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Software tailored to your industry? TL;DR Vertical software solutions are those that are hyperfocused on addressing the pain points or specific needs of small and medium businesses (SMBs) in certain industries or niches. Vertical SaaS is industry-specific software designed to meet the unique needs of a particular niche or market.
Most businesses use dozens of web applications and software to manage daily operations. Solutions to manage finances, communication tools, project management apps and many other solutions are used daily to keep your business in business. Are your critical applications segmented and siloed?
The term SaaS platform gets tossed around a lotbut what does it actually mean, and why does it matter for today’s software companies? In this article, we’ll break down what a SaaS platform is, highlight real-world examples, and explore key strategies to succeed in the fast-moving software-as-a-service industry.
The average churn rate for the software industry as a whole is 14%. As a SaaS business leader, reducing software user churn is an important part of maintaining your customer base and increasing revenue. TL;DR The average software industry churn rate is 14%, but SaaS companies should aim for under 2%. Looking to measure churn?
Adam Gray , Chief Transformation Officer at Stax, recently sat down with Hal Levey of PYMNTS to discuss emerging trends in payment processing and vertical integration. It should all feel like one unified experience, Gray emphasized, where I dont realize Ive left a platform or am using a different piece of software.
This powerful concept moves beyond just selling software; it transforms your platform into the central hub for your customers’ financial operations, creating deeper value and unlocking significant revenue streams. What Exactly is Payment Attachment, and Why Does it Matter So Much?
Small businesses in America and worldwide have to choose from a wide variety of accounting software solutions, and this range of choices can be overwhelming. Research shows that 64% of small businesses use accounting software and the market for accounting software solutions is projected to be worth $4.3billion by 2023.
POS system – A combination of hardware and software that lets you accept in person payments and process sales on-site. Features like same-day or next-day deposits can make a major difference when it comes to managing payroll, inventory, and day-to-day expenses.
If youre a software provider looking to boost revenue, streamline operations, and deliver more value to your users, ISV integrated payments can be a game-changer. The Basics of Integrated Payments At the core, integrated payments connect your software to a payment processor through APIs. The best part?
Luckily, you may not need to spend much on new hardware, software, and other setup expenses if you already own the required infrastructure in your existing business. You also need to weigh the cost implications of implementing a new payment system. Your provider should help with this. Request a Quote
Ensure it integrates with accounting software like Xero, QuickBooks, and FreshBooks for streamlined financial tracking and tax reporting. Also, look for a system with automated chargeback management and dispute resolution to minimize revenue loss. But it would be nice to have it as an option as your business expands. Contact us
A good system plays a vital role in managing cash flow, alleviating fraud risk, and enhancing customer satisfaction. Payment processor – The company managing the transaction process. Systems used for this include payment gateways , subscription billing software, and eCommerce platforms with built-in payments.
In an interview with Karen Webster , CEO of PYMNTS , Paulette Rowe , CEO of Stax, pulled back the curtain on the critical strategies and innovations driving the next wave of payment partnerships. Another crucial area where Stax provides expertise is go-to-market and pricing strategies. .” The results speak for themselves.
For companies looking to scale, Independent Software Vendors (ISV) are a crucial tool that provides specialized software solutions that integrate seamlessly with existing business tools. As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses.
It adapts as you grow, offering the tools you need to manage payments, support new business models, and ensure secure, efficient payment processing. Healthcare practices expanding locations or services From dental clinics to virtual care, providers need to securely manage patient data while processing payments across multiple channels.
As a SaaS business owner, you are always looking for ways to improve your software and boost your bottom line. When adding payment features for software users, the importance of including customer support for payment processing is no different. The Cons of Outsourcing Payments Support 1.
All of these steps are made easy by a surcharge-compliant credit card processor like CardX by Stax. Integration capabilities: Consider whether the provider offers integrations with your existing business systems, such as e-commerce platforms, point-of-sale (POS) systems, or invoicing software.
These systems include the hardware, software, and payment networks needed to process secure transactions from smartphones and tablets. Check out Stax to find the ultimate all-in-one mobile payment solution. Ask: What are the transaction fees for each payment method? Request a Quote
Stax Stripe Square PayPal Banks Contract Required No No No No Yes Early Termination Fees No No No No Yes Card Present Processing Pricing $99/month + 8¢ per transaction + interchange 2.9% + 30¢ per transaction (includes interchange) 2.6% + 10¢ per transaction (includes interchange) 2.7% With Stax, your payment processing statement is simple.
TL;DR An ACH API allows businesses to automate bank-to-bank payments—like ACH debits, credits, and recurring payments—by integrating directly with the ACH network via software. According to Stax’s Lead Software Engineer Austin Kelsch, an ACH API is a “subset of the broader payment API category” and is used mainly to facilitate ACH transfers.
As an independent software vendor (ISV) or eCommerce platform, these statistics mean that you should focus on function when developing products for your clients. Starting the payments journey can be an uphill task for software companies and eCommerce platforms. The payment provider is responsible for hosting and managing the gateway.
Key Actions During the Demo and Trial: Test core features such as the ease of processing transactions, managing refunds, issuing invoices, and handling recurring billing if applicable. Ensure that the processor you choose can work seamlessly with your existing point-of-sale (POS) system, eCommerce platform, or accounting software.
Theyre more than just business toolsthey help you manage inventory, track sales, streamline customer interactions, and even get valuable business insights. Thats why weve compiled this guide to help you understand how POS systems work, the key features to look for, and how to choose and implement the right software for your retail store.
TL;DR An ISO (Independent Sales Organization) is a third-party company authorized to manage merchant accounts and provide payment processing services on behalf of acquiring banks. Hardware and software Ensure that the ISO offers solutions that play nicely with the tools and platforms you’re using in your business.
If you use multi-channel payments, then integrated payment solutions also help you manage your transactions from different avenues. Stax is one example of a provider that implements subscription pricing. At Stax, we offer an array of credit card payment processing services to help you take your business to the next level.
The payment gateway : this is a cloud-based payments software integrated with your website thats responsible for the secure transfer of your customers credit card information to your payment processor. Stax Pay offers an embedded payment gateway you can easily incorporate with your website using the Stax API.
Types of credit card processing companies There are two general types of payment processors: Direct processors (like Stax) offer businesses a dedicated merchant account, with more control and often lower costs at scale. Do they help with PCI compliance and dispute management? your CRM system, accounting software, POS system, etc.).
Stax, Payment Depot, and CardX are three of the very best providers in the industry. Payment terminals are usually provided by your payment service provider, though there are some providers like Stax that let you use your existing hardware. Stax takes a unique approach.
You also need a payment services provider that supports your chosen payment methods, but that providers platform must integrate seamlessly with your existing CRM, ERP, payroll, CMS, and accounting software systems. However, cryptocurrencies arent without their drawbacks. Digital currencies continue to experience extreme price volatility.
Neiconi brings more than 15 years of experience in risk and fraud management leadership to his new role, with a deep background in developing fraud risk solutions, risk data collection and analysis, and compliance. Stay Payments , a leading payment technology provider, has appointed Valentin Neiconi as Chief Risk Officer. and Canada.
As industry leaders in billing software, our mission is to help our customers work more efficiently, recover more revenue, and effortlessly collect invoices. TL;DR A billing platform is a comprehensive system facilitating subscription management, recurring billing, revenue recognition, payment gateways, analytics, and dunning processes.
To the incredible Stax community: allow us to take a moment to recognize a milestone that we are extraordinarily proud of—our 10th anniversary. Sprinkled throughout this article are quotes from some of Stax’s long-standing employees, because who better to tell the company’s story than the people who help make it happen?
Whether you’re a freelance service provider, a cafe owner, or a retailer, card payments are king, and your credit card processing account is where you hold power to manage and control your fees. The company promises a Relationship Manager for every customer and 24/7/365 customer support.
The consistent software updates and upgrades have made it easier than ever to run businesses. We’re seeing a similar trend in the legal industry, where law firms rely on case management systems to run their businesses. With management systems’ continual growth and improvement, it’s no wonder software sales are at an all-time high.
But managing subscriptions effectively and freeing up time and resources for expansion is no picnic. This could be a subscription box, a SaaS (Software as a Service) product, or even just a streaming platform like Netflix. In a subscription business model, customers pay a recurring fee in exchange for a product or service.
This is where field service management (FSM) come in. Field service managementsoftware is a system that helps a company monitor and coordinate their employees’ activities off the company’s premises. We’ve compiled these success tips to help your company manage your field services through FSM software.
These days, software is no longer just a toolits the backbone of how modern businesses operate. At the heart of this transformation is a growing ecosystem of Independent Software Vendors (ISVs) building applications that plug into broader platforms and solve specialized problems. What is an ISV (Independent Software Vendor)?
Effective management of unearned revenue involves cash flow forecasting, using the right accounting software, and mitigating the risks associated with subscription churn. Common subscription types include software as a service (SaaS) subscriptions, streaming services, and subscription boxes of physical goods.
However, setting up and managing a payment system can be complex and overwhelming. In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. Let’s dive deeper into risk management practices for PayFacs.
Businesses can also streamline accounting tasks by integrating digital payment systems with their financial software, which improves accuracy and efficiency in financial reporting. For consumers, digital receipts and transaction histories are easily accessible online, reducing clutter and simplifying budget management.
While previously many nonprofits only had the option to use payment processors like PayPal, Stripe, or Square, there’s been a shift towards independent software vendors (ISVs) that offer integrated payments. If in doubt, just start by drawing up a list of what’re must-haves and nice-to-haves for software and the organizations your serve.
Selecting the right payment processing software is crucial for any business aiming to streamline transactions and enhance customer experience. Factors to Consider When Choosing Payment Processing Software Below are factors you must consider before choosing a payment processing software platform for your business.
Data cited by Statista shows that the software as service is expected to hit $299 billion by the end of 2025. An additional revenue stream to include in your SaaS operations model includes payment monetization by implementing a payments ecosystem within your software. More on that later.
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