article thumbnail

Recurring Payments: Definition and Implementation Best Practices

Stax

We can see this trend in action in the realm of payment processing with the advent of recurring payments, also known as automatic payments. Industry data shows that subscription-based businesses are growing 3.7x So, let’s dive into the realm of recurring payments and how they can benefit your business.

article thumbnail

PayPal Fees: How They Work and Alternative Solutions

FastSpring

If you run a small business, nothing beats the convenience and simplicity of a service like PayPal. But this convenience is somewhat deprecated when you look at your PayPal account and see a significant problem: fees. How much does PayPal charge?” The Anatomy of the PayPal Fee Schedule. What Percentage Does PayPal Take?

PayPal 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PayPal for Enterprise: Building Solutions Across the Funnel

Neil Patel

Article sponsored by PayPal. Contactless payment methods are tapping into the future of commerce. International Data Corporation (IDC) predicts that 80% of retailers will offer contactless payment and app-based scan-and-pay systems in-store by 2023. Solutions include: ● Omnichannel payments. Customer insights.

PayPal 80
article thumbnail

How to Find the Best SaaS Billing Platform: A Complete Guide

Stax

Here’s an interesting stat: 70% of businesses consider subscription and membership models indispensable for future commercial growth and expansion. They must engineer a well-rounded solution that makes handling subscriptions a breeze (and yes, it is as hard as it sounds). However, only 10% of them currently employ these models.

article thumbnail

SaaS Billing Software: 7 Tools in 3 Categories & How to Choose

FastSpring

SaaS billing software automates one or more of the various aspects of the recurring billing process — payment processing, fulfillment, dunning, and more. You’ll still need a separate solution for payment processing, taxes, chargebacks, and more. 3 Subscription Management Software. 3 Payment Processors.

article thumbnail

Demystifying Credit Card Interchange Fees: What You Need to Know [2024 Rates and Updates]

Stax

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. One such strategy includes implementing credit card surcharging to offset the cost of interchange fees. Request Quote What Are Interchange Fees?

article thumbnail

7 Best SaaS Billing Systems (2020)

Baremetrics

Fast forward to today when most software companies use a Subscription as a service (SaaS business model , and things aren’t as simple. You have to deal with recurring payments, multiple pricing plans, annual vs monthly payments, add-ons, variable payments and the list goes on. how you receive the payment).