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

Stax

DSO, or Days Sales Outstanding, is a formula and KPI for small and medium-sized businesses to measure the average number of days it takes to collect payments from customers. TL;DR DSO is calculated by dividing Net Credit Sales by Accounts Receivable, then multiplying by the number of days in any given period.

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Would My Business Benefit From Using A Contactless Virtual Terminal?

Stax

This solution allows you to accept payments over the phone or in person from your computer, all without needing a physical card reader or point of sales terminal. A virtual terminal is fit primarily for businesses such as food delivery services, professional services, freelancers, and healthcare providers.

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

Stax

By offering convenient payment options, you can attract more customers and increase sales. While you have control over whether a cardholder’s card is swiped or keyed in at the point of sale, you can’t control what kind of card they use. Stax’ subscription pricing starts at just $99 per month.

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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. Optimize your credit card processing speeds Slow transactions are, at best, an annoyance to customers, and at worst, result in lost sales, especially online. Request a custom quote to see how Stax Pay can work for you. It’s best to avoid long-term contracts.

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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. If you find yourself short on either, consider tools like CardX by Stax, a platform that offers credit card surcharging solutions. Regulatory surcharge. Minimum usage surcharge. Industry Standards.

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

Stax

A merchant cash advance (MCA), also referred to as a merchant loan or business cash advance, is a short-term business financing option that allows small business owners to receive cash advances based on future credit or debit card sales. you’ll pay a total of $112,500 You then repay the MCA from your future credit card sales.

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6 Vertical SaaS Examples that Integrate Payments

Stax

Vertical SaaS is a software solution designed with features focused on meeting the needs of users in a specific industry niche like fitness, healthcare, real estate, restaurants, or car dealerships. Retail Retailers must manage sales from both brick-and-mortar outlets and online eCommerce stores. Request Quote What is Vertical SaaS?