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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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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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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. Mobile apps make up 53%, and the SaaS market is worth $152 billion. 98% of consumers have a streaming service subscription.

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What is a Surcharge Fee? How it Helps Consumers and Businesses

Stax

In an era defined by digital transactions and cashless payments, the process of paying for goods and services is more convenient, and increasingly reliant on credit card transactions. However, as the popularity of credit cards and digital wallet payments continues to surge, the costs associated with accepting them also do.

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Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

Stax

This is how surcharges have become a staple solution, and they’ve helped businesses stay afloat in the sea of overheads. Several types include credit card, fuel, service, payment processing, peak-time, environmental, regulatory, and minimum usage surcharges. Payment processing surcharge. Every transaction has a cost.