Remove Article Remove Payment Features Remove Sales Remove Stax
article thumbnail

Subscription Billing for Businesses: Everything You Need to Know

Stax

Long before the digital age, newspaper and magazine companies have been using the subscription model to create and retain a consistent readership for their publications. 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.

article thumbnail

Would My Business Benefit From Using A Contactless Virtual Terminal?

Stax

Although it’s not a necessary tool in every small business owner’s arsenal, the contactless virtual terminal is a smart solution for some types of businesses, like those that take payments online or over the phone. But what exactly is a contactless virtual terminal and can your business benefit from adding it to your payment solutions?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Demystifying Credit Card Interchange Fees: What You Need to Know [2024 Rates and Updates]

Stax

In this article, we will break down credit card interchange fees so you will know exactly how much you’re spending when running your business. Set rate processing Subscription rate processing TL;DR Interchange fees are not collected by your payment processor or bank; they go directly to the card-issuing banks.

article thumbnail

How Adopting Mobile Payments Can Help Your Business Grow in 2024

Stax

Thanks to these modern payment solutions, credit card, and debit card users can now complete their purchases without swiping or inserting their cards at the point of sale (POS) terminals. Why Is Adding Mobile Payments Important to Businesses Today? For more information, check out some of our comparison articles.

article thumbnail

Are Debit Card Surcharges Legal? What Businesses Need to Know

Stax

In the complicated world of payment processing, understanding the nuances of debit card and credit card payments, along with associated processing fees, is essential for businesses. After all, there are many more payment options available than ever before, and each comes with differing costs and technology needs. Get in touch!

article thumbnail

What is an Online Terminal and Why Do Merchants Need One?

Stax

That said, these tools are more than just a means to accept payments; they represent a comprehensive solution that integrates sales, inventory management, and customer data into a unified system. This article covers the what, why, and how of online terminals; all a business owner needs to know to dive in and thrive.

article thumbnail

What is the SaaS Magic Number and How Do You Calculate It?

Stax

And because of the digital nature of SaaS businesses and their subscription-based business models, the ability to collect data on how the company is performing is easier and faster than ever. Enter the SaaS Magic Number, which measures the return on sales and marketing spend in generating new subscription revenue.