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Stax, Payment Depot, and CardX are three of the very best providers in the industry. Processing fees : it is paid to your payment processor as compensation for the resources used to facilitate the transfer of information and funds on your behalf. Stax takes a unique approach.
For example, Stax Pay charges a fixed monthly membership fee which might not be the best option for very small businesses with low transaction volumes, but could be extraordinarily cost-effective for businesses that process more than $5000 per month. You should evaluate the level of customersupport options offered by the provider.
StaxStax is a payments processing service that caters to all types of businesses, large or small. Unlike other card processing companies, Stax doesn’t add any extra fees to the interchange. Whether you need an on-the-go payment solution or a contactless one, Stax can meet your requirements.
Look for a user-friendly interface that streamlines common payroll services, in addition to self-service capabilities for onboarding and customersupport. Reviews praise the mobile app and new hire reporting but mention poor customersupport. Patriot gets high reviews for its user-friendliness and customersupport.
The purpose of an interchange fee is to compensate the card issuer for the risk and operational costs associated with providing the credit or debit card service to the customer. This is where CardX by Stax comes in. Strictly speaking, merchants do not pay interchange fees directly to the card network.
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