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Small Business Saturday Success Tips for 2023

Stax

Participating in Small Business Saturday can help SMBs boost revenue, foster customer loyalty, and strengthen the local economy. Increased revenue Small Business Saturday drove an estimated $17.9 Review your revenue for the day and compare it to previous Small Business Saturdays to gauge your success.

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Visa Interchange Rates 2024: What You Need to Know

Stax

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. Building a reliable customer base can help offset concerns about your profit margins, since it makes revenue forecasting more reliable.

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Subscription Billing for Businesses: Everything You Need to Know

Stax

The most potent benefit of the subscription-based business model is that companies are guaranteed a fixed revenue stream—if they can retain their customers or subscribers. Plus, it makes your subscribers happy to stick around longer, which means more revenue for your business. by S&P 500 companies.

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Payment Facilitator vs Payment Gateway: Key Differences and Similarities

Stax

That’s the value of eCommerce transactions that took place in 2023 in the U.S. On the other hand, because they operate more as a partner, PayFacs commonly employ a revenue-sharing pricing model, taking a percentage of each transaction they process. An example of a Payment Facilitator is Stax Connect.

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What is Dynamic Pricing? Everything You Need to Know About Implementing Dynamic Pricing in 2024

Stax

Benefits of Dynamic Pricing For businesses: Increased revenue, better inventory management Being able to adjust prices based on market conditions enables businesses to maximize revenue. In Q3 of 2023, Amazon’s profits nearly tripled, mostly as a result of price-conscious customers using the platform to find good deals.

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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. This will directly lead to an increase in sales volume and revenues.

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

Stax

Businesses can take steps to minimize these charges in order to maximize their revenue. Stax Stax is a payments processing service that caters to all types of businesses, large or small. Unlike other card processing companies, Stax doesn’t add any extra fees to the interchange.