Remove compliance Remove Stax Remove Strategy Remove Trends
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.

article thumbnail

Recurring Payments: Definition and Implementation Best Practices

Stax

We can see this trend in action in the realm of payment processing with the advent of recurring payments, also known as automatic payments. Businesses need strategies in place to retain customers and prevent revenue loss due to subscription cancellations. Ensuring security and compliance Security is paramount in recurring payments.

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. With proper integration, they can minimize billing errors, enable adaptive pricing strategies, and provide real-time insights to enhance overall efficiency. Real-time insights.

article thumbnail

Visa Interchange Rates 2024: What You Need to Know

Stax

While you can’t avoid the rate hikes, there are strategies and resources available to help merchants mitigate the impact. Compliance and Regulation: Changes in regulations or compliance requirements can also influence interchange rates. Improve your customer retention strategies.

article thumbnail

Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

Stax

Without strategies in place, disbursements can chip away at your hard-earned bottom line. Cost recovery, industry standards, regulatory compliance, and consumer sensitivity are key factors to consider when calculating surcharges. Regulatory Compliance. Identify peak demand periods first before implementing a pricing strategy.

article thumbnail

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

Stax

By the end of this guide, you’ll have `a clear overview of its operational framework, strategic benefits, best practices, and advanced strategies to maximize this powerful, rapidly rising payment tool. Leverage analytics for decision-making Billing software captures insights into trends, churn rates, and revenue opportunities.