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

Stax

Dynamic pricing systems refer to pricing models where the price of goods and services fluctuate based on a range of factors. Dynamic pricing models make it possible for businesses to align their pricing to current market conditions, helping to increase profit margins and offset operational expenses.

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

Stax

This is how surcharges have become a staple solution, and they’ve helped businesses stay afloat in the sea of overheads. Surcharges are diverse in form and purpose to serve businesses across sectors. This surcharge covers the cost of processing credit card payments via platforms like Visa, Mastercard, and American Express.