Stax

MAY 20, 2024

This is important for subscription businesses due to recurring advance payments. Revenue recognition for subscription businesses follows the principles outlined in ASC 606, involving steps such as identifying contracts, allocating transaction prices, and recognizing revenue over time.

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Stax

FEBRUARY 26, 2024

And while solutions like POS systems are perfect for in-person payments, what about when you need to offer remote billing or refunds, or if you need to process a customer’s credit card over the phone? A contactless virtual terminal can also serve as a backup to your point of sale (POS) system.

Payment Methods 88

Payment Methods Payment Services Merchant Services Payment Solutions 88

Stax

JANUARY 5, 2024

Level Up Your Terminal with Stax Card Readers What is a Credit Card Terminal? Integrated payment systems These are terminals that integrate with the POS systems (point-of-sale), combining payment processing capabilities directly into the business’s existing software, acting as an all-in-one system.

Payment Methods 88

Payment Methods Payment Services Merchant Services Payment Solutions 88

Stax

APRIL 17, 2024

When it comes to payments,partnering with an ISV like Stax Connect is a great way for companies to go to market with their own payment platform. “We found what we were looking for with Stax,” says Elena Battles, Director of Customer Experience.”

Payments 68

Payments Merchant Services Payment Methods Payment Services 68

Stax

DECEMBER 20, 2023

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. This way, you can accept AmEx customers (who historically have higher ticket prices) without breaking the bank. How Do Credit Card Interchange Fees Work?

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Payment Services Merchant Services Payment Methods Payment Solutions 167

Stax

MARCH 11, 2024

Thankfully, your small business can find alternatives to renting or buying equipment at full price. Lease-to-own agreements differ in price, depending on the type of terminal you purchase (wireless are more expensive than older models), the length, and if your business requires a separate receipt printer.

Merchant Services 88

Merchant Services Payment Services Payment Solutions Payment Methods 88

Stax

MAY 30, 2024

Field service management software is a system that helps a company monitor and coordinate their employees’ activities off the company’s premises. Due to the differences in applications, understanding your target market is the first step to growing your FSM business. Stax Connect ticks all of these boxes.

Payment Solutions 88

Payment Solutions Payment Services Merchant Services SaaS Payments 88

Stax

JANUARY 28, 2024

The customer subscription model grew in popularity partly due to the convenience that it offers to customers. TL;DR Originally popularized by print media, the subscription model is now widely adopted in the digital age (especially in SaaS and eCommerce), due to its convenience and the stable revenue stream.

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Payment Features Payment Methods Payment Solutions SaaS Payments 88

Stax

DECEMBER 20, 2023

Look for transparency in pricing, no hidden fees, and options that suit your specific business needs. Make it a point to choose the right pricing models. Prefer interchange-plus pricing over tiered models for transparency and control over costs; avoid leasing terminals by purchasing affordable ones outright.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

APRIL 18, 2024

Payment Gateway: A service provider that facilitates communication between the merchant’s POS system and the acquiring bank’s payment processing system. The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

MARCH 12, 2024

Customer payment behaviors How quickly or slowly your customers make payments has a direct impact on DSO, as timely payments by the due date keep DSO low. When interest rates are high, companies may have a less liquidity due to paying bigger loans or having difficulty securing lending, which has a knock-on effect on vendors.

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Stax

NOVEMBER 13, 2023

It’s secure NFC transactions are secure due to the short distance over which they occur. Beyond retailers and accepting payments, NFC is used for public transport, access control systems, smart advertising, data exchange between devices, and interactive gaming. The customer taps the card, and the transaction is complete.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Solutions 88

Stax

MARCH 14, 2024

Whether signature or PIN authorized, EMV chip cards are the new global standard for debit and credit cards due to the increased security of EMV technology over the classic magstripe. The chip does not affect the price of processing payments. NFC technology is commonly used in contactless payment systems, mobile payment apps (e.g.,

Payment Methods 88

Payment Methods Merchant Services Payment Services Payment Solutions 88

Stax

MAY 7, 2024

For example, the interchange fees for online transactions may be higher due to the higher risk of credit card fraud. Terminal or equipment fees – Small businesses often lease or purchase payment processing equipment, such as point-of-sale (POS) systems or credit card terminals. Each of the tiers has its own pricing rate.

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Merchant Services Payment Services Payment Methods Accept Credit Card Payments 88

Stax

MARCH 14, 2024

Choosing a B2B payment system crucial to addressing common challenges that B2B payment systems face as well as improving client experience. In the United States, at least, there is generally no negotiation involved so the price of a given item or service is predictable. Learn More What are B2B Payments?

Payment Services 88

Payment Services Merchant Services Payment Methods Payments 88

Stax

APRIL 18, 2024

Choosing and setting up your mobile payment processing system should be research-intensive, but is a straightforward process, meaning once you know what you want, you can get set up fairly easily and quickly. Bluetooth, headphone jack), compatibility with your operating system, and security features.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

MARCH 6, 2024

Create Pricing Plans: Subscription offerings need to be defined according to the business model and services. Plans include pricing, billing cycles (e.g., Tiered pricing: Different pricing tiers are set at fixed intervals but offer varying service or product access levels. monthly, quarterly), and any terms or conditions.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Features 88

Stax

JUNE 6, 2024

It’s best to choose an AR software that integrates seamlessly with your accounting software enabling a smooth flow of data between systems. Integration capabilities An AR software that integrates seamlessly with your accounting software enables a smooth flow of data between systems. If so, will you have to move to a higher-priced plan?

Payment Solutions 88

Payment Solutions Payment Services Payment Methods Payments 88

Stax

FEBRUARY 28, 2024

Your payment terminal can be fully or semi-integrated with your POS system. It’s possible to have a non-integrated system, but this is becoming increasingly less common. As such, there is a 2-way sync between the devices The POS system offers One-way communication to the physical terminal. Card-present rate. Card-present rate.

Payments 88

Payments Payment Methods Merchant Services Payment Services 88

Stax

FEBRUARY 5, 2024

TL;DR Surcharges are additional fees consumers pay on top of the base price of goods or services. Various calculation methods, such as percentage-based, flat fees, tiered pricing, and time-based surcharges, help optimize pricing. Surcharges are additional fees consumers pay on top of the base price of goods or services.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

JANUARY 24, 2024

Do I need to transition to a new system altogether? Not only that, but Intuit has made it clear that the future of the QuickBooks system lies with their online version. Does this mean that every company currently using QuickBooks Desktop will need to transition to a new system? Not necessarily.

Payment Solutions 88

Payment Solutions Payment Features Payment Services Payment Methods 88

Stax

JANUARY 3, 2024

Once a relatively niche offering, the COVID-19 pandemic saw retailers accelerate the rollout of self-checkout systems, their contactless nature making them a lot more appealing than traditional checkouts for many consumers. TL;DR Self-checkout systems are automated checkout solutions that allow customers to process purchases independently.

Payment Solutions 88

Payment Solutions Payment Methods Payment Services Payments 88

Stax

NOVEMBER 8, 2023

Buying and setting up hardware (POS systems, card readers, or payment terminals) and identifying the right merchant services provider that offers the cheapest credit card processing fees can be quite daunting. While some of these are unavoidable, businesses need to research various fees and pricing models (e.g.,

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

NOVEMBER 6, 2023

Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn all about mobile payments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ productivity. From there, everything runs as it would from the stationary system.

Merchant Services 88

Merchant Services Payment Methods Mobile Payments Payment Services 88

Stax

DECEMBER 27, 2023

Understanding Fees and Charges Associated with Merchant Accounts Assessing the pricing structure used by merchant account providers is important to understand the cost of accepting electronic transactions. The type of business you operate may dictate what pricing model is best for your business’s needs. Early termination fees.

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Merchant Services Payment Methods Payment Services Payment Solutions 88

Stax

DECEMBER 20, 2023

Other factors you should take into account are integration with existing systems, security and fraud protection, customer support, and ease of use. Fees and Pricing Structure You’ve most likely agonized over your credit card processing rates and wondered whether or not you have the best ones possible.

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Payment Services Merchant Services Payment Methods Stax 88

Stax

APRIL 30, 2024

Depending on the business type, merchant processing solutions are of two types: Point-of-sale (POS) systems POS systems are a popular payment collection system, with more than 93,300 companies using them in the US alone. These systems enable a smartphone or tablet to function as a card terminal.

Merchant Services 88

Merchant Services Payment Services Payment Solutions Payment Methods 88

Stax

MAY 21, 2024

We’re seeing a similar trend in the legal industry, where law firms rely on case management systems to run their businesses. With management systems’ continual growth and improvement, it’s no wonder software sales are at an all-time high. If you’re selling law practice management systems to law firms, you’re definitely not alone.

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Payment Solutions Payment Services Payments Software Review 88

Stax

JANUARY 17, 2024

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processing costs, and enhanced security.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

FEBRUARY 19, 2024

This commonly takes the form of add-on services or multiple pricing plans that offer flexible features, like additional user seats or more storage space. Because horizontal SaaS products are based around more generic functions, they tend to offer less customization or charge higher prices for customizable features.

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SaaS Payments Payment Services Payments Payment Solutions 88

Stax

NOVEMBER 15, 2023

Be proactive in discussing your processing rates and ask for competitive pricing, especially if you have a high transaction volume. Optimize transactions for lower rates Review your card acceptance policies. Do be aware there may be local regulations in your area to prevent that, though.)

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

JANUARY 10, 2024

Rewards cards cost merchants more to process due to the complexity of the program and administering the perks on offer. Choose the right pricing model A lack of transparency over how processing costs are calculated can cause merchants to spend more than is necessary on processing credit card transactions.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Facilitation 88

Stax

JANUARY 15, 2024

Implementing surcharging involves analyzing pricing strategy impact, communicating policies effectively to customers, and reviewing technical considerations, including cybersecurity measures. Surcharging helps increase your net profit by keeping your goods and/or services competitive in pricing. How price-sensitive are they?

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

FastSpring

DECEMBER 7, 2022

In this guide, we present eight alternatives to Chargebee that help relieve some of these burdens for users, starting with an in-depth review of our solution, FastSpring. We’ll also cover how FastSpring provides all features for one flat-rate price designed to fit your budget. Chargebee alternatives in this list: FastSpring.

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Payment Methods Merchant Services Payment Services Payments 145

Stax

MARCH 14, 2024

You should start by ensuring your pricing strategy is up to snuff. Optimize Your Pricing Strategy Pricing strategy refers to the approach that businesses use to set the prices of their products or services. If you set your prices too low, you might not make enough profit to cover its costs. Learn More 1.

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Payment Methods Payment Services Payment Solutions Payments 68

Stax

MAY 16, 2024

More than 96% of hospitals use some form of EHR system to maintain records, which is good because it shows clear demand for the software. Integrating the EHR software with payment processing tools like Stax Connect also helps create an all-in-one platform that simplifies workflow management at hospitals and other medical practices.

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Payment Solutions Payments Payment Methods Software Review 88

Stax

JANUARY 23, 2024

Examining reviews of Xero vs QuickBooks Online can often lead to more confusion. Xero Features, Pricing, Pros, and Cons Xero is a business out of New Zealand that established itself in the accounting software space with the goal to make accounting tasks more user-friendly and even enjoyable. Generally good, average rating 4 stars.

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Payment Methods Payment Solutions Payment Features Software Review 88