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

Stax

As the business landscape continues its unstoppable evolution, the necessity for operational efficiency and innovation becomes even more pronounced. Physical and eCommerce product subscription businesses are expected to make up 45% of the market’s value. Mobile apps make up 53%, and the SaaS market is worth $152 billion.

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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. Surcharges are diverse in form and purpose to serve businesses across sectors. Here are some examples of surcharges and how businesses employ them to maintain sustainable operations. Fuel surcharge.

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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. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac).

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What Is a Credit Card Surcharge?

Stax

Credit cards remain a favored way of making payments among customers. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards.