Stax

DECEMBER 4, 2023

Best practices for ensuring AML compliance as a PayFac include continuously updating your AML policies, utilizing advanced technologies for monitoring, periodic internal reviews and audits, and engaging with AML experts and consultants. Reviewing and continuously updating your AML policies is therefore necessary.

Merchant Services 88

Merchant Services Payment Services Payfac compliance 88

Stax

JANUARY 5, 2024

Level Up Your Terminal with Stax Card Readers What is a Credit Card Terminal? Integrated payment systems These are terminals that integrate with the POS systems (point-of-sale), combining payment processing capabilities directly into the business’s existing software, acting as an all-in-one system.

Payment Methods 88

Payment Methods Payment Services Merchant Services Payment Solutions 88

Stax

FEBRUARY 26, 2024

And while solutions like POS systems are perfect for in-person payments, what about when you need to offer remote billing or refunds, or if you need to process a customer’s credit card over the phone? A contactless virtual terminal can also serve as a backup to your point of sale (POS) system.

Payment Methods 88

Payment Methods Payment Services Merchant Services Payment Solutions 88

Stax

DECEMBER 20, 2023

SaaS companies can avoid having to integrate their software with that of gateways and banks, undergo thorough merchant underwriting, and submit mountains of documents by working with a trusted PayFac like Stax to make their software more comprehensive for their clients. This system works very well for SaaS providers.

Merchant Services 88

Merchant Services Payment Services SaaS Payments Payments 88

Stax

APRIL 17, 2024

When it comes to payments,partnering with an ISV like Stax Connect is a great way for companies to go to market with their own payment platform. “We found what we were looking for with Stax,” says Elena Battles, Director of Customer Experience.”

Payments 68

Payments Merchant Services Payment Methods Payment Services 68

Stax

MARCH 12, 2024

Customer payment behaviors How quickly or slowly your customers make payments has a direct impact on DSO, as timely payments by the due date keep DSO low. When interest rates are high, companies may have a less liquidity due to paying bigger loans or having difficulty securing lending, which has a knock-on effect on vendors.

Payment Features 88

Payment Features Payment Methods Payment Services Stax 88

Stax

FEBRUARY 26, 2024

Handling payment failures and retries Payment failures are an inevitable aspect of any payment system. Recurring payment systems are designed to handle such situations by employing automated retries, so you don’t have to spend as much time on the dunning process.

Payment Services 88

Payment Services Payment Features Merchant Services Payment Methods 88

Stax

MARCH 4, 2024

Many businesses and respected institutions have immediately been taken down for days, weeks or longer due to cyber attacks designed to exploit their vulnerabilities. Stax delivers an all-in-one payments platform that is secure, stable and customizable—and did we mention affordable? There’s also compliance. Digital wallets (e.g.,

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Features 88

Stax

NOVEMBER 6, 2023

Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone. Due to its simple yet effective way of making mobile payments , this method is one that is rapidly growing. That’s where you can turn to mobile payment systems.

Payment Methods 88

Payment Methods Payment Services Mobile Payments Merchant Services 88

Stax

MARCH 11, 2024

And don’t forget to read the reviews and the fine print before you buy. Both systems interact throughout the sales. Your POS system takes the card payment, while the processing provider transfers the funds. If you already have a subscription to these systems, you can bundle the equipment in a deal and find new savings.

Merchant Services 88

Merchant Services Payment Services Payment Solutions Payment Methods 88

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. Some others, including Stax, offer subscription-style processing that gives you access to the lowest rates of interchange.

Payment Services 167

Payment Services Merchant Services Payment Methods Payment Solutions 167

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. The signature is compared with the one on the back of the card or with the signature stored in the card issuer’s system.

Payment Methods 88

Payment Methods Merchant Services Payment Services Stax 88

Stax

NOVEMBER 13, 2023

It’s secure NFC transactions are secure due to the short distance over which they occur. Beyond retailers and accepting payments, NFC is used for public transport, access control systems, smart advertising, data exchange between devices, and interactive gaming. The customer taps the card, and the transaction is complete.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Solutions 88

Stax

JANUARY 28, 2024

The customer subscription model grew in popularity partly due to the convenience that it offers to customers. TL;DR Originally popularized by print media, the subscription model is now widely adopted in the digital age (especially in SaaS and eCommerce), due to its convenience and the stable revenue stream.

Payment Features 88

Payment Features Payment Methods Payment Solutions SaaS Payments 88

Stax

APRIL 18, 2024

Choosing and setting up your mobile payment processing system should be research-intensive, but is a straightforward process, meaning once you know what you want, you can get set up fairly easily and quickly. Bluetooth, headphone jack), compatibility with your operating system, and security features.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

DECEMBER 20, 2023

Here are Stax’ Top Credit Card Processing Tips. No matter if you’re just starting out or you’ve been in business for a while, making your credit card system work better can really help your business grow—by saving you money, making your systems more efficient, or improving your customer experience.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

MARCH 14, 2024

Choosing a B2B payment system crucial to addressing common challenges that B2B payment systems face as well as improving client experience. Cross-border B2B payments can be complicated due to currency conversions, regulatory compliance, and varying banking systems. Learn More What are B2B Payments?

Payment Services 88

Payment Services Merchant Services Payment Methods Payments 88

Stax

APRIL 18, 2024

Payment Gateway: A service provider that facilitates communication between the merchant’s POS system and the acquiring bank’s payment processing system. The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

MAY 7, 2024

For example, the interchange fees for online transactions may be higher due to the higher risk of credit card fraud. Terminal or equipment fees – Small businesses often lease or purchase payment processing equipment, such as point-of-sale (POS) systems or credit card terminals. These fees can also vary based on transaction type.

Merchant Services 88

Merchant Services Payment Services Payment Methods Accept Credit Card Payments 88

Stax

APRIL 23, 2024

When you use Stax , ACH transactions only cost $0.29 Due to the automated and strictly bank-to-bank payment method that ACH payments require, they are often ranked as one of the most secure and fraud-proof forms of payment. Get in touch with Stax to speak with a payment expert who can help. on average.

Payment Methods 88

Payment Methods Payment Services Payment Solutions Payment Features 88

Stax

FEBRUARY 28, 2024

Your payment terminal can be fully or semi-integrated with your POS system. It’s possible to have a non-integrated system, but this is becoming increasingly less common. As such, there is a 2-way sync between the devices The POS system offers One-way communication to the physical terminal. Card-present rate. Card-present rate.

Payments 88

Payments Payment Methods Merchant Services Payment Services 88

Stax

JANUARY 24, 2024

Dynamic pricing systems refer to pricing models where the price of goods and services fluctuate based on a range of factors. This differs from a fixed price approach, where prices are reviewed and adjusted in regular installments. This is where Stax comes in. Request Quote What is Dynamic Pricing? How does dynamic pricing work?

Payment Methods 88

Payment Methods Pricing Airlines Payment Solutions 88

Stax

MARCH 6, 2024

Choose the right service provider The ideal platform should offer robust functionality that includes flexible billing cycles, support for various payment methods, comprehensive security features, and seamless integration with existing systems. Regularly reviewing and optimizing pricing models keeps the offerings competitive and appealing.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Features 88

Stax

JANUARY 24, 2024

Do I need to transition to a new system altogether? Not only that, but Intuit has made it clear that the future of the QuickBooks system lies with their online version. Does this mean that every company currently using QuickBooks Desktop will need to transition to a new system? Not necessarily.

Payment Solutions 88

Payment Solutions Payment Features Payment Services Payment Methods 88

Stax

JANUARY 3, 2024

Once a relatively niche offering, the COVID-19 pandemic saw retailers accelerate the rollout of self-checkout systems, their contactless nature making them a lot more appealing than traditional checkouts for many consumers. TL;DR Self-checkout systems are automated checkout solutions that allow customers to process purchases independently.

Payment Solutions 88

Payment Solutions Payment Methods Payment Services Payments 88

Stax

FEBRUARY 5, 2024

This could include upgrading equipment, implementing waste recycling systems, or introducing energy-efficient processes. Implement a system for regular surcharge monitoring, and be open to tweaking your pricing strategy based on customer feedback and market trends. Regulatory surcharge. reduced surcharges). Flexibility goes a long way.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

NOVEMBER 8, 2023

Buying and setting up hardware (POS systems, card readers, or payment terminals) and identifying the right merchant services provider that offers the cheapest credit card processing fees can be quite daunting. A business can see the assessment fee as a separate line item on their statement (usually called “Dues” or “Assessments”).

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

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. From there, everything runs as it would from the stationary system.

Merchant Services 88

Merchant Services Payment Methods Mobile Payments Payment Services 88

Stax

DECEMBER 27, 2023

This is especially common for high-risk accounts, as more vetting and due diligence are typically required. High-Risk Merchant Accounts Process payments for high-risk industries Online gambling, pharmaceuticals, insurance, subscription businesses Specialized approval process, secure transactions Higher fees, additional due diligence.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Solutions 88

Stax

APRIL 30, 2024

Depending on the business type, merchant processing solutions are of two types: Point-of-sale (POS) systems POS systems are a popular payment collection system, with more than 93,300 companies using them in the US alone. These systems enable a smartphone or tablet to function as a card terminal.

Merchant Services 88

Merchant Services Payment Services Payment Solutions Payment Methods 88

Stax

DECEMBER 20, 2023

Other factors you should take into account are integration with existing systems, security and fraud protection, customer support, and ease of use. Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate.

Payment Services 88

Payment Services Merchant Services Payment Methods Stax 88

Stax

JANUARY 17, 2024

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processing costs, and enhanced security.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

FEBRUARY 19, 2024

In some cases, providers may offer an account manager who is tasked with offering demos or providing tailored support for company users, which helps to streamline the transition into adopting new systems or workflows. This is due to the smaller market size and longer development time needed to create tailored industry solutions.

SaaS Payments 88

SaaS Payments Payment Services Payments Payment Solutions 88

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.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

JANUARY 10, 2024

Rewards cards cost merchants more to process due to the complexity of the program and administering the perks on offer. Flat-rate pricing and tiered pricing can cause confusion due to a lack of clarity about interchange rates. This is where CardX by Stax comes in. Different types of credit cards will also involve different fees.

Merchant Services 88

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.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

FastSpring

DECEMBER 7, 2022

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. This is a good place to start, but there are more ways to reduce churn due to failed payments. Billing system analytics and metrics. Zoho Subscriptions.

Payment Methods 125

Payment Methods Merchant Services Payment Services Payments 125