Stax

APRIL 18, 2024

Payment Gateway: A service provider that facilitates communication between the merchant’s POS system and the acquiring bank’s payment processing system. The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

APRIL 18, 2024

Merchants can accept payments anywhere with mobile credit card processing, eliminating the need for a fixed point-of-sale terminal. That can mean paying the plumber by credit card in their own house or paying for a sweater with the sales associate who helped them pick it out, rather than going to find the POS desk.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

DECEMBER 20, 2023

By understanding the fee structure, promoting debit card usage, and optimizing your payment processing operations, you can effectively manage and reduce interchange fees, ultimately improving your bottom line. Regulated POS Debit, purchases and purchases with cash back Debit Rate (USD): 0.05% + $0.21 World High Value (USD) 2.00% + $0.10

Payment Services 167

Payment Services Merchant Services Payment Methods Payment Solutions 167

Stax

APRIL 2, 2024

As more businesses opt for a surcharge program to manage their ballooning costs, it’s important to be aware of best practices around notifying your customers about this additional fee to not only follow all legal requirements, but also provide a seamless customer experience. Contact us to get started with CardX by Stax today.

Merchant Services 88

Merchant Services Payment Methods Payment Services Accept Credit Card Payments 88

Stax

MARCH 14, 2024

Most B2C transactions are performed at the point of sale (POS), whether it’s eCommerce or in-store checkout, which lends them to faster payment methods like mobile payments more often than B2B transactions. The paper nature of checks makes it harder to cross-check transaction activity and manage cash flow.

Payment Services 88

Payment Services Merchant Services Payment Methods Payments 88

Stax

MAY 7, 2024

Processor markup These are fees charged by the payment processor, which is the company that manages and facilitates credit card transactions. Terminal or equipment fees – Small businesses often lease or purchase payment processing equipment, such as point-of-sale (POS) systems or credit card terminals.

Merchant Services 88

Merchant Services Payment Services Payment Methods Accept Credit Card Payments 88

Stax

MAY 6, 2024

Having a secure platform for managing customer and payment data is paramount to building and maintaining trust, and you can’t do that with poor systems and practices. In our latest webinar, Garrek Harris, Director of Platform Management at Stax, discussed the ins and outs of data security for merchants and ISVs.

Payment Services 88

Payment Services Merchant Services compliance SaaS Payments 88

Stax

JANUARY 22, 2024

Payment facilitators simplify the process for smaller businesses, aggregating multiple merchants under their umbrella and managing payments on their behalf. A payment gateway can be the POS system where you swipe your card in-store. An example of a Payment Facilitator is Stax Connect. That’s where a PayFac can step in.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

DECEMBER 20, 2023

This article explores the legal landscape surrounding surcharges, shedding light on the intricacies of state and federal laws and strategies for small businesses to manage processing costs. CardX by Stax helps businesses optimize costs and ensure compliance with surcharge laws. Get in touch!

Merchant Services 88

Merchant Services Payment Services Stax Payment Methods 88

Stax

DECEMBER 20, 2023

For example, if you have a project management app, then you can add payment features that allow people to use your software to take payments from their clients. How a PayFac like Stax can help A business can choose to open a merchant account on their own but the process can be laborious and time-consuming.

Merchant Services 88

Merchant Services Payment Services SaaS Payments Payments 88

Stax

FEBRUARY 28, 2024

Point of sale terminals are reprogrammed (or pre-programmed) to add the appropriate fee without manual input from merchants. How Does Surcharging Compare to Other Fee Management Strategies? If you’re working with a payment processing provider like Stax , they can take care of much of the following.

Merchant Services 88

Merchant Services Payment Services Payment Methods Stax 88

Stax

JANUARY 3, 2024

Self-checkouts also provide a range of other benefits, including reduced wait times, increased efficiency during peak hours, and more flexibility for customers to manage transactions. Integrate with Existing Infrastructure Ensure chosen system integrates with POS, payment gateway, analytics tools, loyalty programs, and CRMs.

Payment Solutions 88

Payment Solutions Payment Methods Payment Services Payments 88

Stax

MARCH 15, 2024

ISO/IEC 27001: This international standard provides a framework for establishing, implementing, maintaining, and continually improving an information security management system (ISMS). This method is widely used but can be vulnerable to password guessing or theft if not properly managed. Two-Factor Authentication (2FA).

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

DECEMBER 6, 2023

Service providers such as CardX by Stax help companies offset some of these fees in a compliant and seamless way. When a customer chooses to pay for their purchase with a credit card at the point of sale, the merchant adds a surcharge to the transaction. What is a Credit Card Surcharge Fee?

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

MARCH 26, 2024

That said, these tools are more than just a means to accept payments; they represent a comprehensive solution that integrates sales, inventory management, and customer data into a unified system. This harmonious integration simplifies various administrative processes and offers deep insights into sales trends and customer behaviors.

Payment Methods 88

Payment Methods Merchant Services Payment Services Payments 88

Subscription Flow

MARCH 25, 2024

Tasks in this diverse role include managing payments, complying with tax laws, and reducing risks such as chargebacks and fraud. Simplifying Operations with Merchant of Record ecommerce Operationally, the MoR simplifies payment procedures, improving client convenience at the point of sale and enabling quick fund payment for the company.

Merchant Services 89

Merchant Services Payment Services Payment Methods Payment Facilitation 89

Stax

FEBRUARY 5, 2024

With these in mind, you’re now ready to manage surcharges in your business operations. Managing Surcharges as a Business Transparent communication is the first step to implementing surcharges. If you find yourself short on either, consider tools like CardX by Stax, a platform that offers credit card surcharging solutions.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

NOVEMBER 6, 2023

Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn all about mobile payments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ productivity. Your customers are busy and so are you.

Merchant Services 88

Merchant Services Payment Methods Mobile Payments Payment Services 88

Stax

APRIL 30, 2024

Depending on the business type, merchant processing solutions are of two types: Point-of-sale (POS) systems POS systems are a popular payment collection system, with more than 93,300 companies using them in the US alone. In comparison, POS systems are ideal for businesses that operate from one single location.

Merchant Services 88

Merchant Services Payment Services Payment Solutions Payment Methods 88

Stax

DECEMBER 27, 2023

Without a merchant account, it’s very difficult to ensure consistent cash flow or manage multiple sales channels effectively. This type of merchant account can manage debit and credit transactions at a POS (point of sale) as well as card-not-present transactions.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Solutions 88

Stax

JANUARY 17, 2024

Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA). If you have just started a business, look for a PayFac that offers POS, exclusive ACH processing, and reporting features.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

FEBRUARY 15, 2024

FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. ISVs create software platforms for various industries, including business management, healthcare, and finance. Q: What is the difference between ISV vs PayFac?

Payment Services 88

Payment Services Merchant Services SaaS Payments Payment Methods 88

Stax

MARCH 21, 2024

SaaS services are also used in customer relationship management (CRM), human resources management, analytics, and communication. SaaS tools for document sharing, video/audio calls, and task management enhance collaboration and efficiency. Case Studies Sera is a Field Service Management (FSM) software company based in Texas.

SaaS Payments 88

SaaS Payments Payment Services Payments Payment Methods 88

Stax

JANUARY 10, 2024

By understanding how credit card companies charge merchants and how these fees are calculated, businesses can explore optimization strategies to manage and reduce some of these costs. In addition to generating revenue for the card network, the purpose of credit card transaction fees is to cover operational costs and risk management.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Facilitation 88

Stax

NOVEMBER 15, 2023

Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards. If you’re selling anything at all these days—online or in-person—it’s absolutely imperative to learn about interchange fees.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

JANUARY 23, 2024

The former will deal with purchase orders and ringing up sales at the register, while the latter will need capabilities related to invoicing and managing client records. Billing is done directly from the project to keep project management and finance tightly connected.

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Payment Methods Payment Solutions Payment Features Software Review 88