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electronic health records (EHRs) in healthcare—that allow for seamless data transfer and improved efficiency. If you’re looking to integrate a complete payments ecosystem within your vertical SaaS platforms—quickly and inexpensively—look no further than Stax Connect. Integration with other software.
Introducing: Stax Connect Plus, the program designed to provide partners with unparalleled access to a dedicated team of payment experts, offering a comprehensive range of resources and support to enhance their success. What is Payments Adoption and how does it relate to your SaaS business? So, how do you bridge this gap?
Fewer tools to juggle, less manual entry, and faster payment collection means happier customers who are more likely to stick around (and refer others!) With payments built into your platform, you reduce dependencies on third-party systems, minimize support overhead, and gain better visibility into transactional data. Learn more.
The customer enters their payment details and the gateway securely transmits the data to the network. Theyre easy to integrate and set up, with the host taking care of data security measures, including PCI compliance and fraud protection. This protects sensitive payment data from interception by cybercriminals.
As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses. An ISV partnership refers to a relationship between a company and an independent software vendor that develops applications running on a particular platform or ecosystem. How does an ISV integration work?
All of these steps are made easy by a surcharge-compliant credit card processor like CardX by Stax. The “free” in free processing refers to the merchant not directly covering the transaction fees. This ensures compatibility and smooth data flow between different systems.
Mobile payment systems refer to the technologies and infrastructure that enable businesses to accept payments via mobile devices—whether in-store, online, or in-app. This flexibility makes it easier to offer consistent service and collect customer data across multiple sales channels, improving your operations and marketing insights.
Stax Stripe Square PayPal Banks Contract Required No No No No Yes Early Termination Fees No No No No Yes Card Present Processing Pricing $99/month + 8¢ per transaction + interchange 2.9% + 30¢ per transaction (includes interchange) 2.6% + 10¢ per transaction (includes interchange) 2.7% With Stax, your payment processing statement is simple.
Cloud-based POS systems store data on cloud servers and can be accessed remotely from any device with an internet connection. On the other hand, on-premise POS solutions store data locally on in-store servers and are limited to in-store use. Businesses use the system to accept payments from customers and monitor sales.
Independent Sales Organizations play a key role in handling sensitive financial data and ensuring smooth payment processing for businesses. The main distinction comes down to terminology used by the card networks: Visa refers to its registered third-party merchant service providers as Independent Sales Organizations (ISOs).
There are many processors out there that claim to save you money, and in this post we’ll take a look at two of them: Riverside Payments and Stax. Online processing eCommerce businesses can set up payment processing with Authorize.Net, First Data Global Gateway, or eProcessing Network.
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. Moreover, companies need to follow data privacy and compliance requirements to stay in business. Let’s get started.
Data cited by Statista shows that the software as service is expected to hit $299 billion by the end of 2025. Once this happens, they’re less likely to go with a competitor, and more likely to refer your SaaS application to their network. Adding payments will scale your SaaS operations and increase growth substantially.
To keep the system of securing financial information and cardholder information safe, a multi-pronged approach to payment processing data security is imperative. Payment tokenization helps safeguard cardholder data, so your users can collect and process payments securely. Its usually done to prevent credit card fraud from occurring.
Embedded payments come with a lot of responsibilities, such as bank sponsorship and risk management, which is why finding the right payments partner like Stax Connect is essential to help you monetize payments and own the entire experience. First, start by gathering some key data. Consider running a survey to gather this data.
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. For best practices, integrate it with your other systems, offer flexible plans for optimized cash flow, and ensure data security compliance to industry standards. Real-time insights.
It’s also the software in your POS system or card readers that processes the customer’s payment data in a brick-and-mortar setting. Popular payment gateways include Authorize.net, Stax, Stripe, Adyen, and Square. Some of them also offer a merchant account (besides the payment gateway). What Is a Payment Gateway Account?
In addition, they also ensure the privacy of business data and compliance with laws and regulations. StaxStax is a payments processing service that caters to all types of businesses, large or small. Unlike other card processing companies, Stax doesn’t add any extra fees to the interchange.
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. Stax can save you from that headache with less room for error.
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?
All this can be challenging, so it’s best to partner with a surcharging expert like CardX by Stax. Once implemented, the surcharge amount must also be mentioned in a dedicated data field in transaction messages that go out to Visa. Keep referring to them regularly. are the most important ones to be mindful of. Request a Quote
Industry data shows that 9 out of 10 credit card users say they don’t want to pay surcharges but do it anyway. A credit card surcharge refers to the additional fee that credit card-paying customers absorb in exchange for convenience. Alternatively, compare sales data before and after imposing these fees.
Taking precautions to implement security measures such as secure firewalls and cybersecurity training helps to protect cardholder data and other sensitive information. Learn More Payment Security Fundamentals Merchants hold a lot of sensitive data when processing transactions, and if not properly safeguarded, hackers could wreak havoc.
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.
Horizontal SaaS refers to general-purpose software solutions that are applicable across industries and attract a diverse user base. Horizontal SaaS refers to general-purpose software solutions that apply to multiple industries, rather than providing solutions that are relevant to one specific market. What is Vertical SaaS?
Industry data shows that subscription-based businesses are growing 3.7x TL;DR Recurring payments refer to a financial arrangement where a customer authorizes a business to charge their account at regular intervals for products or services. faster than companies in the S&P 500.
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.
TL;DR Payment Management Systems manage payment processing so you can accept payments, send invoices, track transactions, and view financial data. A PMS accepts payments, sends invoices, tracks transactions, and analyzes your financial data—all in one place. Think of a PMS as your financial command center.
Recurring billing usually refers to only the recurring payment part of a subscription-based model. This not only protects customer payments and internal company data but also books customer trust. Stax Bill is a best-in-class subscription billing platform that scales effectively alongside your operation.
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.
TLDR Chip and PIN vs chip and signature refers to the way the cardholder provides authorization for the purchase. This means that NFC technology is not limited to payment applications and can be used for a wide range of purposes beyond payments, such as data exchange and access control.
Mobile credit card processing refers to the capability of accepting credit card payments using a mobile device equipped with a card reader and specialized software. 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.
TL;DR Dynamic pricing refers to prices that fluctuate based on factors like demand, supply, customer behavior, and seasonality. Dynamic pricing is calculated through the use of data collection and machine learning algorithms to analyze market conditions and make appropriate pricing decisions. Request Quote What is Dynamic Pricing?
Industry data shows that the B2B payments landscape is rather diverse. Business to business payments, therefore, refer to the payment processes and activities between two businesses. These levels require you to provide more transactional data and when implemented properly, you can lower your credit card processing costs significantly.
One of the main benefits of AI in FSM is its ability to compile and analyze substantial amounts of data accurately and quickly. FSM businesses can make informed decisions based on data, improve asset management, predict potential issues, and respond proactively. Stax Connect ticks all of these boxes.
A merchant account refers to a business bank account that allows businesses to accept electronic payments for goods and services. This should comply with Payment Card Industry Data Security Standard (PCI DSS) requirements to ensure that customer data is kept as safe as possible. Request Quote What Is a Merchant Account?
Learn More Understanding Credit Card Processing Fees Credit card processing refers to the transactional processes involved in securing a credit card transfer between a buyer and a seller. PCI-compliance fees – Businesses running credit card transactions must be compliant with the Payment Card Industry Data Security Standard (PCI DSS).
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. Only access the most recent batch and settlement data from that day. Can only start transactions using the payment terminal. No real-time reporting.
In 2022, industry data shows that credit card companies earned a whopping $126.4 For example, your sign can’t say: “We hereby institute a supplemental fee, henceforth referred to as a surcharge, quantified as a percentage denoted by X, applicable solely to transactions facilitated through credit cards, herein recognized as a mode of payment.”
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. Intuit references this “ service discontinuation policy ” on its support site. This practice is also referred to as “sunsetting.” Not necessarily.
Includes data on sales trends, most popular products, busiest times of the day, and best-performing employees. Your POS tool might give you access to accounting data such as Economic Order Quantity (EOQ), sales, labor and payroll information, Profit and Loss (P&L) statements, and daily reconciliations.
PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Follow these tips to stick to federal regulations: Refer to federal regulations when drafting internal policies and procedures. Enter the PCI DSS compliance. Security audits. End-to-end encryption.
Legal and payment compliance Adhering to compliance standards, including those set by the Payment Card Industry Data Security Standard (PCI DSS), is essential. Data security and privacy Merchants must implement robust security measures to protect sensitive information from breaches and unauthorized access.
For this, you might require data from government sources, international regulators, and law enforcement agencies. The good news is, with a solution like Stax Connect , you can not only start facilitating payments and also onboard sub-merchants quickly while managing risk. To learn more, contact our team today.
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