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How to Streamline Your SaaS Clients’ Merchant Underwriting Process—and Improve Adoption Rates

Stax

Offering payment processing services is a move that makes sense for a lot of SaaS companies, particularly if your software helps your customers run their business. Adding payments to your suite of features and offerings enables you to provide more value to your users. What Is Merchant Underwriting?

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Everything You Need to Know About Secure Payment Processing Systems

Stax

Having and maintaining secure payment systems is integral for protecting yourself and your customers. Making sure there are secure payment technology policies and procedures within your company will guarantee the integrity of present and future transactions. Enter secure payment systems (SPS).

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What is a Payment Management System?

Stax

Adding to the already tough job of managing a small or medium business is the complex task of understanding how payment processing works, including managing the fees, equipment, accounts payable and more. Here’s where a Payment Management System (PMS) can swoop in as your financial hero to understand your business better.

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How to Maintain Anti-Money Laundering Compliance as a PayFac

Stax

For any merchant selling products or services online, it’s always a good idea to allow customers to make payments on their platform itself—instead of redirecting them to a third-party website or gateway. Not only is this inconvenient for customers but also risky. trillion took place in 2020, accounting for about 2.7%

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Recurring Billing: Definition, How it Works, and Best Practices

Stax

For businesses offering subscriptions, memberships, retainers, and other recurring services, recurring billing is a powerful solution to streamline processes and ultimately enhance revenue generation. Almost everyone — 98% of consumers —has a streaming service subscription.

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What is a Merchant Cash Advance and is MCA Right for You?

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But small business owners know this isn’t always the case. Small business loans exist to allow business owners to prop up their businesses in the short term and cover temporary cash flow gaps. Merchant cash advances are one of the available options. Your future revenue acts as a guarantee.

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Credit Card Surcharge Sign Examples and Templates for Merchants

Stax

Did you know that in 2021, merchants ended up paying a whopping $105 billion in credit card processing fees? Even though they’re one of the most popular payment options today, accepting credit cards at your business can turn out to be a significant expense. In exchange, businesses pay a host of different fees (e.g.