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Understanding Risk Management Strategies as a PayFac

Stax

For SaaS companies, becoming a payment facilitator (or PayFac) offers a ton of advantages—including but not limited to—boosting retention and profitability while exercising greater control over the customer experience. Implementing advanced cybersecurity measures to prevent data breaches and protect sensitive information.

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Understanding Risk Management Strategies as a PayFac

Stax

Risk Management Strategies Let’s now look at four types of risk management strategies that can better prepare PayFacs to safeguard themselves—and their customers—against specific risks while boosting retention, profits, and improving their bottom line. They decided to switch to Stax Connect’s white-labeled API to power Shelterpay.

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Recurring Payments: Definition and Implementation Best Practices

Stax

This business model often leads to increased loyalty and customer retention. By streamlining the payment process, businesses can focus on delivering exceptional products or services, thereby enhancing customer satisfaction and retention. Plus, there’s the fact that customers appreciate the convenience of recurring payments.