Stax

JANUARY 5, 2024

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?

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Stax

FEBRUARY 26, 2024

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?

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Stax

APRIL 18, 2024

Typically, the merchant’s payment processing software will build the credit card processing rates into their fee. If approved, the issuing bank sends an authorization code back through the same channels. Step 3: Settlement With the authorization code in hand, the merchant proceeds with the transaction. to 2.54% + $0.10

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Stax

JANUARY 8, 2024

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. However, several complex types of risks come along with this. This requires sound underwriting policies and procedures.

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Merchant Services Payfac Payment Services SaaS Payments 88

Stax

MARCH 4, 2024

The significance of EMV cards EMV cards use a microchip that generates a code for each transaction, which is transmitted instead of the card number as the transaction processes. Many businesses and respected institutions have immediately been taken down for days, weeks or longer due to cyber attacks designed to exploit their vulnerabilities.

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Stax

MARCH 14, 2024

These longer payment cycles have historically lent themself to slow payment processes, like checks, that are no longer common for B2C transactions Due to the complexity of most B2B transactions, there’s often more documentation required for the payment, such as contracts. What are the Most Common B2B Payment Methods?

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Stax

NOVEMBER 13, 2023

A unique, one-time code is generated for that specific transaction if approved. In addition, many NFC transactions often use dynamic data, meaning that a new, unique code is generated for each transaction. It’s secure NFC transactions are secure due to the short distance over which they occur.

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Stax

NOVEMBER 6, 2023

Due to its simple yet effective way of making mobile payments , this method is one that is rapidly growing. 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. That’s where you can turn to mobile payment systems.

Payment Methods 88

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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. This is due to the fact that PIN debit processing costs are often lower than credit card processing costs.

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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. To access full Discover interchange rates , you need to use a verification code provided by your acquirer. Stax’ subscription pricing starts at just $99 per month.

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Stax

MARCH 15, 2024

Payment Application Data Security Standard (PA-DSS): PA-DSS applies to software vendors and developers of payment applications. T he data points most merchants can cut down to are: Payment information such as credit card numbers, expiration dates, and security codes (CVV/CVC) for processing the payment.

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Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

FEBRUARY 28, 2024

If you’re working with a payment processing provider like Stax , they can take care of much of the following. Even if they offer a surcharging service, a review is wise to ensure you’re getting the best solution. If you have to swap, consider a provider like Stax that helps you with the setup and offers flexible solutions.

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Stax

APRIL 18, 2024

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.

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Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

FEBRUARY 26, 2024

The commerce landscape—whether it’s retail, services or software—is moving faster than ever. Businesses need strategies in place to retain customers and prevent revenue loss due to subscription cancellations. For example, Stax has several useful API integrations to leading CRM tools, such as Hubspot, Xero, Wave and more.

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Stax

JANUARY 28, 2024

This business model has now been adapted very well in the internet age, especially in the SaaS (Software-as-a-Service) and eCommerce industries. The customer subscription model grew in popularity partly due to the convenience that it offers to customers. Recurring billing is a perfect fit for subscription businesses.

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Stax

MARCH 11, 2024

And don’t forget to read the reviews and the fine print before you buy. Stax Payments’ membership-based pricing saves merchants hundreds of dollars per month. A good way to save on credit card payment processing is through a membership-based pricing model like Stax Payments. Never buy a machine labeled “as-is.”

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Stax

NOVEMBER 20, 2023

It could be a physical suggestion box or a digital kiosk where they can leave reviews in exchange for incentives. Review your revenue for the day and compare it to previous Small Business Saturdays to gauge your success. Reduce late/failed payments by up to 700% and save 80% of billing time with the help of service providers like Stax.

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Stax

DECEMBER 20, 2023

Here are Stax’ Top Credit Card Processing Tips. Part of this includes performing regular maintenance on your hardware- and software, and ensuring that your settings are configured for reduced friction. Furthermore, your staff is likely the weakest point in your security due to the factor of human error – among other things.

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Stax

FEBRUARY 28, 2024

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.

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Stax

JANUARY 31, 2024

For example, rewards cards often have higher interchange rates due to additional benefits. It’s organized by merchant category code (MCC). For example, Stax operates on a flat-rate subscription model that provides you totally transparent access to the exact interchange fees—with no high markups. in-person, online).

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Stax

MARCH 6, 2024

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.

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Stax

JANUARY 24, 2024

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.

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Stax

JANUARY 24, 2024

This differs from a fixed price approach, where prices are reviewed and adjusted in regular installments. Their dynamic pricing software, named Smart Pricing, automatically adjusts prices according to factors like location, demand, and time left to book. This is where Stax comes in.

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Stax

JANUARY 3, 2024

Request Quote Understanding Self-Checkout Systems Self-checkout systems are automated hardware and software solutions that enable customers to process their purchases at retail stores, rather than needing the assistance of a cashier. Get in touch with Stax to discuss your needs.

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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. When the code is scanned by a merchant, the payment is completed.

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Merchant Services Payment Methods Mobile Payments Payment Services 88

Stax

NOVEMBER 8, 2023

A business can see the assessment fee as a separate line item on their statement (usually called “Dues” or “Assessments”). CardX, which was acquired by Stax in 2021, has an automated surcharging platform. The in-office terminal is a virtual terminal so there is no need for additional equipment or software.

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Stax

APRIL 30, 2024

If the details are verified and there are enough funds in the customer’s account, the issuing bank will send an authorization code to the card company through the payment processor. This authorization code is forwarded to the card company and then to the acquiring bank. Easy switch between POS and mobile payments using the Stax app.

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Stax

DECEMBER 27, 2023

Once funds are verified, the card issuing bank will issue an approval code for the acquiring bank to transfer funds to the business’s merchant account. This is especially common for high-risk accounts, as more vetting and due diligence are typically required. Early termination fees.

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Stax

JANUARY 17, 2024

TL;DR A payment facilitator (PayFac) is essentially a SaaS vendor or software provider that enables its users (businesses) to accept online payments from their customers through the platform itself. That’s why having a billing solution that avoids customer churn especially due to the above reasons is a must. Let’s get started.

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Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

MARCH 21, 2024

Research shows that the global software-as-a-service (SaaS) industry was valued at $248.76 It’s an alternative to traditional software distribution and on-premise software installation—companies don’t need to build and maintain servers or data centers. So users don’t need to worry about updating the software.

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Stax

FEBRUARY 19, 2024

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.

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Stax

NOVEMBER 15, 2023

Optimize transactions for lower rates Review your card acceptance policies. Regularly review and compare processing statements Periodically review your payment processing agreements to make sure you are getting competitive rates and that there are no hidden fees. There are plenty of benefits to the surcharging model.

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Payment Services Merchant Services Payment Methods Payment Solutions 88

FastSpring

DECEMBER 7, 2022

While Chargebee lets you automate many mundane accounting tasks and integrate with account software, you still have to track and record every transaction, refund, etc. 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.

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Payment Methods Merchant Services Payment Services Payments 133

Stax

JANUARY 10, 2024

Rewards cards cost merchants more to process due to the complexity of the program and administering the perks on offer. The merchant category code (MCC) assigned by the credit card issuer will identify As a result, they may be charged higher processing fees to cover higher compliance costs and underwriting.

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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. Have your legal experts review any changes affecting specific operations in each state to avoid non-compliance. Security audits. You’re all set!

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Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

JANUARY 1, 2024

The following should be considered: Online banking capabilities: User interface, account management features, and integration with business software can streamline financial management and save time. Specialized features tailored to specific business needs, such as integration with accounting software , can also be a deciding factor.

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Stax

MARCH 14, 2024

While not all businesses can surcharge due to legal restrictions or customer preferences, for some, it can be an effective way to offset processing costs and keep more money in their pockets. Most important to improving inventory efficiency is using inventory management software.

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