article thumbnail

How Adopting Mobile Payments Can Help Your Business Grow in 2024

Stax

Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone. A lot has changed in 20 years, and businesses must either adopt a modern and mobile payment infrastructure or risk becoming about as relevant as the cash register in a mall department store.

article thumbnail

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

Stax

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. It pays to know exactly how mobile technologies will be impacting your business, or potentially already are.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Top ISV Companies that Integrate Payments [2024 List]

Stax

To access these functionalities, most companies work with an independent software vendor (ISV) partner, which essentially is a software company or app that works with another ISV company to drive their digital transformation and revenue sales, improve scalability, and enhance business processes.

article thumbnail

Tap to Pay: What It Is and How It Works

Stax

Customers are driving digital advancements, and savvy small business owners should be aware of what’s to come. In this article, we’ll dive deeper into the tap-to-pay movement, where it is now, where it’s going, and how businesses can implement tap-to-pay for smooth, future-proof card transactions.

article thumbnail

How to Find the Best SaaS Billing Platform: A Complete Guide

Stax

Here’s an interesting stat: 70% of businesses consider subscription and membership models indispensable for future commercial growth and expansion. Software-as-a-service (SaaS) businesses need to constantly evolve their offerings to stay fresh and relevant. However, only 10% of them currently employ these models.

article thumbnail

Recurring Payments: Definition and Implementation Best Practices

Stax

That’s why businesses are constantly seeking innovative ways to streamline operations and enhance customer experiences. Industry data shows that subscription-based businesses are growing 3.7x So, let’s dive into the realm of recurring payments and how they can benefit your business. faster than companies in the S&P 500.

article thumbnail

Payment Security: Everything You Need to Know About Secure Payments

Stax

In 2023, the cost of fraud to online businesses was $48 billion globally, according to Mastercard. A secure payment gateway is one of the main ways merchants can protect their business and customers. Fraud and chargebacks also cause significant losses for businesses. Let’s talk about the “F” word—fraud.