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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. With clearer value props, tailored pricing, and purpose-built features, your sales and marketing spend goes further. What is Vertical SaaS?
Fee structures matter; understand the differences between interchange plus, flat rate, tiered, and subscription pricing to find the most transparent and cost-effective option. Types of payment processing fee structures Interchange plus Interchange plus pricing is one of the most transparent and cost-effective fee structures.
Upselling is when you offer customers a higher-priced product or service, while cross-selling is for an additional product or service. The Stax Solution Implementing MRR-based insights doesn’t have to be difficult; in fact, we’ve streamlined the process.At Request a demo now. Contact us
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. But how you earn depends on the providers pricing model and revenue-sharing structure. Can you set custom pricing for your merchants? Learn more. EMV, NFC, etc).
For many small business owners, credit card processing fees may seem like a hefty price to pay for providing convenience to customers. Merchants can, however, negotiate with their payment processor to cut costs, tweak pricing, or secure better rates. flat rate pricing, interchange-plus pricing, tiered pricing, etc.)
Payment processors usually tack on additional fees on top of interchange to compensate for their services (based on their pricing model ). To improve the payment experience for consumers, card networks must innovate and incorporate the latest technologies. Swipe fees fund these initiatives and cover the maintenance costs.
Scalable technology: the provider must be able to support high-volume transactions so you wont need to go through the pains and costs of migrating to another provider as your business expands in the future. You should also monitor transaction data to evaluate the success of your investment in a new payment system. Request a Quote
To choose the right payment processing solution for your business, you need to evaluate your business needs, evaluate security and compliance standards, and evaluate different payment processors based on pricing, features, customer support, and scalability. This is where Stax comes in. They also require physical presence for payment.
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. .
A payment gateway is a technology that authorizes and processes payments between buyers and sellers by securely transmitting payment data. Some factors to consider when selecting a payment processor and payment gateway include: favorable pricing, integrations with your existing solutions, supported payment methods, and more.
As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses. An API allows a developer to integrate one technologys functions and features into their own tech stack, creating custom solutions for your operating systems specific needs. What is an API?
Expertise Required: Companies need in-house knowledge of payments technology, compliance, and troubleshooting. Additional service fees Many outsourcing providers offer tiered pricing structures that may not always be transparent. One of the key benefits of outsourcing payment support is cost savings.
Think Bluetooth technology but without manual device discovery and pairing. NFC technology can process payments through: Peer-to-peer mode. Read/write technology. This technology turns any NFC-enabled smartphone, smartwatch, or wearable into a contactless credit or debit card. NFC is a subset of RFID technology.
Learn More Understanding Credit Card Processing Fees and Pricing Before diving into surcharging, it’s crucial to grasp the concept of credit card processing fees. Processing fees can be based on various models, such as flat-rate pricing per transaction, a percentage of the transaction amount, tiered pricing, or a combination.
They typically assist with technology needs and customer service as well, acting as an intermediary to the card associations and banks. per transaction +15-30¢ per transaction Card-Not-Present Processing Pricing $99/month + 15¢ per transaction + interchange. With Stax, your payment processing statement is simple.
In a recent interview with Austin Prey from PYMNTS , Adam Gray , Chief Transformation Officer at Stax, shared his perspective on the challenges and opportunities facing independent software vendors (ISVs) as they integrate payment solutions to meet the diverse needs of their merchant customers. Contact sales
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. Ray Lau , VP of Marketing at Stax remarked, “Compliance in this space is so complicated.
Understand the difficulties you may face with a processor’s pricing or support. Compare Pricing Structures Payment processors offer various pricing models, such as flat-rate, interchange-plus, or tiered pricing. Read the complete guide on these pricing models here.) Are you operating internationally?
TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. For enhanced security, it uses EMV (Europay, Mastercard, and Visa) chip technology and contactless payments, like Apple Pay and Google Pay.
When choosing an ISO, look beyond pricing—evaluate their technology stack, customer support, contract terms, industry expertise, and reputation. This allows them to offer true value in places like technologies, rates, and customer support, where banks are unable to. Stax does not currently take on other ISOs as partners.
But searching for a POS system for your retail business can feel like unraveling a complex web of features, pricing structures, and other considerations. Theyre comprehensive business management solutions that enhance efficiency, improve customer experience, and help businesses harness the power of technology for success.
In tap-to-pay transactions, EMV combines with another technology called NFC (near-field communications) that makes it possible for the card terminal to read credit card information from contactless cards. It also helps to understand the pricing structure of different payment processors. Interchange-plus pricing.
Cryptocurrencies Cryptocurrencies like Bitcoin, Ethereum, and Tether use decentralized blockchain technology and cryptography to ensure fast and secure transactions. For example, Stax Pay is a powerful all-in-one platform that bundles a merchant account, payment gateway, and affordable payment processing in one package.
Stax, Payment Depot, and CardX are three of the very best providers in the industry. These processes are facilitated by a network of financial institutions and technologies that work together to ensure the seamless and secure transfer of data and funds. The idea is to identify the best pricing model for your business.
Meanwhile, a payment gateway is the technology that authorizes and processes payments between a buyer and seller by securely transmitting payment data. Meanwhile, a payment gateway is the technology that authorizes and processes payments between a buyer and seller by securely transmitting payment data. How do they work together?
billion lost to fraud in 2024 alone Mobile and contactless payments Mobile and contactless payments are powered by NFC (Near-field communication) technology. Digital currencies continue to experience extreme price volatility. Stax can help you do just that by enabling you to support the right payment methods. Talk to sales
Now a global payment technology platform, Mastercard brands prepaid, debit, and credit cards in addition to offering a range of business and finance services globally. Instead, both companies license card issuing rights and provide the technology for banks to process credit card payments made between customers and merchants.
To the incredible Stax community: allow us to take a moment to recognize a milestone that we are extraordinarily proud of—our 10th anniversary. Sprinkled throughout this article are quotes from some of Stax’s long-standing employees, because who better to tell the company’s story than the people who help make it happen?
There are many processors out there that claim to save you money, and in this post we’ll take a look at two of them: Riverside Payments and Stax. Riverside Pricing Riverside doesn’t share their pricing publically, and there looks to be a lot of inconsistency when reviewing their complaints registered through the Better Business Bureau.
In this article, we’ll explore the significance of billing platforms in contemporary business, delve into the features that set Stax Bill apart, and guide you through the process of selecting the right billing solution for your unique needs. said Suneera Madhani, founder and CEO of Stax. “The
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. Are you offering demos, trials, or dynamic pricing strategies for premium functionalities? Some questions to ask yourself include: How comprehensive is your product support?
Through OptBlue, your payment technology provider will determine how much you pay for AmEx and bundle it in with the ability to accept more popular card types. This way, you can accept AmEx customers (who historically have higher ticket prices) without breaking the bank. That’s why we introduced simple subscription-based pricing.
The phrase “dynamic pricing” often sparks heated debates in eCommerce and retail, and it’s not hard to see why. If you’ve ever booked a hotel, ordered an Uber, or shopped on Amazon, you’ve experienced the effects of dynamic pricing in real-time. Prices may shift down or up at a moment’s notice.
We caught up with payment experts from Forrester and Stax to help you navigate these evolving times and achieve success with embedded payments. The right payment partner can offer the latest payment technology, support infrastructure, reliability, and revenue growth. What are embedded payments? There are a number of ways to do so.
By leveraging cutting-edge technology and a deep understanding of the payments landscape, they ensure that clients can navigate the complexities of global payments with ease. Contact Understanding Worldpays Merchant Services and Pricing Like many payment processors, Worldpay does not publicly disclose its fees.
You also should evaluate your pricing strategies, some of which include value-based pricing and cost-plus pricing. This involves bundling recurring billing into your pricing tiers then charging accordingly. Cost-plus pricing: This approach simply adds a percentage in markup on top of your production expenses.
An ISV partner is a software vendor that formally collaborates with a larger technology provider. Technology alliances – Collaborating on big ideas and driving big impact. This could mean building an app that runs on Azure, integrating payments through Stax Connect , or creating an add-on for Oracles software suite.
It’s important to evaluate the pricing models (tiered, flat-rate, and interchange-plus) and go for a provider without hidden fees. Evaluating Costs and Pricing Models In the world of payment processing, there are a few main pricing models used. Here’s a quick breakdown on the pros and cons of each method.
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. Stax can save you from that headache with less room for error.
An ISV partner is a software vendor that partners with an ISV and provides additional services or technology. It expands the core functionality of a software solution through access to complementary technologies and resources, fueling product enhancements and differentiation.
In this guide, we’re going to cover what companies need to consider when choosing a SaaS billing platform—and how Stax Connect makes this process simple. With proper integration, they can minimize billing errors, enable adaptive pricing strategies, and provide real-time insights to enhance overall efficiency. Real-time insights.
Level Up Your Terminal with Stax Card Readers What is a Credit Card Terminal? RELATED: Will a Stax Wireless Card Reader Improve Your Business? Dejavoo Z8 – The Z8 is similar to the Z11 in that it also supports EMV and NFC technology. They can also take contactless payments from mobile wallets.
Because the transaction takes place through a payment gateway that utilizes data encryption or tokenization to secure sensitive information during transmission, accepting payments using a virtual terminal from Stax (which is PCI compliant) is secure. What Are the Benefits of Using Stax Contactless Solutions?
When looking for a payment gateway, make sure it easily integrates with your payment processor, offers transparent pricing, allows you to white-label the payment experience, and has great customer reviews. Popular payment gateways include Authorize.net, Stax, Stripe, Adyen, and Square. What Exactly Is a Payment Gateway?
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