This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
There are many processors out there that claim to save you money, and in this post we’ll take a look at two of them: Riverside Payments and Stax. ” – Nathen E StaxStax is an Orlando-based merchant services provider that is best known for membership-based pricing , eliminating markups on interchange rates.
TL;DR Unearned Revenue refers to funds received for goods or services that haven’t been fully delivered. Unearned revenue , also known as deferred revenue or prepaid revenue, refers to funds received in exchange for performing goods or services that haven’t been fully delivered to the customer. Learn More What is Unearned Revenue?
ACH Credit or direct deposit refers to when the payer pushes funds into the recipients bank account or credit union account. Security and compliance ACH provides extra protection against fraud for high-value transactions because they pass through the ACH automated clearing house and NACHA regulations. per payment batch.
Theyre easy to integrate and set up, with the host taking care of data security measures, including PCI compliance and fraud protection. On top of PCI compliance, you might have to pay extra for SSL (Secure Sockets Layer) certification. Just like self-hosted gateways, merchants using API-based solutions are responsible for security.
However, an exemption to this is debit cards issued by a bank with less than $10 billion in assets, also referred to as “exempt”, often a local bank or credit union—these have some of the highest interchange rates of all. Some others, including Stax, offer subscription-style processing that gives you access to the lowest rates of interchange.
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.
Learn how to achieve payment processing compliance when surcharging to improve your company’s financial stability and reputation. PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. for transactions also requires this compliance.
In this guide we will discuss the following: What is Payment Tokenization How Payment Tokenization Works Payment Tokenization vs. Encryption SaaS Payment Tokenization Requirements Benefits of Payment Tokenization SaaS Payment Vulnerabilities Using Stax Connect and Payment Tokenization Lets get started. What Is Payment Tokenization?
Non-compliance can lead to hefty penalties and even suspension of their merchant accounts. Merchants should be aware of Visa’s surcharging rules as non-compliance can lead to fines ranging from $50,000 to $1 million. All this can be challenging, so it’s best to partner with a surcharging expert like CardX by Stax.
In addition, they also ensure the privacy of business data and compliance with laws and regulations. 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.
Once this happens, they’re less likely to go with a competitor, and more likely to refer your SaaS application to their network. Stax Connect is an all-in-one payment ecosystem with integrated software solutions to help your SaaS company increase revenue, all through one API. Having the right tech partners also helps.
Benefits of using a payment gateway include a simplified purchasing experience for customers, increased operational efficiency, and PCI compliance. Popular payment gateways include Authorize.net, Stax, Stripe, Adyen, and Square. Some of them also offer a merchant account (besides the payment gateway). What Is a Payment Gateway Account?
A credit card surcharge refers to the additional fee that credit card-paying customers absorb in exchange for convenience. Non-compliance with these regulations can lead to enforcement actions from federal regulatory agencies. Track these changes and maintain thorough and up-to-date documentation of your compliance to avoid penalties.
Moreover, companies need to follow data privacy and compliance requirements to stay in business. Besides the enhanced data security, other benefits include reduced risk of breaches, easier regulatory compliance, and compatibility with legacy systems. To find out whether Stax Connect may be the right partner for you, contact us today.
Vertical SaaS solutions are tailored for specific industries, addressing niche needs with in-depth customization and compliance with industry standards. Horizontal SaaS refers to general-purpose software solutions that are applicable across industries and attract a diverse user base. Contact us to learn more about Stax Connect.
TL;DR Recurring payments refer to a financial arrangement where a customer authorizes a business to charge their account at regular intervals for products or services. 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. Get in touch!
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.
Ultimately, PCI DSS compliance helps prevent fraudulent transactions, mitigates data breaches, cultivates customer trust and protects your business. Stax delivers an all-in-one payments platform that is secure, stable and customizable—and did we mention affordable? At Stax, we help businesses keep up with all things payment security.
Compliance with these standards ensures that merchants and payment processors implement robust security measures to safeguard financial data. Compliance with PCI DSS is mandatory for businesses that handle credit card transactions. We use a host of security measures to prevent fraud and ensure PCI compliance across all of our products.
Look for a PMS that can serve as an all-in-one platform for payment processing, integrates with other technologies, offers appropriate POS equipment, and prioritizes security compliance. Secure payment comes standard: Make sure your PMS meets Payment Card Industry compliance standards—this is a non-negotiable.
Credit card surcharging is subject to regulations and compliance requirements that vary by region and country. Credit card surcharge fees refer to the practice of adding an additional charge at checkout when a customer pays with a credit card. Learn More What is Credit Card Surcharging? What is a Credit Card Surcharge Fee?
If you’re not sure where to start, keep reading to find out the benefits of implementing surcharging, how to ensure legal compliance, and how you can use technology for smooth sailing in the surcharging landscape. If you’re working with a payment processing provider like Stax , they can take care of much of the following.
Best practices for effective surcharging communication include using clear and simple language, making it visually easy to read, and ensuring total compliance with regulations. If you want to ensure total surcharge compliance, make sure your provider is a leading expert in the field so you can leave it up to them. Keep it simple!
A merchant account refers to a business bank account that allows businesses to accept electronic payments for goods and services. Top Merchant Account Providers StaxStax offers an industry-leading payment solution for eCommerce and in-person businesses. PCI compliance. Request Quote What Is a Merchant Account?
Mobile credit card processing refers to the capability of accepting credit card payments using a mobile device equipped with a card reader and specialized software. 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.
Business to business payments, therefore, refer to the payment processes and activities between two businesses. Cross-border B2B payments can be complicated due to currency conversions, regulatory compliance, and varying banking systems. Most of these challenges can be addressed by choosing the right payment provider.
Learn More Understanding Credit Card Processing Fees Credit card processing refers to the transactional processes involved in securing a credit card transfer between a buyer and a seller. PCI-compliance fees – Businesses running credit card transactions must be compliant with the Payment Card Industry Data Security Standard (PCI DSS).
Stax Connect ticks all of these boxes. On top of providing all the tools users need to accept payments, we also ensure security and compliance in all payment transactions. They include: Support and training Customer support refers to strategies and systems used by a business to serve its customers the best way.
Basics of Credit Card Fees Credit card fees refer to a range of charges that are imposed by credit card issuers on cardholders and merchants for completing credit card payments, either online or in person. PCI compliance fees. However, this doesn’t mean that merchants have zero control over the size of the fees they pay.
Legal and payment compliance Adhering to compliance standards, including those set by the Payment Card Industry Data Security Standard (PCI DSS), is essential. Contact Stax Payments today to learn more about their recurring billing and payment processing solutions.
For example, you can integrate your POS system with a payment processor like Stax Payments and enjoy fair payment processing rates, third-party app integration, and comprehensive reporting. Security and Compliance When it comes to POS security, most business owners only think of lockable cash registers.
Online terminals (sometimes referred to as virtual terminals) power various types of transactions, including eCommerce and payments made over the phone. Secure Transactions: Online terminals incorporate security protocols like SSL encryption, tokenization, and Payment Card Industry Data Security Standards (PCI DSS) compliance.
Some people refer to ACH payments as direct debit, direct deposit, or auto-transfer. However, coordinating intercountry ACH-like networks and upholding them to the same regulation and compliance standards is challenging. They’re mostly used to process direct deposits and payments.
It improves cash flow with faster payment processing Instead of the traditional time-wasting process of manually reconciling receipts, your platform will automatically organize payment transaction data and even help with compliance-related tasks, all of which will shorten the period your users will receive the funds in their merchant accounts.
Streamlined compliance and security: Need to keep your legal ducks in a row? Many CRMs include features to assist with regulatory compliance and secure data handling, simplifying these complex aspects. Evaluate and select a CRM Consider aspects such as pricing, features, and user-friendliness (refer to the comparison table above).
As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses. An ISV partnership refers to a relationship between a company and an independent software vendor that develops applications running on a particular platform or ecosystem. How does an ISV integration work?
Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. Security and compliance Receiving online payments makes your business an easy target for fraudsters and cybercriminals. Typically, it refers to how long it takes for the transaction to be approved or denied.
Credit card processing refers to the series of steps involved in facilitating transactions made using credit cards. The customer Put simply, this refers to the cardholder who uses their debit or credit card to pay for the products or services. Stax is one example of a provider that implements subscription pricing.
Fees include (but aren’t limited to) transaction fees, interchange rates, PCI compliance, and more. Step 4: The credit card processing companies send the payment to the business’s bank through a certified merchant services provider such as Stax. With Stax, your payment processing statement is simple.
Key features to look for in a POS system include sales processing, inventory management, customer relationship management (CRM), reporting, multi-location & omnichannel selling, and security & compliance. Urge the provider to offer video tutorials and training manuals for easy reference and troubleshooting in case of issues.
You should look for various features in the right POS system, including ease of use, integrated payment software, and PCI compliance. The system also needs to be easy enough to use that you dont have to constantly refer to your manual or call for help from tech support constantly. PCI compliance Payment security is a must-have feature.
We organize all of the trending information in your field so you don't have to. Join 80,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content