article thumbnail

Empowering Your Business with Stax Bill: A Comprehensive Guide to Billing Platforms

Stax

In this article, we’ll explore the significance of billing platforms in contemporary business, delve into the features that set Stax Bill apart, and guide you through the process of selecting the right billing solution for your unique needs. said Suneera Madhani, founder and CEO of Stax. “The

Stax 88
article thumbnail

FSM Software: 7 Growth Tips for Field Service Management Software Providers

Stax

This is where field service management (FSM) come in. Field service management software is a system that helps a company monitor and coordinate their employees’ activities off the company’s premises. We’ve compiled these success tips to help your company manage your field services through FSM software.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Unearned Revenue: What it is and What it Means for Subscription Businesses

Stax

Effective management of unearned revenue involves cash flow forecasting, using the right accounting software, and mitigating the risks associated with subscription churn. This helps to build trust among key stakeholders such as management, investors, and financial institutions. Learn More What is Unearned Revenue?

article thumbnail

Recurring Payments: Definition and Implementation Best Practices

Stax

For subscription businesses, the customer’s account should also include options for subscription management where they can adjust the frequency of deliveries, pause or cancel the subscription, update card information or bank account information, and more.

article thumbnail

Subscription Billing for Businesses: Everything You Need to Know

Stax

With the right recurring and subscription billing solution, you can manage payments more effectively, resulting in dependable revenue and a smoother experience for customers. According to a report published in 2023 by the subscription management platform Zuora , the subscription economy grew by 12% in 2022 compared to 10.6%

article thumbnail

Visa Interchange Rates 2024: What You Need to Know

Stax

They cover the costs of managing the network, ensuring security, and facilitating the transfer of funds between banks. Risk management is an ongoing concern for networks setting interchange rates. Building a reliable customer base can help offset concerns about your profit margins, since it makes revenue forecasting more reliable.

article thumbnail

Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

Forecasting can be tricky when you have to predict the interchange rate, plus the transaction fee. Membership-based processors , such as Stax make their money through the annual or monthly fees, rather than taking a cut of your sales. Stax can ensure that while you grow, your credit card processing fees don’t.