Stax

FEBRUARY 28, 2024

How Does Surcharging Compare to Other Fee Management Strategies? Surcharging has both pros and cons, so if you’re on the fence about implementing it, here are the other main fee management strategies out there (besides flat-out raising prices!), Communicating this intention to customers before it’s in place shows respect.

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Stax

DECEMBER 20, 2023

This article explores the legal landscape surrounding surcharges, shedding light on the intricacies of state and federal laws and strategies for small businesses to manage processing costs. CardX by Stax helps businesses optimize costs and ensure compliance with surcharge laws. Get in touch!

Merchant Services 88

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Stax

MARCH 12, 2024

As well as identifying inefficiencies in payment processing or customer communications, DSO is a key financial benchmark to assess liquidity and the state of accounts receivable. DSO is influenced by a range of factors, including a company’s credit policy, customer purchasing patterns, and invoice management.

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Stax

APRIL 18, 2024

Look for features such as real-time transaction processing, inventory management, reporting capabilities, and support for multiple payment methods. Stax, for instance, offers fully transparent pricing and a wide range of capabilities able to accommodate your business’s needs now and as it grows.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

APRIL 2, 2024

As more businesses opt for a surcharge program to manage their ballooning costs, it’s important to be aware of best practices around notifying your customers about this additional fee to not only follow all legal requirements, but also provide a seamless customer experience. Train your staff to effectively communicate.

Merchant Services 88

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Stax

JUNE 11, 2024

Also, clear communication with customers about price changes is crucial for building trust and ensuring legal compliance. Here’s a step-by-step guide to effectively introduce and manage a cash discount program. Clearly communicate the benefits of paying with cash and any changes to pricing or payment options.

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Stax

APRIL 23, 2024

TL;DR Nearly 93% of Americans receive payments through direct deposit; Automated Clearing House makes it simpler for employers to manage funds without handing out physical checks or dealing with pesky extra fees. It can be broken up into four manageable steps. When you use Stax , ACH transactions only cost $0.29 on average.

Payment Methods 88

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Stax

FEBRUARY 28, 2024

As such, there is a 2-way sync between the devices The POS system offers One-way communication to the physical terminal. These days, payment terminals can also conduct contactless payments and mobile payments, like Apple Pay, via Near Field Communication (NFC) technology. However, magstripes are no longer PCI compliant.)

Payments 88

Payments Payment Methods Merchant Services Payment Services 88

Stax

APRIL 18, 2024

Payment Gateway: A service provider that facilitates communication between the merchant’s POS system and the acquiring bank’s payment processing system. Membership-based processors , such as Stax make their money through the annual or monthly fees, rather than taking a cut of your sales. Card Network (e.g., to 2.54% + $0.10

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

MAY 7, 2024

Processor markup These are fees charged by the payment processor, which is the company that manages and facilitates credit card transactions. This regulation is managed by the Payment Card Industry Security Standards Council (PCI SSC) and is meant to protect the cardholder’s data. These fees also vary depending on the card network.

Merchant Services 88

Merchant Services Payment Services Payment Methods Accept Credit Card Payments 88

Stax

MARCH 6, 2024

The role of payment gateways in recurring billing Payment gateways play a crucial role in the recurring billing process by securely processing and managing the transactions between customers and businesses. Certain considerations require careful management and strategic planning.

Merchant Services 88

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SaaSOptics

MARCH 10, 2022

Is your company taking advantage of CFO tools like automated invoicing, database management, and automatic tax-compliance updates? Its robust suite of integrations empowers your team to manage every step of your order-to-cash process seamlessly and without fear of inaccurate data. If not, read on. Finance and Billing Tools.

Payment Services 87

Payment Services SaaS Payments Payments Payment Solutions 87

Stax

FEBRUARY 5, 2024

Put efforts into disclosing surcharge fees and communicating them to consumers. With these in mind, you’re now ready to manage surcharges in your business operations. Learn more about implementation and communication practices in the next section. Keep your phone number readily available for any questions or concerns.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

MAY 21, 2024

We’re seeing a similar trend in the legal industry, where law firms rely on case management systems to run their businesses. With management systems’ continual growth and improvement, it’s no wonder software sales are at an all-time high. If you’re selling law practice management systems to law firms, you’re definitely not alone.

Payment Solutions 88

Payment Solutions Payment Services Payments Software Review 88

Stax

NOVEMBER 6, 2023

Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn all about mobile payments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ productivity. Stax can save you from that headache with less room for error.

Merchant Services 88

Merchant Services Payment Methods Mobile Payments Payment Services 88

Stax

APRIL 30, 2024

Many POS systems are also equipped with software that helps with other business processes like inventory and staff management, in addition to payment processing. Stax Stax is a payments processing service that caters to all types of businesses, large or small. Easy switch between POS and mobile payments using the Stax app.

Merchant Services 88

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Stax

MARCH 19, 2024

TL;DR Vertical SaaS products are custom solutions that help business owners effectively manage challenges and regulatory requirements that are peculiar to their industry. Integrated payments is the combination of payment processing functionality with other business operations management features on the same platform.

Payments 88

Payments Payment Services Payment Methods SaaS Payments 88

Stax

JANUARY 3, 2024

Imagine a restaurant using a mobile POS system to manage sales both at its permanent locations and through its food truck. And they come with many powerful business solutions, from real-time data access to invaluable inventory management capabilities. mPOS solutions are the superpower for small businesses in 2024.

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Stax

MARCH 21, 2024

SaaS services are also used in customer relationship management (CRM), human resources management, analytics, and communication. SaaS tools for document sharing, video/audio calls, and task management enhance collaboration and efficiency. This is where Stax Connect came in.

SaaS Payments 88

SaaS Payments Payment Services Payments Payment Methods 88

Stax

MARCH 26, 2024

That said, these tools are more than just a means to accept payments; they represent a comprehensive solution that integrates sales, inventory management, and customer data into a unified system. For the business, setting up and managing payment options is simplified, allowing for easy customization and control over the payment process.

Payment Methods 88

Payment Methods Merchant Services Payment Services Payments 88

Stax

FEBRUARY 19, 2024

Software as a Service (SaaS) has made business software more accessible by offering cloud-based, on-demand access to a range of solutions, from project management and collaboration to sales and marketing. Veeva is a cloud-based CRM and content management solution built specifically for the pharma and life sciences industry.

SaaS Payments 88

SaaS Payments Payment Services Payments Payment Solutions 88

Stax

JANUARY 15, 2024

Implementing surcharging involves analyzing pricing strategy impact, communicating policies effectively to customers, and reviewing technical considerations, including cybersecurity measures. Interchange fee management. Businesses must ensure clear communication with customers regarding any surcharges. Price transparency.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

NOVEMBER 29, 2023

Small and medium-sized businesses (SMBs) often fall into a unique financial management situation. In the United States, 41% of small business owners manage their own accounting and financial processes. TL;DR 41% of small business owners manage their own accounting and financial processes.

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