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ChurnZero is Customer Success software for growing SaaS and subscriptionbusinesses. Stax is an industry-leading payments technology provider that is revolutionizing the payments processing experience completely. The post Thanks to BEE, ChurnZero, Laika, Quolum, and Stax for Sponsoring SaaStr Annual 2022!
The rapid evolution of embedded payments is reshaping industries and unlocking new opportunities, particularly for small business sectors that have often been overlooked. Adam Gray , Chief Transformation Officer at Stax, recently sat down with Hal Levey of PYMNTS to discuss emerging trends in payment processing and vertical integration.
Small businesses in America and worldwide have to choose from a wide variety of accounting software solutions, and this range of choices can be overwhelming. Research shows that 64% of small businesses use accounting software and the market for accounting software solutions is projected to be worth $4.3billion by 2023. Quicken Inc.
TL;DR SaaS platforms are cloud-based software solutions that offer ready-to-use tools over the internet, enabling businesses to scale operations, improve efficiency, and integrate with other applications without managing infrastructure. SaaS operates on a subscription model, making it easier to manage cash flow and reduce upfront expenses.
The concept of unearned revenue can easily trip up SaaS companies that offer subscription services and products on a recurring basis. Unlike when selling ordinary products, you cannot recognize the revenue earned from a subscription all at once. In the case of SaaS subscriptions, this could take several months—or even years.
When leveraged strategically, these services can become a key driver of business growth. With the right provider, merchant services can improve your checkout experience, increase cash flow, and unlock valuable business insights. We’ll also outline how to choose the best payment solutions for your unique business needs.
For companies looking to scale, Independent Software Vendors (ISV) are a crucial tool that provides specialized software solutions that integrate seamlessly with existing business tools. Through strategic ISV partnerships, businesses can enhance their service offerings, streamline operations, and open new revenue streams.
For subscription-based businesses achieving consistent and predictable revenue growth is the holy grail. In fact, monthly recurring revenue (MRR) is one of the most important metrics subscriptionbusinesses should be aware of. MRR is an important metric for SaaS businesses to track to understand business health.
This involves: Merchant onboarding: Collecting business details and verifying accounts so your users can start accepting payments. The Benefits of Payment Integration for an ISV or SaaS Platform From monetization to user experience, the benefits of integrated payments extend across your business and your customers operations.
In today’s fast-paced business landscape, efficient and seamless payment processing is paramount to your bottom line. However, staying focused on the big picture can be challenging if your business is bogged down by repetitive payments and intricate billing procedures—both common hurdles for a billing system with inadequate functionality.
Accepting card payments is a must for small to medium businesses today. There are many processors out there that claim to save you money, and in this post we’ll take a look at two of them: Riverside Payments and Stax. Marketing aside, though, we’re here to see how Riverside really stacks up for small business payment processing.
To the incredible Stax community: allow us to take a moment to recognize a milestone that we are extraordinarily proud of—our 10th anniversary. Sprinkled throughout this article are quotes from some of Stax’s long-standing employees, because who better to tell the company’s story than the people who help make it happen?
As your business grows, the tools powering it need to evolve tooand that includes your payment solution. TL;DR A scalable solution adapts to higher volumes, evolving business models, and new payment methods without breaking down or holding you back. The right system simplifies growth.
Learn their differences and analyze how their pros and cons would work for your business. ACH payment is more affordable and can be automated and payee-initiated, making it ideal for recurring transactions and subscription payments. For businesses, a fast and seamless payment process means happy customersand the statistics show it.
For many small business owners, credit card processing fees may seem like a hefty price to pay for providing convenience to customers. Even if you consider them to be a cost of doing business, credit card fees can quickly eat away at your already slim profit margins. Merchant – The business accepting credit cards from customers.
Long before the digital age, newspaper and magazine companies have been using the subscription model to create and retain a consistent readership for their publications. This business model has now been adapted very well in the internet age, especially in the SaaS (Software-as-a-Service) and eCommerce industries. The alternative?
Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. In this article, you will discover all you should know about credit card payment processing for small businesses.
There are a few things a business can do withoutand a retail POS system isnt one of them. Its almost impossible to operate a modern business without one. Theyre more than just business toolsthey help you manage inventory, track sales, streamline customer interactions, and even get valuable business insights.
And yet, accepting non-cash forms of payments is more or less required to operate a modern business, at least in the U.S. Merchant: The individual business accepting the payment and in need of credit card processing. Acquiring Bank: The business’ (i.e., Credit card processing can be overwhelming, expensive, and confusing.
As a SaaS business leader, reducing software user churn is an important part of maintaining your customer base and increasing revenue. By pinpointing the exact reason for user churn, you can determine how to avoid it and ensure that your business continues to have strong profits. A lower churn rate indicates higher customer retention.
Like most business owners, your instincts tell you to hop on the bandwagon and launch an online store for your business. From different types of online payment gateways and key features to look for, to tips to help you choose the right payment solution for your business and implement it. This is expected to grow to 22.6%
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.
In this article, we’ll take a look at everything you need to know about these entities, including the differences between the two, how they can work together, and how to make sure you have the right credit card processing solution for your small business. As such, all merchants that take credit cards must work with a payment processor.
That’s why for most businesses, it’s almost impossible to make do without a credit card terminal. Finding the right credit card machine that fits your business model, however, isn’t always an easy task. But if you’re stuck, worry not: in this article, we’ll help you find the best payment terminal for your business.
Subscription models offer companies large and small the opportunity to build predictable revenue and high customer lifetime value. But managing subscriptions effectively and freeing up time and resources for expansion is no picnic. In a subscriptionbusiness model, customers pay a recurring fee in exchange for a product or service.
As a business owner, you just cant afford to ignore these statistics. Youll be locking out a significant customer segment with high purchasing power to propel your business forward. Well also look at key features of a payment processor to help you choose the right one for your business.
Question: what’s the best way for your business to get paid while satisfying your customer’s need for varied payment options and convenience? In this guide, well help you do just that by exploring all the major payment methods for small business.
As a small business owner, it’s important to accept different payment methods like cash, credit card, and contactless or NFC mobile payments to ensure an easy shopping experience for your customers. Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate. trillion in 2021.
Take a traditional business, like a furniture store. While traditional business models have a harder time estimating their future revenue, SaaS companies have access to more accurate revenue forecasts, such as their MRR and ARR. Churn is the percentage of customers that end their subscriptions within a certain amount of time.
To give you some clarity, here’s a practical guide that answers the most common questions small business owners have about credit card processing. How Do Businesses Accept Credit Cards? Some businesses choose a traditional payment solution to accept credit card payments, while others go with an integrated payment platform.
Many merchants face the trouble of sifting through numerous credit card machine options, looking for a terminal that fits with their business. There are many different types of payment terminals to choose from, and you need one that’s going to help your business operate the most efficiently.
When you’re serving customers, you need to be as fast and efficient as possible—no matter how big or small your business is. Your customers are busy and so are you. Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn More What Is Mobile Payment Processing?
Fact: modern consumers are increasingly gravitating towards eCommerce businesses. And how can you find a reliable payment processing solution for your business? Heres everything you need to know about internet card payment processing and how it can help your business grow. all while increasing revenue.
Research shows that 55% of customers will abandon their cart if they have to re-enter checkout information like credit card details, negatively affecting your business conversion rate. The business owner should receive the funds in 24-48 hours or even more, depending on the set time frame specified in the initial contract with the provider.
In the complicated world of payment processing, understanding the nuances of debit card and credit card payments, along with associated processing fees, is essential for businesses. Businesses can encourage cash transactions or use credit card surcharging as an additional fee to offset payment processing costs.
As a business owner, you must have a clear understanding of how online payments processing works to be able to create a hassle-free checkout process that will keep buyers coming back to your eCommerce store. Customers in this age of instant gratification always expect a smooth and seamless online payments experience.
In an increasingly competitive B2B market, flexibility, agility, and adaptability are necessities for todays businesses. This also means an increasing demand for easier to manage, more unified one-stop-shop experiences for business ownersand a growing opportunity for SaaS companies to further diversify their offerings.
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. This is where an advanced B2B subscription management platform comes in.
For higher-volume businesses, you can save on transaction fees. At Stax Connect, we work with a subscription-based mode l with a 0% markup on direct-cost interchange. Case Study: Driving Effortless Digital Donations Through Stax Connect Chrimata provides non-profits a seamless way to give and receive contributions digitally.
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.
If chargebacks start mounting up, this is bad news for your business. when someone has canceled a subscription and still receives a charge) Goods or services not being received after the purchase Being charged an incorrect amount Unauthorized credit card usage (i.e. This puts merchants in a tough position.
And the best way for online businesses to start accepting payments is with a payment gateway. In this article, we’ll explore the ins and outs of payment gateways including how they work and how you could go about implementing them in your business. Popular payment gateways include Authorize.net, Stax, Stripe, Adyen, and Square.
Enter card-present tokenization, a feature by Stax that enables merchants to accept payments in person and instantly tokenize payment data for future transactions. ” How it Works If you’re a Stax merchant, enabling card-present tokenization is easy and doesn’t come with additional costs.
If your SaaS business is facilitating payment collection from within your platform, this article is worth a read to understand and secure your system. By doubling up on security and working with a payments facilitator like Stax Connect, you can protect your SaaS customers and your business. What Is Payment Tokenization?
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