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SaaS operates on a subscription model, making it easier to manage cash flow and reduce upfront expenses. Stax Connect offers integrated payment solutions, so you don’t have to build infrastructure from scratch. Q: What are some benefits of using Stax Connect for implementing payment integration into my SaaS platform?
Adam Gray , Chief Transformation Officer at Stax, recently sat down with Hal Levey of PYMNTS to discuss emerging trends in payment processing and vertical integration. As the industry advances, Stax is positioned at the forefront, paving the way for a smarter, more efficient future in payment processing.
Fee structures matter; understand the differences between interchange plus, flat rate, tiered, and subscription pricing to find the most transparent and cost-effective option. Ideal for growing businesses that want to optimize processing costs, our transparent subscription pricing model can save customers up to 40%.
For subscription-based businesses achieving consistent and predictable revenue growth is the holy grail. In fact, monthly recurring revenue (MRR) is one of the most important metrics subscription businesses should be aware of. It can also be used to calculate the customer acquisition cost (CAC) and gross margin.
We recently had the privilege of sitting down with a panel of payments experts from Stax for a masterclass on this critical topic. ” This means that the money you make from payments can easily overshadow your subscription revenue. Regardless of the structure, the core need remains: your teams must be knowledgeable.
It is a subscription-based integrated payment platform that helps you process credit card payments. Learn More Stax offers the lowest cost of accepting credit cards among all merchant account providers. One thing to note is that Quicken only offers year subscription plans, while QuickBooks offers monthly plans.
How to Measure and Track Customer Churn The most commonly used churn metrics include: Customer churn rate measures the percentage of customers who cancel their subscriptions over a given period, typically calculated as (Lost Customers Total Customers at Start of Period) 100. A lower churn rate indicates higher customer retention.
Subscription upgrades Unlock premium features tied to payment tools that drive more value for users. Pro tip: Stax Connect ticks all these boxes and more. From seamless API integrations to flexible revenue-sharing models, Stax Connect empowers ISVs to launch, scale, and monetize embedded payments. Learn more.
ACH payment is more affordable and can be automated and payee-initiated, making it ideal for recurring transactions and subscription payments. For example, SaaS companies use this to efficiently and easily manage customer subscriptions. You plan to optimize your customers subscriptions.
Stax offers a transparent subscription model with 0% markup on direct-cost interchange. You pay a fixed subscription fee based on your processing volume instead of a per transaction cost which tends to add up quickly and can eat away all your profits. Contact us
A SaaS company with subscription billing would opt for a solution with enterprise-level support, custom pricing, and fraud protection. Understand the features you get for your subscription plan to avoid surprises when you need specific features. Industry-specific considerations Different industries have unique payment processing needs.
For businesses using a subscription-based sales model, Click to Pay supports recurring payments and your customers will be able to easily authorize recurring charges using their stored card information. You may also have to redesign your checkout page so the Click to Pay button can be placed in a prominent position on the page.
Systems used for this include payment gateways , subscription billing software, and eCommerce platforms with built-in payments. These systems are ideal for subscription-based and SaaS businesses with global customers. Theyre also less flexible for remote or subscription-based businesses. This is where Stax comes in.
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. Another crucial area where Stax provides expertise is go-to-market and pricing strategies. The results speak for themselves.
From handling spikes in transactions to supporting subscriptions, omnichannel sales, and new markets, your payment processor should make expansion easier. Makes business expansion easier (less growing pains) Planning to expand or add a subscription service? The right system simplifies growth. Look for red flags that signal limits.
As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses. Companies can capitalize on: Subscription-based integrations , where users pay extra for advanced functionalities. Whats the value of an API?
CardX by StaxStax provides businesses with surcharging capabilities as part of their comprehensive payment platform. With CardX by Stax, businesses can introduce surcharging in line with local laws. You pay a transparent monthly subscription and get access to direct cost pricing on every transaction.
when someone has canceled a subscription and still receives a charge) Goods or services not being received after the purchase Being charged an incorrect amount Unauthorized credit card usage (i.e. At Stax, we have payments security built into our platform to help prevent fraudulent transactions and chargebacks from taking place.
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.
In general, scenarios where you may need to set up recurring payments, include: Bill payments Memberships Subscriptions SaaS products Paying employees As a US-based employer, you can use ACH direct deposit to push money to your employees’ bank accounts at designated pay periods. Contact us to learn more.
RELATED: Non-profit Payment Processing : How Chrimata Drives Effortless Digital Donations Through Stax Connect Create Monster Solutions With a Unified Payment Processor Experience As the eCommerce market continues to expand and customers have multiple choices regarding how, where, and when to shop, providing additional payment becomes a must.
Also, you likely operate on a SaaS model, where businesses purchase a subscription-based license. Recurring billing and subscription management Since you run a subscription-based business, you need to find a payment gateway that streamlines recurring billing and subscription management.
Three-tiered pricing (or tiered pricing) is a popular strategy several payment processing companies use—not to be confused with the tiered pricing models (volume-based pricing, usage-based pricing, feature-based pricing, subscription-based pricing, etc.) You could also opt for membership-based pricing like Stax offers.
Seasonal businesses might benefit from systems with flexible subscription plans or per-transaction pricing. Subscription-based pricing – Mostly used by cloud-based systems. Instead, you pay ongoing monthly subscription fees and get access to software updates, support, and cloud storage.
Subscription pricing. And instead of adding a percent markup to each transaction, youre simply charged a flat subscription fee every month. Stax is one example of a provider that implements subscription pricing. Through Stax integrated payment solutions, we can help you run and grow your business.
You need the services of a reliable payment service provider to securely accept and process card payments and the right provider for you will be one that supports your preferred payment methods, sales model (one-time payments or subscriptions), and geographical reach (international sales).
Types of credit card processing companies There are two general types of payment processors: Direct processors (like Stax) offer businesses a dedicated merchant account, with more control and often lower costs at scale. Stax uses a subscription-style pricing model to give business owners flexibility and convenience.
Stax, Payment Depot, and CardX are three of the very best providers in the industry. Payment terminals are usually provided by your payment service provider, though there are some providers like Stax that let you use your existing hardware. Stax takes a unique approach.
It’s also perfect for businesses with a subscription-based (recurring payments) sales model. You will need invoice management software like Stax Bill to be able to add payment links with integrated payment gateways to your email invoices. For subscription-based businesses, theres no better payment method than direct debits.
Stax, for example, supports multiple modes of payment. From credit and debit cards to mobile payments (like Apple Pay), ACH, and invoicing, Staxs platform has everything you need. Stax, for example, gives you access to the direct cost of the interchange (i.e., wholesale transaction fees).
The concept of unearned revenue can easily trip up SaaS companies that offer subscription services and products on a recurring basis. Unlike when selling ordinary products, you cannot recognize the revenue earned from a subscription all at once. In the case of SaaS subscriptions, this could take several months—or even years.
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
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. ” – Nathen E StaxStax is an Orlando-based merchant services provider that is best known for membership-based pricing , eliminating markups on interchange rates.
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?
Set rate processing Subscription rate processing TL;DR Interchange fees are not collected by your payment processor or bank; they go directly to the card-issuing banks. Some others, including Stax, offer subscription-style processing that gives you access to the lowest rates of interchange.
Long before the digital age, newspaper and magazine companies have been using the subscription model to create and retain a consistent readership for their publications. The most potent benefit of the subscription-based business model is that companies are guaranteed a fixed revenue stream—if they can retain their customers or subscribers.
Churn is the percentage of customers that end their subscriptions within a certain amount of time. Stax Connect is an all-in-one payment ecosystem with integrated software solutions to help your SaaS company increase revenue, all through one API. Churn rate. Customer lifetime value. Having the right tech partners also helps.
Subscription models offer companies large and small the opportunity to build predictable revenue and high customer lifetime value. But managing subscriptions effectively and freeing up time and resources for expansion is no picnic. In a subscription business model, customers pay a recurring fee in exchange for a product or service.
Embedded payments come with a lot of responsibilities, such as bank sponsorship and risk management, which is why finding the right payments partner like Stax Connect is essential to help you monetize payments and own the entire experience. Stax Connect streamlines the enrollment process for SaaS companies.
Here’s an interesting stat: 70% of businesses consider subscription and membership models indispensable for future commercial growth and expansion. They must engineer a well-rounded solution that makes handling subscriptions a breeze (and yes, it is as hard as it sounds). However, only 10% of them currently employ these models.
With the majority of processors relying on negotiations and tacking on hidden costs like exorbitant setup fees, dishonest monthly subscription fees, or unfavorable long-term contracts, it can be hard to know what the best rates really are. However, the percentage markup rate does not give you a full picture of your processing costs.
At Stax, we do things differently and offer subscription-based pricing with access to direct cost processing, and no hidden fees. Stax has options, no matter what you need. Check out our full range of payment terminals here compatible with Stax Pay here. Request a Quote
Enter card-present tokenization, a feature by Stax that enables merchants to accept payments in person and instantly tokenize payment data for future transactions. ” How it Works If you’re a Stax merchant, enabling card-present tokenization is easy and doesn’t come with additional costs.
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