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SaaS operates on a subscription model, making it easier to manage cash flow and reduce upfront expenses. SaaS vs IaaS SaaS (Software as a Service) delivers ready-to-use applications over the internetthink tools like email marketing platforms, CRMs, or ecommerce software.
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. One of the biggest hurdles businesses face, according to Rowe, is sustaining growth in increasingly niche vertical markets.
For subscription-based businesses achieving consistent and predictable revenue growth is the holy grail. In fact, monthly recurring revenue (MRR) is one of the most important metrics subscription businesses should be aware of. It can also be used to calculate the customer acquisition cost (CAC) and gross margin.
The concept of unearned revenue can easily trip up SaaS companies that offer subscription services and products on a recurring basis. Unlike when selling ordinary products, you cannot recognize the revenue earned from a subscription all at once. In the case of SaaS subscriptions, this could take several months—or even years.
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. As the industry advances, Stax is positioned at the forefront, paving the way for a smarter, more efficient future in payment processing.
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. There are many good products in the market that provide you with all of the features you need, but we will only focus on Quicken software and Intuit’s QuickBooks Online.
Subscription upgrades Unlock premium features tied to payment tools that drive more value for users. Its not just a feature, its a differentiator that strengthens your market position. Pro tip: Stax Connect ticks all these boxes and more. Contact sales 2. to be able to resolve customers’ payment processing issues.
As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses. Unlike traditional vendor-client relationships, ISV partnerships are often built on mutual benefits, where both parties enhance their market positioning through integration. Whats the value of an API?
In this article, we’ll explore the significance of billing platforms in contemporary business, delve into the features that set Stax Bill apart, and guide you through the process of selecting the right billing solution for your unique needs. said Suneera Madhani, founder and CEO of Stax. “The
There are many processors out there that claim to save you money, and in this post we’ll take a look at two of them: Riverside Payments and Stax. Marketing aside, though, we’re here to see how Riverside really stacks up for small business payment processing. 24/7 technical support is available with all subscriptions.
We recently had the privilege of sitting down with a panel of payments experts from Stax for a masterclass on this critical topic. Our host, Ray Lau , VP of Marketing, led an insightful discussion with Jeremy Krahl , SVP of Payment Partner Growth; Fred Nelson , VP of Sales Enablement; and Brandon Ewell , Partner Growth Manager.
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?
In this blog, well unpack what scalability really looks like in a payment solution and how to choose one that wont hold you backwhether you’re just beginning to start accepting payments or scaling to new markets. Makes business expansion easier (less growing pains) Planning to expand or add a subscription service?
Fee structures matter; understand the differences between interchange plus, flat rate, tiered, and subscription pricing to find the most transparent and cost-effective option. Ideal for growing businesses that want to optimize processing costs, our transparent subscription pricing model can save customers up to 40%.
Assessment fees Assessment fees are charges imposed by the card networks (Visa, Mastercard, American Express, Discover) to support their operations, including marketing, network maintenance, and the development of new technologies. With CardX by Stax, businesses can introduce surcharging in line with local laws.
Over a year, that translates to a loss of $300,000without factoring in additional costs like marketing spend to replace lost customers. This is especially true when working in a competitive market, as it helps clearly differentiate SaaS products. A lower churn rate indicates higher customer retention.
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. Are they a trusted partner that can support expansion—whether that means new products, new markets, or new sales channels?
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.
How to Choose the Right Payment Solution for Your Business With the multitude of options in the market today, selecting the right eCommerce payment software for your business can be overwhelming. A SaaS company with subscription billing would opt for a solution with enterprise-level support, custom pricing, and fraud protection.
Churn is the percentage of customers that end their subscriptions within a certain amount of time. Your CAC is how much you spend on acquiring and onboarding a customer, and can include marketing, communications, sales, and other expenses. Churn rate. Customer lifetime value. Customer acquisition cost.
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. Some others, including Stax, offer subscription-style processing that gives you access to the lowest rates of interchange.
Long before the digital age, newspaper and magazine companies have been using the subscription model to create and retain a consistent readership for their publications. The most potent benefit of the subscription-based business model is that companies are guaranteed a fixed revenue stream—if they can retain their customers or subscribers.
Subscription models offer companies large and small the opportunity to build predictable revenue and high customer lifetime value. But managing subscriptions effectively and freeing up time and resources for expansion is no picnic. In a subscription business model, customers pay a recurring fee in exchange for a product or service.
In fact, ResearchAndMarkets.com forecasts the global credit card payment market to grow to $762.16 Mobile card readers are particularly suited for merchants that sell their products at farmers markets, fairs, trade shows, etc., Subscription pricing. Stax is one example of a provider that implements subscription pricing.
Data analytics: the provider must offer extensive data analysis tools and features to help you track transaction data in real-time, and gain valuable insights that can help you improve customer experience, marketing strategies, and other business offerings. Minimal or no integration with marketing systems.
The business can ring up orders, process sales, generate invoices, manage inventory, monitor buying trends, and collect marketing data. POS software with advanced CRM features can leverage sales data to generate just-in-time marketing at the counter customized based on the customer profile. The software powers the POS system.
What to Look for in a Payment Provider There are numerous payment systems and providers in the market, so finding the right one can be overwhelming. Stax, for example, supports multiple modes of payment. From credit and debit cards to mobile payments (like Apple Pay), ACH, and invoicing, Staxs platform has everything you need.
In an increasingly competitive B2B market, flexibility, agility, and adaptability are necessities for todays businesses. Consumer adoption of digital solutions is accelerating at a rapid pace, with the SaaS market projected to grow from $315 billion in 2025 to $1,131 billion in 2032. What is Payment Monetization?
You need the services of a reliable payment service provider to securely accept and process card payments and the right provider for you will be one that supports your preferred payment methods, sales model (one-time payments or subscriptions), and geographical reach (international sales).
Here’s an interesting stat: 70% of businesses consider subscription and membership models indispensable for future commercial growth and expansion. In a saturated market, how do they distinguish themselves? They must engineer a well-rounded solution that makes handling subscriptions a breeze (and yes, it is as hard as it sounds).
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.
Enabling customers to pay for their purchases with the least amount of friction—but with highest amount of security—is critical if you want to stay competitive in today’s market. ” How it Works If you’re a Stax merchant, enabling card-present tokenization is easy and doesn’t come with additional costs.
Independent Software Vendors (ISVs) and Software-as-a-Service Providers (SaaS) operate within the same market, thus creating a push-and-pull revenue dynamic. SaaS companies deliver software applications over the internet on a subscription basis, simplifying access and management for users.
MoR is especially valuable for those SMEs planning to enter foreign markets. By working together with a MoR, this business can enter multiple European markets without having to set up separate legal entities in each country. Also, how it may serve as an excellent Merchant of Record ecommerce solutionfor your small business!
Reporting and analytics: How can you be sure fundraising campaigns and marketing efforts are paying off? At Stax Connect, we work with a subscription-based mode l with a 0% markup on direct-cost interchange. And with our transparent subscription-based model, you can ensure you have more money going to the causes you support.
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. Stax can save you from that headache with less room for error.
Level Up Your Terminal with Stax Card Readers What is a Credit Card Terminal? RELATED: Will a Stax Wireless Card Reader Improve Your Business? Stax offers NPC mobile readers for small to mid-sized merchants looking to accept mobile payments anywhere they conduct business.
Meanwhile, retailers that provide at least three of the most popular payment methods in any market increase their conversions by up to 30%. Also, you likely operate on a SaaS model, where businesses purchase a subscription-based license. This is where Stax Connect comes in.
Chargebee is a robust subscription management platform. Zoho Subscriptions. Most Chargebee alternatives are either subscription billing software or payment gateways. That’s why most SaaS companies need payment software that can support many different types of trial models, subscriptions, etc.
It can be an overwhelming process, especially with so many options in the market. You may be better off with a platform-agnostic payment processing software like Stax Payments, which works with a number of leading solutions. For example, Stax offers lower transaction fees for high transaction volumes.
In this guide, we compare six Recurly competitors and alternatives according to several categories: Subscription management and recurring billing Checkout Global payment processing Reporting and analytics Pricing Customer reviews We’ll start with a deep dive into FastSpring — our end-to-end payment solution (i.e.,
But in such a saturated market, selling your EHR software and expanding your user base can be difficult. If you want to increase the user base and boost the revenue of your EHR software, you need the right tips for marketing. The majority of hospitals already use EHR software, making the market saturated. billion by 2027.
Software as a Service (SaaS) has made business software more accessible by offering cloud-based, on-demand access to a range of solutions, from project management and collaboration to sales and marketing. Target market focus Horizontal and vertical SaaS each target a very different customer base. But not all SaaS products are alike.
Lead generation involves varied relentless efforts that include content marketing, email outreach, digital ads, cold calls, and more to convince and nurture potential customers. Stax Bill) Order Management Fulfillment of orders according to agreed terms. Fortunately, this is where quote-to-cash comes in.
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