article thumbnail

Visa Interchange Rates 2024: What You Need to Know

Stax

Stay informed through industry publications that discuss changes in interchange rates, regulations, and trends affecting payment processing. Consider consulting with financial advisors, payment processing experts, or industry specialists who can offer personalized guidance on optimizing payment strategies. in-person, online).

article thumbnail

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

Stax

Healthcare providers, for instance, may factor in compliance costs spent on cybersecurity measures, staff training, regular audits, and legal consultations to ensure adherence to health information privacy regulations. Whether online, in-office, or in-person, CardX by Stax’s turnkey solution implements surcharging effortlessly.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is an Online Terminal and Why Do Merchants Need One?

Stax

With seamless online payment processing, streamlined processes, and enhanced operational efficiency, online terminals simplify transactions, bolster security, and provide valuable insights into customer behavior and sales trends. Analytics and Reporting Tools: Many online terminals have built-in analytics and reporting features.

article thumbnail

What Is an ACH Payment Facilitator?

Stax

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. To learn how Stax Connect can help, contact the team for a consultation now! An example of a payment facilitator is Stax Connect.

article thumbnail

ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

Moreover, they also allow businesses to not only monitor electronic payments but also obtain helpful data and trends. However, as an ISV looking to facilitate payments for its users, you can drastically reduce your costs as well as your time-to-market by partnering with a PayFac like Stax Connect.

article thumbnail

How to Understand Your Profit and Loss (P&L) Statement

Stax

When regularly reviewed, P&L statements are like a consultant in a spreadsheet, identifying trends in revenue, expenses, and profitability over time. By comparing P&L statements from multiple accounting periods, you can discern trends, both positive and negative, that indicate your financial trajectory.