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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. Industry data shows that subscription-based businesses are growing 3.7x So, let’s dive into the realm of recurring payments and how they can benefit your business.

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Payment Security: Everything You Need to Know About Secure Payments

Stax

So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments. TL;DR The PCI DSS determines security protocols and sets the standards for payment security. of the global population using this method of payment in 2022.

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How to Find the Best SaaS Billing Platform: A Complete Guide

Stax

Here’s an interesting stat: 70% of businesses consider subscription and membership models indispensable for future commercial growth and expansion. They must engineer a well-rounded solution that makes handling subscriptions a breeze (and yes, it is as hard as it sounds). However, only 10% of them currently employ these models.

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Top ISV Companies that Integrate Payments [2024 List]

Stax

When it comes to payments,partnering with an ISV like Stax Connect is a great way for companies to go to market with their own payment platform. But with different enterprise software solutions available, it can be hard finding the best ISV company to embed payments with.

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What is B2B Payments Processing and How Do You Implement It?

Stax

Consumers are increasingly gravitating towards quick and convenient payment methods such as contactless payments and mobile wallets when transacting with businesses. Industry data shows that the B2B payments landscape is rather diverse. An invoice would be sent, and it would need to be paid within an agreed timeframe.

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Mobile Credit Card Processing Explained: What Business Owners Need to Know

Stax

Mobile credit card processing enables them to collect same-day payments on the spot, eliminating the hassle of invoicing or waiting for checks. This not only improves cash flow but also enhances customer satisfaction by offering convenient payment options.

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Tap to Pay: What It Is and How It Works

Stax

This short-range wireless communication technology allows data exchange between devices close to each other, typically within a few centimeters. Here’s how it works: NFC-enabled devices: The customer’s payment card (credit, debit, or mobile wallet app) and the merchant’s payment terminal must be equipped with NFC technology.