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ISVs vs SaaS: What’s the Difference?

Stax

While they operate under different business models, ISVs and SaaS share similarities in software development, cross-platform accessibility, and industry reach. ISVs and SaaS providers differ in software distribution, licensing models, hosting responsibilities, support options, upgrade and maintenance procedures, and scalability.

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Recurring Payments: Definition and Implementation Best Practices

Stax

TL;DR Recurring payments refer to a financial arrangement where a customer authorizes a business to charge their account at regular intervals for products or services. There are a few types of recurring payments to be aware of, which one your business uses will depend on the business model and need for recurring or automatic payments.

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Understanding Risk Management Strategies as a PayFac

Stax

Conducting background checks, assessing their credit, evaluating their business model, verifying their transaction history, and assessing financial stability are just some of the steps required to vet a merchant. Investment in advanced cybersecurity solutions and regular assessments of these solutions are also highly recommended.

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What is an EFT Payment? Everything to Know About This Method of Payment

Stax

With payment trends continuing to evolve, the most important move you can make is to choose a payment processor with modern hardware and software that can scale to your business needs. At Stax, not only do we provide the tools you’ll need, but we’re also committed to providing useful information to help you stay informed.