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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

Key steps include application review, risk assessment, credit checks, and compliance verification. This process involves reviewing the businesss structure, financial health, industry type, and compliance with regulations. Learn More What is Merchant Account Underwriting? This step is especially critical for e-commerce businesses.

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Quicken vs QuickBooks: Which is Best for Small Businesses?

Stax

Comparison of both platforms will use the following criteria: Features Ease of use Integrations Mobile app Customer support Pricing User reviews Scalability Security Learn More What is The Major Difference Between Quicken and QuickBooks? Learn More Stax offers the lowest cost of accepting credit cards among all merchant account providers.

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How ISV Partnerships and Integrations Can Drive Business Growth

Stax

As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses. For example, in fintech, ISVs provide specialized payment processing solutions that integrate with point-of-sale (POS) systems, enhancing transaction security and efficiency.

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POS Systems For Retail Stores: How They Work And How To Select The Best System For Your Business

Stax

There are a few things a business can do withoutand a retail POS system isnt one of them. Today, POS systems have evolved. But searching for a POS system for your retail business can feel like unraveling a complex web of features, pricing structures, and other considerations. Talk to sales What is a POS System?

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How are Interchange Fees Calculated?

Stax

Behind every seamless payment card transaction is a complex network of banks, credit card companies, and payment systems working together to transfer money from the customer to the merchant. Certain transactions, like card-not-present transactions , are riskier, so interchange fees will be higher in such cases. per transaction.

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The Credit Card Chargeback Process Explained: What Merchants Need to Know

Stax

However, chargebacks have emerged in recent years as the first course of action for consumers who want a refund as quickly as possible and as a tool for fraudsters looking to take advantage of CNP (Card Not Present) transactions. This has been aided by the rise of online banking, which has made the chargeback process as easy as a few clicks.

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

Stax

To ensure the interchange fees you pay are reasonable and competitive, it’s essential to regularly review and negotiate your fee structure with your payment processor. Card-present transactions also incur lower rates compared to card-not-present transactions. CPS/Card Not Present, Debit Exempt: 1.65% + $0.15