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What is a Payment Processing System and How Does It Work?

Stax

According to the US Federal Reserve in 2022, general-purpose card payments reached $153.3 On top of that, 69% of Americans online in 2023 said they used digital payment methods to make a purchase. To address evolving customer demands and accept electronic payments, you need a payment processing system.

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How to Evaluate Charity Payment Solutions for Non-Profit Software Companies

Stax

With 63% of donors preferring to make online payments with a debit or credit card, it’s important that nonprofits and charity organizations take a forward-thinking fundraising approach to maximize the impact they can make. Don’t worry: today, we’ll help you find the best charity payment solution for your nonprofit.

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Monthly Recurring Revenue (MRR): Definitions, Formulas And How To Improve It

Stax

Let’s say you ran a CRM business where you charged your customers $1000 a year over 12 monthly payments. Here are some mistakes to avoid: Counting one-time payments as MRR: One-time fees, like set-up charges, or non-subscription purchases don’t fall in recurring revenue, as you can’t rely on these payments each month.

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How to Find the Right POS System Retail: A Step by Step Guide

Stax

Following this approach, most retail business owners try to find a Point-of-Sale (POS) system for retail businesses that can make their operations (especially in-store) more efficient, manageable, and cost-effective. TL;DR When shopping around for a modern POS system for retail businesses, you should consider a few critical requirements.

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How to Scale SaaS Growth and Optimize SaaS Operations: 7 Essential Tips

Stax

Data cited by Statista shows that the software as service is expected to hit $299 billion by the end of 2025. Join the payments-led growth movement Sign up to keep up-to-date with the latest trends in payments, vertical SaaS, and technology from industry experts. More on that later.

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How to Select the Best Payment Terminal for Your Business

Stax

Cash is no longer having its moment; card payments are in. From debit and credit cards to Google or Apple Pay, digital, contactless, and mobile payments are on the rise. But if you’re stuck, worry not: in this article, we’ll help you find the best payment terminal for your business. Learn More What’s a Payment Terminal?

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8 Best Chargebee Alternatives and Competitors (And How They’re Different)

FastSpring

However, there are certain aspects of collecting recurring payments that you would still be responsible for when using Chargebee, such as: Connecting to payment gateways manually. While Chargebee supports several different payment gateways, you have to set up and configure each one. Remitting taxes at the end of the year.