Stax
NOVEMBER 20, 2023
Create packages of complementary products at a discounted price to offer value and convenience. E.g., a “Family Movie Night Bundle” that includes a DVD, popcorn, and candy at a reduced price. This November 2023, implement the 8 tips above to thrive during the holiday season and be one of the neighborhood champions. Bundle deals.
Stax
JANUARY 24, 2024
The phrase “dynamic pricing” often sparks heated debates in eCommerce and retail, and it’s not hard to see why. If you’ve ever booked a hotel, ordered an Uber, or shopped on Amazon, you’ve experienced the effects of dynamic pricing in real-time. Prices may shift down or up at a moment’s notice.
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Stax
JANUARY 31, 2024
The Visa interchange fee increases occurring in both October 2023 and April 2024 are expected to cost an additional $502M in yearly fees for all relevant merchants. The first occurred in October 2023. This is particularly true if the credit card processor uses an interchange plus pricing model. The second occurs in April 2024.
Stax
JANUARY 28, 2024
Successfully implementing subscription billing requires a strategic approach, including choosing the right pricing strategy, selecting a comprehensive billing solution, and managing customer payment information efficiently. First, the customer chooses the pricing plan that fits their needs. What is Subscription Billing?
Stax
JANUARY 22, 2024
That’s the value of eCommerce transactions that took place in 2023 in the U.S. Because they focus on the individual transaction and operate more as individual software platforms, payment gateways frequently employ a subscription-based pricing model or charge a flat rate per transaction.
Stax
DECEMBER 6, 2023
Service providers such as CardX by Stax help companies offset some of these fees in a compliant and seamless way. Surcharges are typically a percentage of the total purchase price and can range from 1% to 4%. By surcharging credit card transactions, merchants can recoup some of these costs and keep their prices competitive.
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. Contact us to get started with CardX by Stax today. In 2022, industry data shows that credit card companies earned a whopping $126.4
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