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Understanding Risk Management Strategies as a PayFac

Stax

To establish an effective risk management program as a PayFac, you must establish a dedicated risk management team, utilize the right tools and technology, develop proper risk management policies and procedures, conduct regular risk audits, and stay up-to-date with the latest industry regulations. Velocity checks.

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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 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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Vertical SaaS vs Horizontal SaaS: 8 Differences and Similarities

Stax

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. Users will pay a recurring monthly or annual fee to access a specific set of services.

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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. Chargeback fees.

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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. Leveraging technology, monitoring chargebacks, and addressing individual business factors help to reduce credit card fees and improve overall profitability.