Stax

FEBRUARY 21, 2024

Enter the SaaS Magic Number, which measures the return on sales and marketing spend in generating new subscription revenue. TL;DR The SaaS Magic Number is a metric, somewhat similar to ROI, but designed to assess the efficiency and effectiveness of a company’s sales and marketing strategies. What is the SaaS Magic Number?

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Stax

MARCH 14, 2024

Generally, but not always, B2B transactions tend to occur less frequently but at far higher amounts, involving extended sales cycles, negotiations, contracts, and on-going relationships between the two businesses. There are some important trends that businesses need to be aware of. These are the most common: 1.

Payment Services 88

Payment Services Merchant Services Payment Methods Payments 88

Stax

JANUARY 28, 2024

Stax Bill is a best-in-class subscription billing platform that scales effectively alongside your operation. Subscription billing platforms like Stax Bill enable businesses to implement different levels of pricing, depending on how long a customer has been subscribed for. It emphasizes customer retention over one-time sales.

Payment Features 88

Payment Features Payment Methods Payment Solutions SaaS Payments 88

Stax

FEBRUARY 28, 2024

Beyond providing convenience at the point of sale and improving the customer experience, payment terminals also store transaction information electronically, creating a record of sales. As such, cashiers can process sales faster, and there’s no room for human error. What is a Fully-Integrated Payment Terminal?

Payments 88

Payments Payment Methods Merchant Services Payment Services 88

Stax

JANUARY 8, 2024

Monthly sales amount (volume), average transaction amount, sales-to-purchase return ratio, etc. However, the easiest way to go about becoming a PayFac while making sure effective risk management strategies are in place is to partner with an expert like Stax. Velocity checks. are some of the common metrics you need to track.

Merchant Services 88

Merchant Services Payfac Payment Services SaaS Payments 88

Stax

JANUARY 24, 2024

Data can include anything from historical sales data to competitor pricing, product availability, and more. Most businesses rely on algorithms to analyze data in real-time and identify trends in customer behavior or market demand. This is where Stax comes in.

Payment Methods 88

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Stax

FEBRUARY 5, 2024

Implement a system for regular surcharge monitoring, and be open to tweaking your pricing strategy based on customer feedback and market trends. If you find yourself short on either, consider tools like CardX by Stax, a platform that offers credit card surcharging solutions. Pro-Tip: Offer incentives for choosing off-peak times (i.e.,

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

MARCH 26, 2024

That said, these tools are more than just a means to accept payments; they represent a comprehensive solution that integrates sales, inventory management, and customer data into a unified system. These features simplify transactions, bolster security, and provide valuable insights into customer behavior and sales trends.

Payment Methods 88

Payment Methods Merchant Services Payment Services Payments 88

Stax

JANUARY 3, 2024

Whether businesses are on the road or staff are simply moving about in-store, mobile point of sale systems (mPOS systems) are becoming an increasingly popular POS option for small businesses. Imagine a restaurant using a mobile POS system to manage sales both at its permanent locations and through its food truck.

Point of Sale 88

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Stax

JANUARY 17, 2024

The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. ACH PayFacs may seem to be somewhat similar to independent sales organizations (ISO). On the other hand, ACH PayFacs process payments directly.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

FEBRUARY 15, 2024

FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. They can adopt the independent sales organization ( ISO model ) or the payment facilitator model (PayFac). Contact us today for a consultation and learn how we can help.

Payment Services 88

Payment Services Merchant Services SaaS Payments Payment Methods 88

Stax

MARCH 14, 2024

By being flexible with pricing, businesses can meet customers where they are at the moment, meaning you don’t lose out on possible sales OR additional profit margins. Increase Sales Through Up-selling and Cross-selling Training sales teams to up-sell and cross-sell effectively increases your average order value–and thus your overall profit.

Payment Methods 68

Payment Methods Payment Services Payment Solutions Payments 68

Stax

NOVEMBER 29, 2023

When regularly reviewed, P&L statements are like a consultant in a spreadsheet, identifying trends in revenue, expenses, and profitability over time. This includes sales, services, and any other sources of income, such as interest or rental income. Income tax: This includes taxes paid on the company’s earnings.

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