Remove PayPal Remove Point of Sale Remove Stax
article thumbnail

Payment Gateway vs Payment Processor: What You Need to Know

Stax

Shopify Payments, PayPal, Stripe) Often provided by banks or payment service providers (e.g., Shopify Payments, PayPal, Stripe) Often provided by banks or payment service providers (e.g., If the transaction is deemed legitimate and the customer has sufficient funds, the payment gateway will finalize the sale and relay the approval.

article thumbnail

Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. A consumer may use their physical credit card, for example, but if the point of sale system is digital — such as a mobile device instead of an analog cash register — this would be considered a digital payment.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

Clients only need to swipe a card at your point-of-sale (POS) terminal or enter their bank account number into your website (Initiation). For example, PayPal charges 2.9% + a flat fee of the transaction amount, while Stripe has a standard fee of 2.9% + $0.30. Make the most out of your payment method with Stax.

article thumbnail

How to Choose the Best Credit Card Processing Company for Your Business

Stax

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. your CRM system, accounting software, POS system, etc.). and online payments.

article thumbnail

Want the Cheapest Credit Card Processing? Surcharging May Be the Answer

Stax

Point-of-sale disclosure: When processing a transaction, ensure the POS system clearly breaks down the transaction amount, including the base price and the surcharge amount. CardX by Stax Stax provides businesses with surcharging capabilities as part of their comprehensive payment platform.

article thumbnail

What are Mobile Payment Services and How Do You Select the Right One for Your Business?

Stax

Shoppers don’t need to carry cash or physical cards on their person while visiting a store that accepts mobile payments, while merchants can reduce their reliance on expensive point-of-sale systems that offer slower payment processing. Popular peer-to-peer apps include PayPal, Venmo, and Zelle. What about mobile payment systems?

article thumbnail

Everything You Need to Know About Credit Card Processing

Stax

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% Step 3: The card is authorized.