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Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

Stax

That’s why understanding surcharging—including its definitions, types, calculating methods, and best practices—can help you incorporate surcharging into your operations. TL;DR Surcharges are additional fees consumers pay on top of the base price of goods or services. Service surcharge. Payment processing surcharge.

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Days Sales Outstanding Formula: What is DSO and How Do You Calculate It?

Stax

But in reality, companies often have to spend considerable time and resources chasing down late payments that are stuck in Accounts Receivable. Promptly collecting payments from your customers is essential to run a sustainable business. In fact, 81% of large retailers say that real-time payments are critical to their operations.

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

Stax

What makes this pricing strategy so appealing to businesses? Dynamic pricing enables businesses to capture the highest possible value for a product or service at any time of day, week, or year. Dynamic pricing systems refer to pricing models where the price of goods and services fluctuate based on a range of factors.