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Understanding Risk Management Strategies as a PayFac

Stax

Reputational risks Risks associated with things like data breaches, poor customer service, company controversies, etc. Merchant onboarding and vetting procedures To authenticate prospective sub-merchants, PayFacs must collect all relevant information about their business—in line with all applicable laws and regulations.

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The 7 Best Mobile POS Systems for Small Businesses in 2024

Stax

Whether businesses are on the road or staff are simply moving about in-store, mobile point of sale systems (mPOS systems) are becoming an increasingly popular POS option for small businesses. Today, they’re known for their robust services, enhanced security, user-friendly interfaces, and the integration of advanced data analytics.

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What Is a Credit Card Surcharge?

Stax

It is added at the point of sale and depends on the total amount of a transaction and the cap set by credit card companies. It is also important to inform your customers—both in-store and online—about credit card surcharges on any purchases they might make. Next, inform your acquiring bank about your intent, again, 30 days in advance.

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What Is a Credit Card Surcharge?

Stax

It is added at the point of sale and depends on the total amount of a transaction and the cap set by credit card companies. It is also important to inform your customers—both in-store and online—about credit card surcharges on any purchases they might make. Next, inform your acquiring bank about your intent, again, 30 days in advance.

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What are Merchant Accounts and How Do They Work?

Stax

Without a merchant account, it’s very difficult to ensure consistent cash flow or manage multiple sales channels effectively. In this blog, we’re going to explain how merchant accounts work in both eCommerce and offline settings and what businesses need to consider when selecting a merchant services provider.

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What Is an ACH Payment Facilitator?

Stax

The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. PayFacs typically partner with a payment processor or a bank to provide merchant services.

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How Much Do Credit Card Companies Charge Merchants?

Stax

As well as improving profit margins, these activities can also enhance the customer experience and give merchants a competitive advantage in the marketplace. The merchant service providers that a business is using to handle credit card payments play a key role in determining the size and structure of credit card fees.