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Recurring Payments: Definition and Implementation Best Practices

Stax

Challenges in Recurring Payments One of the significant challenges in recurring payments is managing customer churn. Keeping track of various state and country laws can be tough, so choosing a payment processor that ensures compliance is key to addressing this challenge. Ready to Learn More?

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

Stax

But if you’re a B2B solution, there’s a high likelihood that businesses will be interested in being able to accept customer payments, rather than just sending them a PayPal link or to a generic payment gateway. This convenience reduces the chances of churn and promotes long-term customer retention. Real-time insights.

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What Is an ACH Payment Facilitator?

Stax

The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. This is pretty much similar to the service that PayPal offers. This makes ACH PayFacs a desirable option for small businesses or start-ups.

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8 Best Chargebee Alternatives and Competitors (And How They’re Different)

FastSpring

However, you’ll still be responsible for paying taxes, processing chargebacks, and for things like legal compliance, dunning, and more. If something goes wrong with taxes, local compliance, chargebacks, accounts not balancing, etc., This is a good place to start, but there are more ways to reduce churn due to failed payments.