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Would My Business Benefit From Using A Contactless Virtual Terminal?

Stax

A virtual terminal is fit primarily for businesses such as food delivery services, professional services, freelancers, and healthcare providers. These businesses often conduct most of their business over the phone, submit electronic invoices, or have recurring monthly membership services fees.

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Days Sales Outstanding Formula: What is DSO and How Do You Calculate It?

Stax

In an ideal world, all customers would pay an invoice the moment they receive it. But in reality, companies often have to spend considerable time and resources chasing down late payments that are stuck in Accounts Receivable. Promptly collecting payments from your customers is essential to run a sustainable business.

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ISVs vs SaaS: What’s the Difference?

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SaaS companies deliver software applications over the internet on a subscription basis, simplifying access and management for users. Some well-known examples are Adobe, a design and creator platform, Autodesk, a leading construction management system; and Meditech, a healthcare information systems solution. What are SaaS companies?

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Demystifying Credit Card Interchange Fees: What You Need to Know [2024 Rates and Updates]

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Set rate processing Subscription rate processing TL;DR Interchange fees are not collected by your payment processor or bank; they go directly to the card-issuing banks. At the end of the day, how much you’re paying for credit card processing relies on your payment solutions provider.

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Visa Interchange Rates 2024: What You Need to Know

Stax

Retail transactions might have different rates compared to healthcare or travel-related transactions. Audit your data security measures. Secure payment processing methods can result in reduced fees, as the card networks offer reduced fees on transactions they deem less risky. Improve your customer retention strategies.

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

Stax

Companies, particularly those in the healthcare, transportation, and food industries, levy surcharges to meet these compliance standards. On invoices, present it as a separate line item to provide a clear breakdown. Whether online, in-office, or in-person, CardX by Stax’s turnkey solution implements surcharging effortlessly.

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Credit Card Processing for Small Business: 9 Tips for Accepting Payments Securely and Cost-Effectively

Stax

Here are Stax’ Top Credit Card Processing Tips. In today’s world, knowing how credit card transactions work is super important for any business owner, given that card transactions make up the bulk of all payment transactions. Request a custom quote to see how Stax Pay can work for you.