Stax

MARCH 18, 2025

A typical payment processing procedure involves multiple parties, including the merchant, customer, payment processor, payment gateway, issuing bank, acquiring bank, and card networks. The processor facilitates the transaction by communicating with the payment gateway, issuing bank, and acquiring bank.

Payment Services

Stax

MARCH 13, 2025

In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. Behind every seamless payment card transaction is a complex network of banks, credit card companies, and payment systems working together to transfer money from the customer to the merchant.

Payment Services

Stax

MARCH 27, 2025

TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts. Talk to sales Understanding EFT: The Umbrella Term for Digital Transactions Ever paid for your coffee with just a tap of a card or received payment from a customer thousands of miles away? No cash or checks needed.

Payment Methods

Stax

APRIL 3, 2025

Talk to sales Understanding Ecommerce Payment Solutions An eCommerce payment solution is the underlying infrastructure that allows eCommerce businesses to accept and process card and online payments seamlessly and securely. Its the bridge between an eCommerce website, its customers, and the bank. Do you process international payments?

Payment Methods

Stax

JANUARY 28, 2025

The original sensitive data is still secured and hidden in an external data bank. Payment verification by the issuing bank means the customers bank will check whether the customer has sufficient funds to complete the transaction.

Payment Methods

How To Buy Saas

DECEMBER 20, 2024

The revenue earned over the subscription period does not relate to the amount earned at a given point of sale like in traditional businesses. Hence SaaS companies have to maintain accurate records for timely revenue recognition and comply with guidelines like ASC 606 to ensure proper revenue recognition.

Payment Services

Stax

JUNE 8, 2025

TL;DR A payment processor is a provider that handles transactions between a buyer’s bank and a seller’s bank. Payment Processor: An Overview A payment processor is a service that handles the technical aspects of transferring payment information between the merchant, the customer, and the customer’s bank.

Payment Services

How To Buy Saas

MAY 26, 2025

Integration limitations: No third-party integrations with banks or external apps you can only integrate PayPal for accepting payments. For example, theres no built-in advanced reporting (beyond a simple profit/loss statement) and no double-entry accounting or bank reconciliation. have bank connectivity and robust expense modules.

Software Review

Sales Hacker

MARCH 18, 2025

This point of sales and marketing working together, really, really critical. Um, and so give that information and the report is like, okay, give me a little narrative of like, get me ready for this conversation with my sales counterpart. You ask for, Hey, like, I want to see more case studies from large banks.

Scale

Stax

MARCH 4, 2025

TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. The issuing bank verifies whether the customer has enough funds in their account to complete the transaction. Need to integrate payments?

Payment Methods

Stax

AUGUST 11, 2025

Whenever a customer purchases on your website, payment information is securely transmitted to Authorize.net, which sends a request to the issuing bank to confirm funds and authorize the card transaction. Once the transaction is approved, the funds are sent to the merchant account, i.e., the business’ bank account at the acquiring bank.

Payment Methods

Stax

JULY 7, 2025

Shoppers don’t need to carry cash or physical cards on their person while visiting a store that accepts mobile payments, while merchants can reduce their reliance on expensive point-of-sale systems that offer slower payment processing. What about mobile payment systems? According to CapitalOne , nearly two-thirds of U.S.

Payment Methods

Stax

AUGUST 11, 2025

Most modern POS systems already include NFC capabilities, but it’s worth checking with your provider. This is typically handled through your POS or payment processor dashboard and only takes a few clicks, if any. It’s advisable to check with the respective bank for accurate information.  

Payment Services

Stax

MARCH 6, 2025

Use case: Customers can pay by tapping their smart devices into the vendors NFC-enabled POS. The reader then verifies the card payment by checking with the customers bank or processor before approving the transaction. NFC technology can process payments through: Peer-to-peer mode. Read/write technology. billion users worldwide.

Payment Methods

Stax

APRIL 17, 2025

There are a few things a business can do withoutand a retail POS system isnt one of them. Traditionally, POS was just a collection of hardware used to ring up sales, process simple transactions, and print receipts. Today, POS systems have evolved. Talk to sales What is a POS System?

Payment Methods

Stax

JULY 7, 2025

Credit card networks and issuing banks don’t waive their cut; instead, these costs are shifted from the merchant to the customer. At a surcharge-equipped terminal , the point-of-sale system automatically applies the predetermined surcharge percentage to calculate the surcharge amount.

Payment Services

Stax

JUNE 24, 2025

Interchange rates are a percentage of the transaction value paid by the merchant’s acquiring bank to the cardholder’s issuing bank. The purpose of interchange fees is to compensate the issuing banks for the risks and costs associated with processing and managing credit card transactions. Clear communication is key.

Payment Services

Stax

NOVEMBER 14, 2024

They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor. These are not banks, but rather governing bodies that set interchange rates, and arbitrate between acquiring and issuing banks. Acquiring Bank: The business’ (i.e., merchant’s) bank.

Merchant Services

Stax

MAY 6, 2025

The process begins from the moment the customer makes a card payment to the point when the transaction is authorized and settled. For example, brick-and-mortar businesses such as coffee shops may choose to use a point-of-sale system (POS system) or hardwired credit card reader to accept card payments at the counter.

Accept Credit Card Payments

Stax

JUNE 17, 2025

With so many players in the payments space, from banks and fintechs to all-in-one platforms, figuring out who does what (and who’s right for you) can quickly get confusing. One option you may have come across—but might not fully understand—is the Independent Sales Organization, or ISO. Here’s what the journey typically looks like: 1.

Merchant Services

Stax

MARCH 11, 2025

There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies. The merchant account : this is a special bank account that allows you to accept and process credit and debit card payments.

Payment Methods

Stax

NOVEMBER 21, 2024

A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%. The customer can make the credit payment physically by swipe, dip, or tap, depending on your point-of-sale (POS) system , which will capture the credit card details.

Payment Services

Stax

JUNE 24, 2025

TL;DR Processors act as the middleman between your customer’s card and your bank, but not all are created equal—some offer better service, pricing, and tools than others. your CRM system, accounting software, POS system, etc.). Let’s get started. Integrations Make sure that the solution integrates with your existing systems (e.g.,

Payment Services

Stax

APRIL 10, 2025

In contrast, debit card payments are withdrawn directly from the customers bank account and are mainly used by buyers who want to control their spending. You will need POS terminals to accept and process in-person card payments. Digital currencies are instead based on a decentralized system and no single entity controls their supply.

Payment Methods

Stax

MARCH 5, 2025

The payment processor is a financial institution that handles transactions between the two banks. Instead of driving down the complicated road of bank transfers or check payments, you can give your customers a simpler way to complete their purchases through your own website. But what’s the difference between these two?

Payment Services

USIO

MAY 13, 2024

The reason why they can be so expensive is that overtime additional expenses go into paper checks like the costs of labor charges, working hours dedicated to making the check, material costs, and other charges levied by banks. Banks’ major fees are imaging fees, paid check fees, positive pay fees, check reconciliation fees, and more.

Payment Methods

Stax

JULY 9, 2024

There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. Mobile phone and online bank transfers, mobile wallet payments, in-app payments, online payments, QR code payments, and all other electronic payment methods that qualify as a digital payment.

Payment Methods

Stax

JULY 25, 2024

Years ago, point-of-sale (POS) systems were reserved for large enterprises with big budgets. Today, a small business is barely complete without a POS system. If you feel left out, the good news is that there’s a POS system out there ideal for your business. Finding one for your business can be overwhelming.

Point of Sale

Stax

DECEMBER 20, 2023

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. Interchange fees vary significantly depending on the card issuer, the issuing bank, type of transaction and/or merchant type.

Payment Services

Payrix

FEBRUARY 4, 2025

To operate as an integrated software vendor (ISV) or payment facilitator, a software company requires a relationship with an acquiring bank and a payment processor. A cardholder initiates the payment for a purchase or service to the merchant or service provider with their payment information from a credit card, debit card, or bank account.

Payment Services

Neil Patel

SEPTEMBER 4, 2020

Full-service providers do the same as credit card processors but also provide a merchant account, meaning you don’t need an additional merchant account with a bank. Its POS app is rich in features and easy-to-use. Full-Service Credit Card Processor & Merchant Account. 1 – Square — The Best for Ease of Use.

Payment Services

Baremetrics

MARCH 30, 2021

Here's what makes them different: Third-party payment providers accept payments on your behalf and later deposit the money into your bank account (generally 2 business days after the transaction). Meanwhile, those who handle a lot of in-person transactions and growing startups are more likely to opt for a dedicated merchant account provider.

Payment Features

SaaStock

JANUARY 25, 2019

Its focus is on helping companies handle financial routine and streamlining processes related to accounting, banks, stock, and electronic invoicing, among others. With Colppy, businesses can also work more effectively with their banks and accountants. ContaAzul is a business management platform for small businesses created in Brazil.

SaaS Payments

Tom Tunguz

JUNE 26, 2013

Consumer Credit - After the crash of 2008, bank lending collapsed. SMB capital access - In addition to consumers' feeling the tightening of the credit market, small and medium businesses suffered as local and regional banks' pursestrings contracted in tandem. This is a boon to merchants whose payment fees shrank.

Merchant Services

Stax

SEPTEMBER 17, 2024

TL;DR A payment gateway is a solution that securely reads and transfers a customer’s payment information to a merchant’s bank account—both for online and in-person transactions. It’s also the software in your POS system or card readers that processes the customer’s payment data in a brick-and-mortar setting.

Payment Services

Payrix

FEBRUARY 4, 2025

Association Group of card-issuing banks or organizations that set common transaction terms for merchants, issuers, and acquirers. Card brands Member-based corporations that connect consumers, businesses, and banks through electronic payments; establish and enforce rules amongst members; and promote the brands (e.g.,

Payment Services

Stax

FEBRUARY 28, 2024

Your payment terminal can be fully or semi-integrated with your POS system. Fully-Integrated Semi-Integrated Non-Integrated POS Requirements The POS and terminal are one and the same. As such, there is a 2-way sync between the devices The POS system offers One-way communication to the physical terminal. Card-present rate.

Payments