Remove compliance Remove Engagement Remove Onboarding Remove Stax
article thumbnail

How to Maintain Anti-Money Laundering Compliance as a PayFac

Stax

The US, therefore, requires financial institutions as well as financial services firms to have anti-money laundering (or AML) compliance programs in place. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). Non-compliance can have major implications.

article thumbnail

Understanding Risk Management Strategies as a PayFac

Stax

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. They must also ensure that sub-merchants are compliant with the regulations set by card companies, e.g. PCI compliance.

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

In this guide, we’re going to cover what companies need to consider when choosing a SaaS billing platform—and how Stax Connect makes this process simple. For best practices, integrate it with your other systems, offer flexible plans for optimized cash flow, and ensure data security compliance to industry standards. Real-time insights.

article thumbnail

Recurring Billing: Definition, How it Works, and Best Practices

Stax

TL;DR Recurring billing is a powerful solution to streamline processes and enhance revenue generation and customer engagement. Onboard Customers: Once set up, customers can choose their subscription plan, provide payment information, and authorize the business to charge their payment method at the specified billing interval.

article thumbnail

CFO Tools You Should be Using in 2022

SaaSOptics

Is your company taking advantage of CFO tools like automated invoicing, database management, and automatic tax-compliance updates? Stax prides itself on being more than just an invoicing platform. Sales Tax and Compliance Tools. If not, read on. Finance and Billing Tools.

article thumbnail

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., FastSpring is dedicated to providing you with the best experience throughout the entire engagement.