Remove 2023 Remove Point of Sale Remove Stax
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What is Vertical SaaS?

Stax

in 2023 with a projected CAGR of 9.6% If you’re looking to integrate a complete payments ecosystem within your vertical SaaS platforms—quickly and inexpensively—look no further than Stax Connect. Benefits of Vertical SaaS The growth of the vertical SaaS industry continues to follow an upward trend. through 2034.

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How are Interchange Fees Calculated?

Stax

In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. Transactions at points-of-sale where a customer physically swipes or inserts their card have lower interchange fees. Transaction type Again, the larger the risk, the higher the interchange fee.

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

Stax

On top of that, 69% of Americans online in 2023 said they used digital payment methods to make a purchase. It links the merchants eCommerce store or point of sale (POS) system and the financial networks involved. According to the US Federal Reserve in 2022, general-purpose card payments reached $153.3 trillion in value.

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Credit Card Surcharge Guidance: A State-by-State Overview of Surcharging Laws

Stax

billion in fees for accepting Mastercard and Visa credit cards in 2023. This is where partnering with a payment processing provider like CardX by Stax can be especially useful. Brick-and-mortar stores have to install signage at every point of sale (POS) and entrances that explain surcharge fees to customers.

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How to Select the Best POS System for Small Business

Stax

Years ago, point-of-sale (POS) systems were reserved for large enterprises with big budgets. Today, a small business is barely complete without a POS system. If you feel left out, the good news is that there’s a POS system out there ideal for your business. Finding one for your business can be overwhelming.

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Vantiv Worldpay Merchant Services by FIS

Stax

The FIS and Worldpay Separation in 2024 Despite the high expectations following the merger, FIS announced in 2023 that it would be spinning off Worldpay into a separate company. Stax and Worldpay: A Powerful Partnership Stax is one of the largest Independent Sales Organizations (ISOs) partnered with Worldpay.

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What is a Payment Gateway and How Does It Work?

Stax

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. It’s also the software in your POS system or card readers that processes the customer’s payment data in a brick-and-mortar setting. A payment gateway is a must-have for online stores.