Remove 2023 Remove PayPal Remove Software Remove Stax
article thumbnail

Payment Security: Everything You Need to Know About Secure Payments

Stax

In 2023, the cost of fraud to online businesses was $48 billion globally, according to Mastercard. Other trending payment methods include peer-to-peer (P2P) payment apps like PayPal or Venmo are a secure and convenient way to transfer funds between people and businesses. Let’s talk about the “F” word—fraud.

article thumbnail

Everything You Need To Know about Merchant Processing and How To Choose the Right Solution for Your Needs

Stax

They consist of the hardware and software components required to process an in-person payment. Many POS systems are also equipped with software that helps with other business processes like inventory and staff management, in addition to payment processing. Easy switch between POS and mobile payments using the Stax app.

Insiders

Sign Up for our Newsletter

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

article thumbnail

A Primer on Simple Mobile Payments for Small Business: What Merchants Need to Know

Stax

Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn all about mobile payments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ productivity. Your customers are busy and so are you.

article thumbnail

What Is an ACH Payment Facilitator?

Stax

In Q3 of 2023, the total volume of payouts on ACH networks reached 7.8 TL;DR A payment facilitator (PayFac) is essentially a SaaS vendor or software provider that enables its users (businesses) to accept online payments from their customers through the platform itself. This is pretty much similar to the service that PayPal offers.