Stax

DECEMBER 20, 2023

Here are Stax’ Top Credit Card Processing Tips. Optimize your credit card processing speeds Slow transactions are, at best, an annoyance to customers, and at worst, result in lost sales, especially online. Request a custom quote to see how Stax Pay can work for you. It’s best to avoid long-term contracts.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

APRIL 18, 2024

Merchants can accept payments anywhere with mobile credit card processing, eliminating the need for a fixed point-of-sale terminal. That can mean paying the plumber by credit card in their own house or paying for a sweater with the sales associate who helped them pick it out, rather than going to find the POS desk.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

MAY 7, 2024

Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. Stax is one card payment processor that uses this pricing model.

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Merchant Services Payment Services Payment Methods Accept Credit Card Payments 88

Stax

MARCH 14, 2024

Most B2C transactions are performed at the point of sale (POS), whether it’s eCommerce or in-store checkout, which lends them to faster payment methods like mobile payments more often than B2B transactions. Business to consumer (B2C), by comparison, relies on speedy payment processing to transact on the spot.

Payment Services 88

Payment Services Merchant Services Payment Methods Payments 88

Stax

JANUARY 22, 2024

The acquiring bank (or issuing bank or acquirer) is the financial institution that enables merchants to accept payments, transferring funds from customers to the merchant’s account. The payment gateway acts as a virtual bridge, securely transmitting payment information between the merchant, customer, and acquiring bank.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

DECEMBER 20, 2023

TL;DR Merchant underwriting is the risk level assessment process an acquiring bank carries out on every new merchant before they grant them a merchant account. The bank assumes the risk on behalf of the business and needs to make sure that they screen new businesses before handing out merchant accounts. What Is Merchant Underwriting?

Merchant Services 88

Merchant Services Payment Services SaaS Payments Payments 88

Stax

DECEMBER 20, 2023

CardX by Stax is a trusted leader in helping your business seamlessly and easily implement credit card surcharging, ensuring you stay compliant and save on transaction fees. It is important to note that if there is a difference between the card and cash price, it is essential to clearly communicate through proper signage at the point of sale.

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Merchant Services Payment Services Stax Payment Methods 88

Stax

MARCH 15, 2024

A secure payment gateway is a technology platform that facilitates the secure transmission of payment information between a merchant’s website or point-of-sale system and the payment processor or acquiring bank. With Stax, you can rest easy knowing your data is protected and secure.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

FEBRUARY 28, 2024

Point of sale terminals are reprogrammed (or pre-programmed) to add the appropriate fee without manual input from merchants. If you’re working with a payment processing provider like Stax , they can take care of much of the following. Here at Stax, we can reprogram existing terminals and also have pre-programmed options.

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Merchant Services Payment Services Payment Methods Stax 88

Stax

MARCH 26, 2024

Learn More Understanding Online Terminals (aka Virtual Terminals) An online terminal, often called a virtual terminal, is a web-based application that enables online payments without needing a physical credit card machine or POS (Point of Sale) system. Q: Why do businesses need an online terminal?

Payment Methods 88

Payment Methods Merchant Services Payment Services Payments 88

Stax

JANUARY 24, 2024

It is added at the point of sale and depends on the total amount of a transaction and the cap set by credit card companies. It is added at the point of sale and depends on the total amount of a transaction and the cap set by credit card companies. What Is a Credit Card Surcharge?

Merchant Services 88

Merchant Services Payment Services Payment Methods Point of Sale 88

Stax

JANUARY 24, 2024

It is added at the point of sale and depends on the total amount of a transaction and the cap set by credit card companies. It is added at the point of sale and depends on the total amount of a transaction and the cap set by credit card companies. Learn More What Is a Credit Card Surcharge?

Merchant Services 88

Merchant Services Payment Services Payment Methods Point of Sale 88

Stax

APRIL 30, 2024

TL;DR Merchant processing ensures that all entities, such as the issuing bank, the acquiring bank, and the card company, work cohesively to facilitate payments between a customer and a business. This account temporarily holds the transaction funds until the bank verifies the payment.

Merchant Services 88

Merchant Services Payment Services Payment Solutions Payment Methods 88

Stax

NOVEMBER 6, 2023

Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn all about mobile payments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ productivity. Your customers are busy and so are you.

Merchant Services 88

Merchant Services Payment Methods Mobile Payments Payment Services 88

Stax

DECEMBER 27, 2023

A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards. Without a merchant account, it’s very difficult to ensure consistent cash flow or manage multiple sales channels effectively. Request Quote What Is a Merchant Account?

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Merchant Services Payment Methods Payment Services Payment Solutions 88

Stax

JANUARY 17, 2024

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network. In Q3 of 2023, the total volume of payouts on ACH networks reached 7.8

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

JANUARY 10, 2024

By facilitating credit card transactions, merchant service providers act as intermediaries between credit card companies and the issuing banks. Interchange fees An interchange fee is paid by the merchant’s acquiring bank to the issuing bank every time a credit card transaction is made. Account fees. PCI compliance fees.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Facilitation 88

Stax

FEBRUARY 15, 2024

FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. PayFacs act as intermediaries between merchants and payment processors or banks. Contact us today for a consultation and learn how we can help.

Payment Services 88

Payment Services Merchant Services SaaS Payments Payment Methods 88

Stax

DECEMBER 20, 2023

Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate. For example, Stax charges a flat monthly membership in exchange for a 0% markup rate, a transaction cost of just a few cents, and no ancillary fees.

Payment Services 88

Payment Services Merchant Services Payment Methods Stax 88

Stax

NOVEMBER 15, 2023

TL;DR Credit card interchange fees are the fees that merchants pay to banks and credit card companies every time they accept credit cards. Credit card interchange fees are the fees that merchants pay to banks and credit card companies every time they take a non-cash purchase. Learn More What are credit card interchange fees?

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

APRIL 4, 2024

A credit card surcharge is also one such fee that is added during the final point of sale. Jeffrey adds, “ Of course, when our clients still have reasons to opt for credit cards, CardX by Stax. This includes providing cash discounts, having a minimum purchase requirement, or gifting loyalty points.

Merchant Services 88

Merchant Services Payment Methods Payments Payment Services 88

Stax

JANUARY 23, 2024

There are far too many to mention here, but some of the most beneficial integrations include: CRM systems Time tracking tools Reporting tools Ecommerce platforms Email marketing tools Point-of-sale systems Inventory management Debtor tracking. Pricing Xero offers three pricing plans: Early, Growing, and Established.

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