security advantages ACH payments are one of the most secure payment options your customers can have. If you have just started a business, look for a PayFac that offers POS, exclusive ACH processing, and reporting features.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

NOVEMBER 15, 2023

Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards. Surcharging ensures cost recovery but requires compliance with regulations and customer education for long-term success.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

SEPTEMBER 24, 2024

In 2023, card brands in the U.S. You must also ensure compliance with card network regulations. Compliance – Cash discount programs are regulated under various legislations. Your provider should be able to reprogram your payment hardware and software, create a robust cash management strategy, and ensure compliance.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Subscription Flow

FEBRUARY 16, 2024

Shopify offers point-of-sale support for in-person transactions in addition to online sales. By doing this, you not only lower the chance of breaches of data but also avoid any compliance-related problems. It also offers funding options and financial management tools to improve the financial stability of your company.

Payment Methods 52

Payment Methods Payment Services SaaS Payments Merchant Services 52

Unbounce

MAY 6, 2024

It’s a hit, and Starbucks knows it—their ads for the offer are as specific as can be to make sure their customers don’t miss out: If you’re promoting a sale, a limited-time offer, or another time-sensitive deal, call attention to the timeframe. Appeal to FOMO. This is a great way to motivate interested customers to act fast.

Payment Methods 59

Payment Methods Strategy Payment Services SaaS Payments 59

SmartKarrot

JANUARY 21, 2021

To augment Data Compliance: With the creation of a unified, structured customer data platform, you can now easily mitigate some of the associated risks with data compliance. This sees that the profiles get activated in no time and the data can be accessed almost instantly. Why do you need it? That’s a Wrap.

Data 10

Data Artificial Intelligence Machine Learning Systems Review 10