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Functionality Vertical solutions are built with industry-specific workflows and compliance needs in mind. Integrating payments within your platform will also make your platform stickier, and can provide an additional stream of revenue for your business.
Prioritize customer success, not just customer acquisition While getting new users in the door is important, retention is what drives predictable revenue and strong unit economics. A strong integration strategy also supports partnerships, extends your reach, and unlocks new revenue opportunities without requiring major product overhauls.
Through strategic ISV partnerships, businesses can enhance their service offerings, streamline operations, and open new revenue streams. As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses. How does an ISV integration work?
When can revenue NOT be counted as revenue? The concept of unearned revenue can easily trip up SaaS companies that offer subscription services and products on a recurring basis. Unlike when selling ordinary products, you cannot recognize the revenue earned from a subscription all at once.
If youre a software provider looking to boost revenue, streamline operations, and deliver more value to your users, ISV integrated payments can be a game-changer. New revenue streams With integrated payments, youre no longer just a software provideryoure also part of the transaction flow. The best part? Learn more.
Neiconi brings more than 15 years of experience in risk and fraud management leadership to his new role, with a deep background in developing fraud risk solutions, risk data collection and analysis, and compliance. Most recently, Neiconi was the Head of Fraud & Risk North America for Adyen. and Canada.
TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. What is PCI Compliance? That’s where Stax comes in. Why Is PCI Compliance So Important? PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust.
In a recent interview with Austin Prey from PYMNTS , Adam Gray , Chief Transformation Officer at Stax, shared his perspective on the challenges and opportunities facing independent software vendors (ISVs) as they integrate payment solutions to meet the diverse needs of their merchant customers. Contact sales
To the incredible Stax community: allow us to take a moment to recognize a milestone that we are extraordinarily proud of—our 10th anniversary. Sprinkled throughout this article are quotes from some of Stax’s long-standing employees, because who better to tell the company’s story than the people who help make it happen?
The merchant underwriting process helps reduce fraud (including chargeback volume), ensures compliance with regulations, and protects financial stability in the payment processing space. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?
As industry leaders in billing software, our mission is to help our customers work more efficiently, recover more revenue, and effortlessly collect invoices. TL;DR A billing platform is a comprehensive system facilitating subscription management, recurring billing, revenue recognition, payment gateways, analytics, and dunning processes.
PCI compliance fee – This fee is usually charged by the payment processor or acquiring bank to ensure the business follows Payment Card Industry Data Security Standard ( PCI DSS ) requirements to protect customer data. This helps the processor recoup lost revenue. Contact us
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.
all while increasing revenue. TL;DR eCommerce solutions offer a range of benefits, including catering to a larger set of customers, maintaining brand consistency, and cutting down on your revenue cycle. Cut Down Your Revenue Cycle Online payments can give you a significant advantage in terms of improving your revenue stream.
To choose the right payment processing solution for your business, you need to evaluate your business needs, evaluate security and compliance standards, and evaluate different payment processors based on pricing, features, customer support, and scalability. Faster resolution speed reduces revenue loss due to fraudulent claims.
In addition to the usual concerns around security and compliance, there’s also the issue of user experience. Common Challenges in Payment Gateway Integration While integrating a payment gateway can significantly enhance user experience and revenue potential, the path to a seamless integration isnt without obstacles.
Step 4: Test and optimize the checkout flow Testing your payment gateway and Click to Pay systems is crucial because any glitches with the system can lead to cart abandonment and reduced revenue. Your testing should check for security compliance, technical performance, and mobile responsiveness. Your provider should help with this.
If you want to increase the user base and boost the revenue of your EHR software, you need the right tips for marketing. Integrating the EHR software with payment processing tools like Stax Connect also helps create an all-in-one platform that simplifies workflow management at hospitals and other medical practices.
Part of this can be attributed to the SaaS model’s unique aspect of relying primarily on future revenue. It makes most of its revenue from immediate, one-time purchases, like a bedroom set. To ensure revenue growth, your user churn rate must always be lower than your growth rate of new signups. Customer lifetime value.
From fostering strategic alliances to unlocking new revenue streams, the choice profoundly impacts a SaaS company’s trajectory. Assess the program’s features and benefits, including technical support, marketing resources, and revenue-sharing models, to ensure they meet your needs.
Stax, Payment Depot, and CardX are three of the very best providers in the industry. Transaction fees are a crucial part of the credit card payments processing ecosystem that you can’t afford to ignore since they impact your cashflow and final revenues. Stax takes a unique approach.
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?
Stax is one example of a provider that implements subscription pricing. Setup fees Admin fees PCI compliance fees Interchange fees It is also prudent to remember that while not all merchant account providers charge you the same amount, most of them charge you for each transaction they process.
Businesses can take steps to minimize these charges in order to maximize their revenue. 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.
Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate. For example, Stax charges a flat monthly membership in exchange for a 0% markup rate, a transaction cost of just a few cents, and no ancillary fees.
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?
Did you know that the delinquency rate for small businesses has reached a record high owing to inflation and declining revenues? Non-compliance can lead to hefty penalties and even suspension of their merchant accounts. All this can be challenging, so it’s best to partner with a surcharging expert like CardX by Stax.
Independent Software Vendors (ISVs) and Software-as-a-Service Providers (SaaS) operate within the same market, thus creating a push-and-pull revenue dynamic. Examples of popular SaaS apps include Shopify, an eCommerce platform, Dropbox, a cloud storage service, and Stax Bill, an automated payment processing system.
The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. Provides compliance and security advantages ACH payments are one of the most secure payment options your customers can have.
Recurring payments provide greater predictability for cash flow and allow businesses to plan for future revenue more accurately. Recurring payments play a major role in ensuring a steady and predictable recurring revenue stream for businesses. Consistent revenue streams are crucial for financial stability in any business.
This practice promotes fair and stable pricing and guarantees you retain all your revenue. 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. Request a Quote
Work with a Payment Processor that Offers Credit Card Chargeback Protection Some payment processing platforms (including Stax) offer features that help businesses avoid chargebacks. Their tools and services are designed to not only handle chargebacks but also minimize their occurrence, protecting a businesss revenue and reputation.
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. It also lets you accept and process in-person, online, mobile, and recurring payments.
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. This includes subscription management, revenue recognition, dunning management, integrations with other business systems, fraud prevention, and more. Real-time insights.
It helps to streamline and automate the entire sales cycle, increasing efficiency and spurring higher revenues. TL;DR Quote to Cash (Q2C) is a process that covers all the steps involved in initiating and completing a sale from configuring quotes for potential customers to collecting and recording the revenue from the finalized sale.
Is your company taking advantage of CFO tools like automated invoicing, database management, and automatic tax-compliance updates? SaaSOptics is the bridge between a company’s CRM and general ledger that prevents revenue from falling through the cracks. Stax prides itself on being more than just an invoicing platform.
The PayFac benefits the acquiring bank by assuming the risk for a large number of smaller merchants, continuously monitoring merchants for security and compliance, and ultimately reducing the burden on the bank. An example of a Payment Facilitator is Stax Connect. Gateway or Facilitator: What’s the Difference?
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. However, with non-cash payments constantly on the rise, most businesses will lose out on revenue if they only take cash.
Consider the following factors to ensure you choose the right payment gateway: Infrastructure – Look for a payment gateway with a stable, reliable infrastructure that streamlines customer experience, business operations, and revenue flow. This is where Stax Connect comes in. Ask how often interruptions occur.
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.
Vertical SaaS solutions are tailored for specific industries, addressing niche needs with in-depth customization and compliance with industry standards. And if you’re planning to offer credit card processing services with your software, be sure to partner with a solid payment facilitator like Stax Connect. What is Vertical SaaS?
Additionally, automated record-keeping and electronic transaction histories simplify auditing and financial reporting, making it easier for businesses to maintain compliance with regulatory requirements. At Stax, not only do we provide the tools you’ll need, but we’re also committed to providing useful information to help you stay informed.
As your MoR, we take on transaction liability for you which means we take the lead on compliance, audits, chargebacks, and more. At FastSpring, our developers (and our entire staff) are happy to help you build the right payment solution and answer any questions you may have, regardless of your monthly revenue. Fraud detection.
In the ISO model, an ISV partners with a third party that handles merchant account setup, payment processing, risk, and compliance. This gives them greater control over the customer experience and an opportunity to generate additional revenue. The ISV has little control over the end user’s payment experience or the processing costs.
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