Stax

MARCH 15, 2024

Data protection and security are crucial not just for safeguarding customer information, but for protecting business owners as well. By combining a secure payment system with secure payment habits like not collecting excess data from customers, you’ll go a long way in safeguarding your business against fraud.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

DECEMBER 20, 2023

SaaS companies can avoid having to integrate their software with that of gateways and banks, undergo thorough merchant underwriting, and submit mountains of documents by working with a trusted PayFac like Stax to make their software more comprehensive for their clients. What Is Merchant Underwriting?

Merchant Services 88

Merchant Services Payment Services SaaS Payments Payments 88

Stax

MARCH 4, 2024

Taking precautions to implement security measures such as secure firewalls and cybersecurity training helps to protect cardholder data and other sensitive information. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Features 88

Stax

JANUARY 29, 2024

That’s why it’s not uncommon for SaaS companies and ISVs to find payment partners (like Stax Connect) who can help them implement payment services. We caught up with Stax Connect’s payment experts to shed some light on everything you need to know when switching to a new payments partner. to avoid pain points).

Merchant Services 88

Merchant Services Payment Services SaaS Payments Payments 88

Stax

APRIL 11, 2024

TL;DR Payment Management Systems manage payment processing so you can accept payments, send invoices, track transactions, and view financial data. Government agencies have a payment management system to manage grant award payments, making the search for payment management system information more complicated.

Payment Services 88

Payment Services Payment Solutions Merchant Services Payment Methods 88

Stax

FEBRUARY 26, 2024

Industry data shows that subscription-based businesses are growing 3.7x There are many benefits of recurring payments, such as providing a seamless and automated billing process and allowing customers to place orders easily on a recurring basis without having to update their payment information. How Do Recurring Payments Work?

Payment Services 88

Payment Services Payment Features Merchant Services Payment Methods 88

Stax

APRIL 18, 2024

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. Ensure Security and Compliance Security is paramount when implementing mobile credit card processing to protect sensitive cardholder data and prevent fraud.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

NOVEMBER 13, 2023

This short-range wireless communication technology allows data exchange between devices close to each other, typically within a few centimeters. Data transmission: The NFC antennas in both devices communicate with each other. The authentication methods verify each party’s identity before exchanging sensitive information.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Solutions 88

Stax

MARCH 14, 2024

The chip in an EMV card generates a unique code for each transaction, making it nearly impossible for fraudsters to duplicate the card’s information for fraudulent purposes. Tokenization, which replaces sensitive card data with a unique token, has become more prevalent in CNP transactions.

Payment Methods 88

Payment Methods Merchant Services Payment Services Stax 88

Stax

APRIL 18, 2024

Processor: An entity responsible for handling transaction data between the merchant, acquiring bank, and card networks. This request contains crucial information such as the card number, transaction amount, and merchant details. They often provide services such as authorization, clearing, and settlement. to 2.54% + $0.10 to 2.64% + $0.10

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

FEBRUARY 28, 2024

If you’re working with a payment processing provider like Stax , they can take care of much of the following. If you have to swap, consider a provider like Stax that helps you with the setup and offers flexible solutions. Here at Stax, we can reprogram existing terminals and also have pre-programmed options.

Merchant Services 88

Merchant Services Payment Services Payment Methods Stax 88

Stax

JANUARY 28, 2024

Successfully implementing subscription billing requires a strategic approach, including choosing the right pricing strategy, selecting a comprehensive billing solution, and managing customer payment information efficiently. The customer agrees for their payment information to be kept on file by the merchant’s billing software.

Payment Features 88

Payment Features Payment Methods Payment Solutions SaaS Payments 88

Stax

DECEMBER 20, 2023

Here are Stax’ Top Credit Card Processing Tips. Secure transactions ensure you can maintain a trustworthy reputation with past and future customers, as well as reducing the financial losses that come from the fines and legal fees associated with compromising customer data. It’s best to avoid long-term contracts.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

MARCH 14, 2024

Industry data shows that the B2B payments landscape is rather diverse. These levels require you to provide more transactional data and when implemented properly, you can lower your credit card processing costs significantly. The business has to collect extra information from the payer to qualify for these levels.

Payment Services 88

Payment Services Merchant Services Payment Methods Payments 88

Stax

FEBRUARY 28, 2024

At the same time, you need to address security concerns since you’ll be handling sensitive client information. Access to Data and Reports Access to real-time transactional data and rich reports from one platform. Access to real-time reporting by sending data to the terminal. No real-time reporting.

Payments 88

Payments Payment Methods Merchant Services Payment Services 88

Stax

JANUARY 8, 2024

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. Reputational risks Risks associated with things like data breaches, poor customer service, company controversies, etc.

Merchant Services 88

Merchant Services Payfac Payment Services SaaS Payments 88

Stax

APRIL 2, 2024

In 2022, industry data shows that credit card companies earned a whopping $126.4 If you’re designing your own credit card surcharging sign, we recommend checking their website for information on any requirements, or using their own template to be safe. Inform your card network in writing. Inform your customers in advance.

Merchant Services 88

Merchant Services Payment Methods Payment Services Accept Credit Card Payments 88

Stax

FEBRUARY 21, 2024

And because of the digital nature of SaaS businesses and their subscription-based business models, the ability to collect data on how the company is performing is easier and faster than ever. It’s also important to note here that to annualize your recurring revenue from monthly data, you should multiply by twelve instead of four.

SaaS Payments 88

SaaS Payments Payments Payment Services Stax 88

Stax

NOVEMBER 20, 2023

Small businesses can thrive on SBS with these 8 tips: (1) Lay the groundwork with past data, (2) enhance digital presence, (3) improve the in-store experience, (4) run marketing campaigns, (5) promote special offers, (6) engage the community, (7) collect feedback, and (8) develop post-event strategies. Less stress, more efficiency.

Payment Methods 88

Payment Methods Merchant Services Stax Payment Services 88

Stax

JANUARY 31, 2024

accepting a swipe or contactless tap instead of typing in the card information). Audit your data security measures. Stay informed through industry publications that discuss changes in interchange rates, regulations, and trends affecting payment processing. Encourage your cardholders to use lower cost payment methods.

Payment Services 88

Payment Services Merchant Services Payment Methods Accept Credit Card Payments 88

Stax

JANUARY 24, 2024

Dynamic pricing is calculated through the use of data collection and machine learning algorithms to analyze market conditions and make appropriate pricing decisions. There are some serious ethical considerations involved with dynamic pricing, namely price discrimination and regulatory concerns related to consumer rights and data privacy.

Payment Methods 88

Payment Methods Pricing Airlines Payment Solutions 88

Stax

MARCH 6, 2024

Integrate with Payment Gateway: The payment gateway transfers payment information and funds between the customer’s account, bank, and the business’s account. They ensure the safe transfer of payment information, validate transaction details and facilitate the authorization and settlement of payments.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Features 88

SaaSOptics

MARCH 10, 2022

SaaSOptics automates your expense and revenue recognition , helping you keep your data clean and making audits a breeze. Its robust suite of integrations empowers your team to manage every step of your order-to-cash process seamlessly and without fear of inaccurate data. General Ledger Tools. QuickBooks.

Payment Services 87

Payment Services SaaS Payments Payments Payment Solutions 87

Stax

NOVEMBER 27, 2023

Of course, financial criminal activity doesn’t have to just lead to monetary loss—it could also lead to a data breach of customer information. Introduce the customer identification program (CIP) Basically, the CIP requires that companies get four pieces of identifying information about their client for identity verification.

Merchant Services 88

Merchant Services Payment Services Systems Review Technical Review 88

Stax

JANUARY 24, 2024

When it’s become so easy for users to access and share data remotely and sync changes in real-time, desktop applications are appearing increasingly cumbersome. Indications of a QuickBooks Desktop Phase-Out Intuit’s announcements regarding the future of the QuickBooks Desktop version have been fairly sparse on information.

Payment Solutions 88

Payment Solutions Payment Features Payment Services Payment Methods 88

Stax

NOVEMBER 6, 2023

As the world increasingly moves online, it is essential to safeguard the information being stored and transferred over networks. Today, data is as important as currency and should be safeguarded as such. In 2022, there were 1802 instances of data compromise in America which affected 422 million people. Let’s get started.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

APRIL 30, 2024

The merchant sends this payment information to the acquiring bank, i.e., the bank where the merchant wants to receive the payment. The bank forwards this information to the relevant credit card company. This information transfer is facilitated through a payment processor.

Merchant Services 88

Merchant Services Payment Services Payment Solutions Payment Methods 88

Stax

NOVEMBER 6, 2023

Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn all about mobile payments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ productivity. Your customers are busy and so are you.

Merchant Services 88

Merchant Services Payment Methods Mobile Payments Payment Services 88

Stax

MARCH 26, 2024

That said, these tools are more than just a means to accept payments; they represent a comprehensive solution that integrates sales, inventory management, and customer data into a unified system. This security infrastructure protects sensitive payment information during transactions, building customer trust.

Payment Methods 88

Payment Methods Merchant Services Payment Services Payments 88

Stax

DECEMBER 20, 2023

Since the big players in the landscape generally all offer a robust set of services, data shows that most SMBs are satisfied with their payment processors and aren’t likely to switch. Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate.

Payment Services 88

Payment Services Merchant Services Payment Methods Stax 88

Stax

JANUARY 17, 2024

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. Besides, recording customer payment information manually is time-consuming and in huge volumes, simply impossible!

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

MARCH 19, 2024

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.

Payments 88

Payments Payment Services Payment Methods SaaS Payments 88

Stax

JANUARY 3, 2024

Today, they’re known for their robust services, enhanced security, user-friendly interfaces, and the integration of advanced data analytics. And they come with many powerful business solutions, from real-time data access to invaluable inventory management capabilities. Features like customer data collection (e.g.,

Point of Sale 88

Point of Sale Payment Solutions Payment Methods Payment Services 88

Stax

MARCH 21, 2024

It’s an alternative to traditional software distribution and on-premise software installation—companies don’t need to build and maintain servers or data centers. Businesses looking for embedded cloud-based payment solutions need to verify the data protection methods used by SaaS payment providers (e.g. tokenization, encryption).

SaaS Payments 88

SaaS Payments Payment Services Payments Payment Methods 88

Stax

DECEMBER 27, 2023

How Merchant Accounts Work The process of transaction handling When a customer makes a payment, their payment information is securely transmitted from the checkout to the payment processor for verification. Top Merchant Account Providers Stax Stax offers an industry-leading payment solution for eCommerce and in-person businesses.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Solutions 88

Stax

JANUARY 10, 2024

This fee helps payment processors maintain compliance with the latest Payment Card Industry Data Security Standard (PCI DSS) requirements for secure online transactions. There will be a fee for using an online payment gateway to securely transmit payment data to the card network and the acquiring bank. PCI compliance fees.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Facilitation 88

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Compliance with Payment Card Industry (PCI) Standards The Payment Card Industry Data Security Standard (PCI DSS) ensures secure cardholder data processing, storage, and transmission.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88