article thumbnail

Would My Business Benefit From Using A Contactless Virtual Terminal?

Stax

Every business operates differently, but the one thing they all have in common is that every business accepts payments. New payment tools like NFC contactless payments that help your business grow and provide a high-quality customer experience are in high demand. Learn More What Is a Contactless Virtual Terminal?

article thumbnail

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, or Independent Software Vendors, are businesses that develop and distribute software products to end-users. Learn More What are ISVs? What are SaaS companies?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Days Sales Outstanding Formula: What is DSO and How Do You Calculate It?

Stax

Promptly collecting payments from your customers is essential to run a sustainable business. DSO, or Days Sales Outstanding, is a formula and KPI for small and medium-sized businesses to measure the average number of days it takes to collect payments from customers. x 30 = 68.4

article thumbnail

FSM Software: 7 Growth Tips for Field Service Management Software Providers

Stax

While remote work is all the rage these days, there is still very much a need for on-site services, particularly industries like construction, healthcare, utilities, and telecommunications. Since you want customers who come back for repeat business, it’s essential to implement some best practices for your field service operations.

article thumbnail

Credit Card Processing for Small Business: 9 Tips for Accepting Payments Securely and Cost-Effectively

Stax

Just starting out with your small business? By following these simple tips, you’ll be able to secure credit card processing rates that make big businesses jealous. Look for transparency in pricing, no hidden fees, and options that suit your specific business needs. Here are Stax’ Top Credit Card Processing Tips.

article thumbnail

Merchant Credit Card Fee Guide 2024: How Much Does It Cost to Process Credit Cards?

Stax

Also known as the discount rate, interchange fees vary depending on the amount being transacted and the industry in which the business is. The rates also vary based on card type, transaction type, and industry or business type. Payment gateway fees – Businesses need a payment gateway to process online card transactions.

article thumbnail

Demystifying Credit Card Interchange Fees: What You Need to Know [2024 Rates and Updates]

Stax

Interchange is the fee that credit card companies like Visa and Mastercard charge businesses to accept their cards. In this article, we will break down credit card interchange fees so you will know exactly how much you’re spending when running your business. Interchange fees are simply a cost of doing business.