article thumbnail

What is Dynamic Pricing? Everything You Need to Know About Implementing Dynamic Pricing in 2024

Stax

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.

article thumbnail

Tap to Pay: What It Is and How It Works

Stax

In Seoul, South Korea, the Seoul Bus Transport Association introduced the UPass, a contactless payment card that commuters could tap on as they entered the bus. Beyond retailers and accepting payments, NFC is used for public transport, access control systems, smart advertising, data exchange between devices, and interactive gaming.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

Stax

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.

article thumbnail

Mobile Credit Card Processing Explained: What Business Owners Need to Know

Stax

Tour Guides and Travel Services Mobile credit card processing is indispensable for tour guides, transportation providers, and excursion operators. Choose a provider that offers transparent pricing and meets your business’s needs. To learn more about Stax’ mobile payment solutions, request a custom quote today.