Remove 2023 Remove Customer Support Remove Payment Methods
article thumbnail

What is a Payment Processing System and How Does It Work?

Stax

According to the US Federal Reserve in 2022, general-purpose card payments reached $153.3 On top of that, 69% of Americans online in 2023 said they used digital payment methods to make a purchase. Youll be locking out a significant customer segment with high purchasing power to propel your business forward.

article thumbnail

Cyber Weekend Benchmarking Data: 2024 SaaS and Software Holiday Spend Report

FastSpring

We provide an all-in-one payment platform for SaaS, software, video game, and other digital product businesses, including VAT and sales tax management, payment localization, and award-winning consumer support. Learn more about FastSpring’s global payments. Need assistance with your FastSpring store?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Credit Card Processing Rates: How Much Does It Cost to Process Payments in 2025?

Stax

Merchants paid a record $172 billion in payment processing fees in 2023. TL;DR The credit card processing fees a business pays, are a combination of the different fees charged by key players in the payment processing ecosystem. Merchant – The business accepting credit cards from customers. Let’s get started.

article thumbnail

Breaking Into Asia? Benchmarking Data and Insights on SaaS Subscriptions in Asia

FastSpring

and Asia, this subscription rate difference represents a 16% lower lifetime value (LTV) for Asia-area customers. That said, there’s a silver lining: While monthly retention in the EU and North America remained stable from 2023 to 2024, Asia’s monthly retention rate improved by approximately 3%, showing positive momentum.

article thumbnail

8 Top Stripe Alternatives: In-Depth 2023 Guide

FastSpring

Most Stripe alternatives fall into one of two categories: (1) payment processors, or (2) a billing solution that covers payment processing and other aspects of billing such as fraud detection, checkout, and more. can provide payment processing, order fulfillment, financing options, and more. MoRs for SaaS Companies.

article thumbnail

Quicken vs QuickBooks: Which is Best for Small Businesses?

Stax

Research shows that 64% of small businesses use accounting software and the market for accounting software solutions is projected to be worth $4.3billion by 2023. There are many good products in the market that provide you with all of the features you need, but we will only focus on Quicken software and Intuit’s QuickBooks Online.

article thumbnail

What is a Payment Service Provider (PSP) and How Do They Work?

Stax

The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. The question is: how do payment service providers work and how can you choose the right one for your business?