Remove Business Model Remove Forecasting Remove PayPal Remove Stax
article thumbnail

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.

article thumbnail

Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

Choosing the payment processor and other items in your credit card processing tech stack will depend entirely upon your business model. Square and PayPal are two that have popularized this model. Forecasting can be tricky when you have to predict the interchange rate, plus the transaction fee. These can add up.