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Mobile Credit Card Processing Explained: What Business Owners Need to Know

Stax

According to Forbes , “mobile payments are increasingly being used by U.S. Not only are there a number of ways your customers could be using their mobile devices to give payments, but you as a business owner could be leveraging mobile devices to accept them as well. What types of merchants need mobile credit card processing?

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Using SubscriptionFlow Integration to Master SaaS Payment Processing

Subscription Flow

In doing so, SaaS businesses of all sizes face common payment processing SaaS challenges. This is because payment processing for SaaS is more complicated than collecting one-time payments, as it diverges into sub-forms that range from invoicing to managing subscription plans to complying with local tax laws and payment regulations.

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No Fee Payment Processing: Everything You Need to Know

Stax

This figure used to be 24% in 2015 which makes it evidently clear that card usage is on the rise. This may be concerning for certain types of businesses as they need to spend more to process credit and debit card payments as compared to cash.

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Subscription renewal: getting customers to renew subscriptions

ProfitWell

The key feature separating subscription businesses from their more standard counterparts is the recurring nature of payments. For example, SaaS customers pay a monthly or annual subscription fee for access to software. Customers only need to log in to update their payment information or cancel their subscription.

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Can You Decrease Credit Card Interchange Fees?

Stax

They significantly impact the cost of accepting card payments. Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards.