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Software tailored to your industry? TL;DR Vertical software solutions are those that are hyperfocused on addressing the pain points or specific needs of small and medium businesses (SMBs) in certain industries or niches. Vertical SaaS is industry-specific software designed to meet the unique needs of a particular niche or market.
Navigating the world of payments can be complicated, especially when you’re running a software business with many moving parts. Payments adoption refers to the process of integrating and utilizing various forms of electronic payments within a business framework. What is Payments Adoption and how does it relate to your SaaS business?
If youre a software provider looking to boost revenue, streamline operations, and deliver more value to your users, ISV integrated payments can be a game-changer. The Basics of Integrated Payments At the core, integrated payments connect your software to a payment processor through APIs. The best part? Learn more.
Tokenization – Tokenization replaces customer data with a unique identifier, referred to as a token. Ensure it integrates with accounting software like Xero, QuickBooks, and FreshBooks for streamlined financial tracking and tax reporting. This token is used in place of the actual payment data. Contact us
For companies looking to scale, Independent Software Vendors (ISV) are a crucial tool that provides specialized software solutions that integrate seamlessly with existing business tools. As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses.
All of these steps are made easy by a surcharge-compliant credit card processor like CardX by Stax. The “free” in free processing refers to the merchant not directly covering the transaction fees. The benefits of surcharging include cost recovery, competitive pricing, financial flexibility, and payment method diversification.
Mobile payment systems refer to the technologies and infrastructure that enable businesses to accept payments via mobile devices—whether in-store, online, or in-app. These systems include the hardware, software, and payment networks needed to process secure transactions from smartphones and tablets. What about mobile payment systems?
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% With Stax, your payment processing statement is simple.
Thats why weve compiled this guide to help you understand how POS systems work, the key features to look for, and how to choose and implement the right software for your retail store. TL;DR A point-of-sale (POS) system is a combination of software and hardware used by businesses to facilitate in-store sales.
The main distinction comes down to terminology used by the card networks: Visa refers to its registered third-party merchant service providers as Independent Sales Organizations (ISOs). Hardware and software Ensure that the ISO offers solutions that play nicely with the tools and platforms you’re using in your business.
Credit card processing refers to the series of steps involved in facilitating transactions made using credit cards. The customer Put simply, this refers to the cardholder who uses their debit or credit card to pay for the products or services. Stax is one example of a provider that implements subscription pricing.
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 Pros and Cons Pro: Riverside is a specialist in the restaurant and bar industries with software solutions exclusively for the niche needs of this space.
TL;DR Unearned Revenue refers to funds received for goods or services that haven’t been fully delivered. Effective management of unearned revenue involves cash flow forecasting, using the right accounting software, and mitigating the risks associated with subscription churn. Learn More What is Unearned Revenue?
Data cited by Statista shows that the software as service is expected to hit $299 billion by the end of 2025. Once this happens, they’re less likely to go with a competitor, and more likely to refer your SaaS application to their network. Optimize your software onboarding process User experience is everything.
Field service management software is a system that helps a company monitor and coordinate their employees’ activities off the company’s premises. The software allows managers to view and modify work schedules, orders, inventory, invoices, customer account records, and other records in the database.
Software companies are always on the lookout for new ways to build a better product offerings for their customers. This is especially true now more than ever before as Software-as-a-Service (SaaS) solutions continue to be amongst the fastest-growing segment within the tech world. But how exactly should a SaaS company monetize payments?
Software-as-a-service (SaaS) businesses need to constantly evolve their offerings to stay fresh and relevant. How do you add payment processing capabilities to your software? 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.
Level Up Your Terminal with Stax Card Readers What is a Credit Card Terminal? Virtual terminals Virtual terminals are software-based interfaces that allow merchants to process payments via a computer or tablet. RELATED: Will a Stax Wireless Card Reader Improve Your Business?
In this guide we will discuss the following: What is Payment Tokenization How Payment Tokenization Works Payment Tokenization vs. Encryption SaaS Payment Tokenization Requirements Benefits of Payment Tokenization SaaS Payment Vulnerabilities Using Stax Connect and Payment Tokenization Lets get started. What Is Payment Tokenization?
Offering payment processing services is a move that makes sense for a lot of SaaS companies, particularly if your software helps your customers run their business. For example, if you have a project management app, then you can add payment features that allow people to use your software to take payments from their clients.
They consist of the hardware and software components required to process an in-person payment. Many POS systems are also equipped with software that helps with other business processes like inventory and staff management, in addition to payment processing. Easy switch between POS and mobile payments using the Stax app.
Essentially, it’s a piece of software that creates a secure tunnel for customers to connect with and transfer funds to merchants in online transactions. It’s also the software in your POS system or card readers that processes the customer’s payment data in a brick-and-mortar setting. What Is a Payment Gateway Account?
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.
Software as a Service (SaaS) has made business software more accessible by offering cloud-based, on-demand access to a range of solutions, from project management and collaboration to sales and marketing. Horizontal SaaS refers to general-purpose software solutions that are applicable across industries and attract a diverse user base.
There are many options available that plug into existing smartphones and tablets , such as the Swipe Simple B250 Reader available from Stax , to solve this problem effectively. Choose a processor with POS hardware and software relevant to your business and the ability to scale if and when your business grows.
As businesses increasingly go online, software vendors looking to offer integrated payment processing must consider incorporating payment tokenization as one of their data security features. The good news is that with a solution like Stax Connect, this need not be difficult or complicated.
Integration with your accounting software, CRM, or inventory system saves you time and effort when analyzing financial performance. Point-of-sale (POS) systems are the all-in-one systems you see at retail stores, handling in-person transactions and often integrating with inventory management software. Ready to get started?
The commerce landscape—whether it’s retail, services or software—is moving faster than ever. TL;DR Recurring payments refer to a financial arrangement where a customer authorizes a business to charge their account at regular intervals for products or services. Industry data shows that subscription-based businesses are growing 3.7x
This business model has now been adapted very well in the internet age, especially in the SaaS (Software-as-a-Service) and eCommerce industries. Recurring billing usually refers to only the recurring payment part of a subscription-based model. However, there is a slight difference between the two.
Mobile credit card processing refers to the capability of accepting credit card payments using a mobile device equipped with a card reader and specialized software. Choose the Right Hardware and Software Mobile payment processing is entirely dependent on hardware and software, so selecting the right tech stack is crucial for success.
Stax delivers an all-in-one payments platform that is secure, stable and customizable—and did we mention affordable? Make sure account numbers and other sensitive information are treated carefully and stored in the appropriate and secured software, ideally encrypted. At Stax, we help businesses keep up with all things payment security.
If you’re working with a payment processing provider like Stax , they can take care of much of the following. If you have to swap, consider a provider like Stax that helps you with the setup and offers flexible solutions. Here at Stax, we can reprogram existing terminals and also have pre-programmed options.
Payment Application Data Security Standard (PA-DSS): PA-DSS applies to software vendors and developers of payment applications. Related Content: PCI DSS Compliance: How Stax Protects Your Payments Final Words At Stax, we’re committed to securing sensitive cardholder data.
Business to business payments, therefore, refer to the payment processes and activities between two businesses. Many CRMs or accounting software like Salesforce and Netsuite can integrate with payment gateways. There are two particularly important integrations B2B companies need: Integration with your accounting software.
A merchant account refers to a business bank account that allows businesses to accept electronic payments for goods and services. They integrate seamlessly with a variety of POS software and hardware components including card readers, cash registers, and barcode scanners. Request Quote What Is a Merchant Account?
There’s been a lot of discussion in recent months about the apparent phase-out of QuickBooks Desktop software. Will I still be able to use my existing QuickBooks Desktop software? QuickBooks Desktop is something of a linchpin in the accounting software world, with the first version of the program launching in 1998.
TL;DR Dynamic pricing refers to prices that fluctuate based on factors like demand, supply, customer behavior, and seasonality. Dynamic pricing systems refer to pricing models where the price of goods and services fluctuate based on a range of factors. This is where Stax comes in. Request Quote What is Dynamic Pricing?
To make that easier for you, some of the most popular brands currently in use are: Clover (by First Data): Clover is a popular brand known for its sleek and user-friendly payment terminals, which integrate with a range of business management tools and software. Square Terminals, while popular, do only work with Square systems.
Every POS software provider will boast diverse offerings. Systems that your POS system can integrate with include: Accounting software – Many POS systems today come with basic bookkeeping features. Cost and Budget Considerations Your budget and the cost of the POS software is one of the biggest factors to consider.
Setting up recurring payments Select a Recurring Billing Software Platform: The solution you choose must support recurring payments and integrate seamlessly with your existing operations. This may come with the billing software platform , or a gateway provider may need to be sought separately.
Follow these tips to stick to federal regulations: Refer to federal regulations when drafting internal policies and procedures. Implement robust cybersecurity measures, including antivirus software, to safeguard against potential threats. Explore CardX by Stax for a smart surcharging solution today. You’re all set!
Basics of Credit Card Fees Credit card fees refer to a range of charges that are imposed by credit card issuers on cardholders and merchants for completing credit card payments, either online or in person. This is where CardX by Stax comes in. This can result in an overall reduction in the average cost of processing payments.
Optimize Your Pricing Strategy Pricing strategy refers to the approach that businesses use to set the prices of their products or services. Most important to improving inventory efficiency is using inventory management software. Finally, you can look into improving your products and services. Learn More 1.
Online terminals (sometimes referred to as virtual terminals) power various types of transactions, including eCommerce and payments made over the phone. Integration with eCommerce Platforms: Online terminals are designed to integrate seamlessly with eCommerce platforms and shopping cart software.
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