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Mobile Credit Card Processing Explained: What Business Owners Need to Know

Stax

According to Forbes , “mobile payments are increasingly being used by U.S. Not only are there a number of ways your customers could be using their mobile devices to give payments, but you as a business owner could be leveraging mobile devices to accept them as well. shoppers as customers become more comfortable with the technology.”

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Visa Interchange Rates 2024: What You Need to Know

Stax

If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. Visa is one of the biggest payment networks in the world, with ~4.2B These rates are set and collected by the network for processing transactions and maintaining the payment infrastructure.

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Beyond PCI Compliance: Why Data Security is Key to Growth and Success [Webinar Recap]

Stax

Having a secure platform for managing customer and payment data is paramount to building and maintaining trust, and you can’t do that with poor systems and practices. In our latest webinar, Garrek Harris, Director of Platform Management at Stax, discussed the ins and outs of data security for merchants and ISVs.

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

Stax

The phrase “dynamic pricing” often sparks heated debates in eCommerce and retail, and it’s not hard to see why. The use of dynamic pricing methods is most common in industries where the demand for goods and services fluctuates. For example, a person might check the price of an Uber ahead of time for a specific journey.

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Understanding Risk Management Strategies as a PayFac

Stax

For SaaS companies, becoming a payment facilitator (or PayFac) offers a ton of advantages—including but not limited to—boosting retention and profitability while exercising greater control over the customer experience. For example, the breakdown of old hardware, human errors, or malware can cause a hindrance to payments.

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How Much Do Credit Card Companies Charge Merchants?

Stax

Credit card transactions have quickly become the lifeblood of eCommerce businesses and storefronts alike. Credit card fees, including interchange, assessment, and payment processor fees, impact businesses on a per-transaction or recurring basis. billion every single day.