article thumbnail

How Adopting Mobile Payments Can Help Your Business Grow in 2024

Stax

By using near-field communication (NFC), Apple Pay, and Samsung Pay services turned each company’s mobile devices into highly secure digital payment wallets. Major card issuers such as Visa, MasterCard, and American Express each have hundreds of millions of NFC-enabled (near-field communication) debit and credit cards in circulation.

article thumbnail

Tap to Pay: What It Is and How It Works

Stax

How Tap to Pay Works Tap-to-pay, whether used with a contactless card or a smart device, operates through Near Field Communication (NFC) technology. This short-range wireless communication technology allows data exchange between devices close to each other, typically within a few centimeters.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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. The exact process varies depending on the software you use, but Stax Bill features a user-friendly interface for such adjustments.

article thumbnail

Payment Security: Everything You Need to Know About Secure Payments

Stax

While debit and credit card transactions remain popular, many are now contactless, using near-field communication (NFC). Other trending payment methods include peer-to-peer (P2P) payment apps like PayPal or Venmo are a secure and convenient way to transfer funds between people and businesses. billion digital wallet users, or 42.6%

article thumbnail

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

Stax

Popular mobile payment solutions include Square, PayPal Here, and Shopify POS. 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. To learn more about Stax’ mobile payment solutions, request a custom quote today.

article thumbnail

What is an ACH Deposit and How Does It Work?

Stax

While some direct deposit apps, such as Zelle, Venmo, and PayPal charge their users for same-day transactions and deposits, the Automated Clearing House eliminates the middleman and encourages ease in banking. When you use Stax , ACH transactions only cost $0.29 Get in touch with Stax to speak with a payment expert who can help.

article thumbnail

Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

Payment Gateway: A service provider that facilitates communication between the merchant’s POS system and the acquiring bank’s payment processing system. Square and PayPal are two that have popularized this model. Stax can ensure that while you grow, your credit card processing fees don’t. Card Network (e.g.,