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For example, you can connect your Stax account to your CRM or Google Sheets in just a few clicks. Every time you create an invoice or process a payment, a trigger event will fire, prompting Zapier to automatically log the new customer data and send it to your CRM platform.
SaaS operates on a subscription model, making it easier to manage cash flow and reduce upfront expenses. Instead of sending users to third-party processors, embedded payments allow your merchants to accept and manage payments directly within your application.
It is a subscription-based integrated payment platform that helps you process credit card payments. Learn More Stax offers the lowest cost of accepting credit cards among all merchant account providers. One thing to note is that Quicken only offers year subscription plans, while QuickBooks offers monthly plans.
Fee structures matter; understand the differences between interchange plus, flat rate, tiered, and subscription pricing to find the most transparent and cost-effective option. Credit card merchant services are the systems, tools, and agreements that allow businesses to accept payments via credit and debit cards.
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 choose the right payment method, consider transaction volume, transfer speed, cost, and security. ACH payment is more affordable and can be automated and payee-initiated, making it ideal for recurring transactions and subscriptionpayments. With other EFT methods, only the payer can send payment manually.
The rapid evolution of embedded payments is reshaping industries and unlocking new opportunities, particularly for small business sectors that have often been overlooked. 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.
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.
New revenue streams With integrated payments, youre no longer just a software provideryoure also part of the transaction flow. That opens the door to revenue streams like: Payment processing fees Earn a share of every transaction processed through your platform. Pro tip: Stax Connect ticks all these boxes and more. Learn more.
Ensure your processor uses securepayment methods, address verification, and fraud detection tools to minimize chargebacks and fraud. Compare different payment processors and negotiate lower markup fees to cut down on overall costs. Stax offers a transparent subscription model with 0% markup on direct-cost interchange.
This is to ensure customers can easily find the button when evaluating payment options on your site. For businesses using a subscription-based sales model, Click to Pay supports recurringpayments and your customers will be able to easily authorize recurring charges using their stored card information.
Integration capabilities Since you probably have other tools in your tech stack, you dont want to keep switching tabs or windows to reconcile invoices or transfer data. Look for an eCommerce payment system that offers plug-and-play integrations with your existing tech stack to minimize development costs.
Join the Payments-Led Growth Movement Sign up to keep up-to-date with the latest trends in payments, vertical SaaS, and technology from industry experts. Revenue churn focuses on the financial impact of churn by calculating the percentage of lost recurring revenue, taking into account factors such as downgrades and cancellations.
Online payment processing vs. in-person processing Online payment processing systems Online payment processing allows businesses to accept digital payments via eCommerce platforms, mobile apps, and websites. These systems are ideal for subscription-based and SaaS businesses with global customers.
Stax , for example, charges a monthly membership fee to process transactions regardless of how many transactions you process (within your applicable tier). Work with a payments processor that matches the needs, constraints, and goals of your business, thereby leading to reduced card processing costs. Contact us
TL;DR A scalable solution adapts to higher volumes, evolving business models, and new payment methods without breaking down or holding you back. From handling spikes in transactions to supporting subscriptions, omnichannel sales, and new markets, your payment processor should make expansion easier.
As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses. Companies can capitalize on: Subscription-based integrations , where users pay extra for advanced functionalities. If your customers pay online, you can build hosted payment pages.
APIs, allow you to customize your payment gateway integration with functionality like email or text invoices, single or recurringpayments, and various other options. Some payment gateways will provide their own APIs, while others will use third-party APIs. Q: What is a Merchant Account, and what are its types?
No – requires a payment processor to complete transactions Yes – for in-person transactions; needs a gateway for CNP transactions Provided By Often bundled with eCommerce platforms (e.g., Shopify Payments, PayPal, Stripe) Often provided by banks or payment service providers (e.g.,
The world of payments is constantly evolving, with new technologies and shifting business demands reshaping how money moves. 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.
How to ensure effective training: Provide detailed onboarding materials, including documentation, FAQs, and case studies on common issues with payment acceptance and recurringpayments. Q: What are some examples of providers that offer integrated payment support?
Changes every transaction to specify the payment amount and details. Accessible via digital invoices or from the merchants app. Mobile wallets and in-app payments Mobile wallets facilitate in-store and online transactions without cash or physical cards. Customers enter the amount manually and confirm the transaction.
SMS mobile payments An SMS mobile payment service, also known as Text to Pay , allows a merchant to invoice a customer using their phone number. First, the merchant sends a securepayment link to facilitate a transaction. This directs them to a unique payment page. Request a Quote
Payment Processor: The credit card processing company handles the processing and batching of purchases made with credit, debit, or gift card payments. per transaction +20-30¢ per transaction The Payment Process Whenever your customers use a credit card to make a payment, each of the parties mentioned above gets involved.
when someone has canceled a subscription and still receives a charge) Goods or services not being received after the purchase Being charged an incorrect amount Unauthorized credit card usage (i.e. This adds another layer of security (particularly for online transactions) so you can avoid incidents that lead to chargebacks.
Join the Payments-Led Growth Movement Sign up to keep up-to-date with the latest trends in payments, vertical SaaS, and technology from industry experts. TL;DR An ACH API allows businesses to automate bank-to-bank payments—like ACH debits, credits, and recurringpayments—by integrating directly with the ACH network via software.
CardX by StaxStax provides businesses with surcharging capabilities as part of their comprehensive payment platform. With CardX by Stax, businesses can introduce surcharging in line with local laws. You pay a transparent monthly subscription and get access to direct cost pricing on every transaction.
All of these steps are made easy by a surcharge-compliant credit card processor like CardX by Stax. The benefits of surcharging include cost recovery, competitive pricing, financial flexibility, and payment method diversification. They provide the necessary systems and tools to add a surcharge securely to credit card transactions.
A well-integrated system allows businesses to accept multiple payment methods, sync transactions with inventory and accounting software, reduce manual errors, improve transaction speed, and provide securepayment processing. If you offer cloud-based POS systems, your customers get automatic updates and security patches.
The business can ring up orders, process sales, generate invoices, manage inventory, monitor buying trends, and collect marketing data. They lacked important capabilities like inventory management, customer data tracking, and multi-channel payments. It involves a high initial investment but no recurring charges.
Consider the average transaction size and volume your business handles, as some processors are better suited for larger transactions, while others are ideal for high-frequency, low-amount payments. Does your business model include recurring billing? Need to send invoices or only take payments at a point-of-sale?
Stax Connect’s recent webinar, featuring CardX Founder Jonathan Razi , offered ISVs insight into this intricate challenge, providing expert guidance on surcharging compliance and a glimpse into the future of payment processing. . Razi also reiterated the importance of the presentation of surcharges on receipts and invoices.
A smooth, securepayment experience builds customer trust. Laggy terminals or limited payment methods can lose you the sale. Here’s a simple, step-by-step process to help you evaluate your options and choose a provider that aligns with your business goals and payment processing needs. and online payments.
Three-tiered pricing (or tiered pricing) is a popular strategy several payment processing companies use—not to be confused with the tiered pricing models (volume-based pricing, usage-based pricing, feature-based pricing, subscription-based pricing, etc.) You could also opt for membership-based pricing like Stax offers.
ACH transfers are particularly popular among businesses that deal in high transaction volumes because of much lower processing fees than card payments. Its a good fit for payroll processing and large bill payments between B2B businesses. It’s also perfect for businesses with a subscription-based (recurringpayments) sales model.
Payment types and methods supported While being able to facilitate credit card payments are table stakes, your business may benefit from additional payment services. Capabilities like ACH transfers , invoicing , recurring billing , etc., Stax does not currently take on other ISOs as partners.
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).
Subscription pricing. Payment processors that implement membership pricing give you access to direct interchange ratesregardless of your processing volume. And instead of adding a percent markup to each transaction, youre simply charged a flat subscription fee every month. Reach out to Stax for a consultation today.
To set up credit card payment processing for your business, you need to apply for a merchant account, and upon approval, get a payment gateway (online payments) and payment terminals (card readers, virtual terminals) to start accepting card payments. Stax takes a unique approach.
Choosing a provider that covers all these payment options will enable you to better serve your customers. 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.
Used for procurement and recurring business expenses. P-cards simplify the accounts payable process by reducing the need for purchase orders and invoices. Purchasing cards (P-cards). Fleet cards. These cards are tailored for businesses that manage vehicle fleets.
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.
We can see this trend in action in the realm of payment processing with the advent of recurringpayments, also known as automatic payments. Industry data shows that subscription-based businesses are growing 3.7x So, let’s dive into the realm of recurringpayments and how they can benefit your business.
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.
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