Stax

DECEMBER 20, 2023

While you have control over whether a cardholder’s card is swiped or keyed in at the point of sale, you can’t control what kind of card they use. Regulated POS Debit, purchases and purchases with cash back Debit Rate (USD): 0.05% + $0.21 PIN Regulated POS Debit Rate (USD): 0.05% + $0.21 World (USD): 1.90% +$0.02

Payment Services

Stax

JULY 30, 2024

This is where partnering with a payment processing provider like CardX by Stax can be especially useful. The law became effective on July 1, 2024. Brick-and-mortar stores have to install signage at every point of sale (POS) and entrances that explain surcharge fees to customers. To learn more, contact us today.

Merchant Services

Stax

NOVEMBER 6, 2023

Fast forward to now where much has changed, and research anticipates contactless mobile payments to exceed one billion users globally by 2024. Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone. How is This Relevant to Your Business?

Payment Methods

Stax

DECEMBER 6, 2024

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. This decision was finalized in 2024, marking the official separation of Worldpay from FIS.

Merchant Services

Stax

AUGUST 1, 2024

A recent report by Alignable found that 43% of SMBs couldn’t pay rent—on time and in full—in April 2024. All this can be challenging, so it’s best to partner with a surcharging expert like CardX by Stax. Signage must be present at all entrances and points of sale and the surcharge must appear as a separate line item in receipts.

Merchant Services

Stax

DECEMBER 20, 2023

Since we’ve spoken a lot about credit card processing before, today we’ll take a look at how to find the best credit card processor for your SMB in 2024. Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate. But to do most of that, you need to have a credit card processor.

Payment Services

Stax

JULY 11, 2024

That’s the estimated number of iPhone users as of 2024. According to Statista , in 2024, 60% of consumers have use Apple Pay at the point of sale (in physical locations) while 38% use it online. Ensure you have the right NFC-enabled POS equipment, and configure your payment terminals to start accepting Apple Pay.

Merchant Services

Stax

MAY 7, 2024

Terminal or equipment fees – Small businesses often lease or purchase payment processing equipment, such as point-of-sale (POS) systems or credit card terminals. Transactions are tiered based on various criteria, such as digital transaction or point-of-sale. These fees can also vary based on transaction type.

Merchant Services

Stax

APRIL 18, 2024

As the decade progressed, bigger businesses began to implement mobile credit card processing, too, and as of 2024, it’s an extremely popular method of accepting in-person payments. Merchants can accept payments anywhere with mobile credit card processing, eliminating the need for a fixed point-of-sale terminal.

Payment Services

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. Once it’s up and running, make sure you have point-of-entry and POS signage. Contact us to get started with CardX by Stax today.

Merchant Services

Stax

FEBRUARY 15, 2024

FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. Further, Statista projects that the value of global digital transactions will exceed $11 trillion in 2024.

Payment Services

Stax

JULY 5, 2024

In-store personnel, especially those at points-of-sale, should be educated on cash discounting and surcharging, so they handle customer queries better and resolve payment issues faster. Hence, the regular price is the “cash price” and a surcharge fee is added at the POS if customers pay with credit cards.

Merchant Services

Stax

AUGUST 20, 2024

Embedded Insurance Embedded insurance allows customers to purchase insurance for products or services at the point of sale. Embedded Lending Embedded lending or Buy Now Pay Later (BNPL) enhances customers’ purchasing power by allowing them to access favorable lending options at the point of sale. from 2024 to 2030.

Payments

Stax

APRIL 4, 2024

A credit card surcharge is also one such fee that is added during the final point of sale. Jeffrey adds, “ Of course, when our clients still have reasons to opt for credit cards, CardX by Stax. As of 2024, credit card surcharging is illegal in the following U.S. Only after the judgment by a U.S.

Merchant Services