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How Adopting Mobile Payments Can Help Your Business Grow in 2024

Stax

Let’s time travel back, just 20 years ago, to the shopping mall. Thanks to the advancements in payment technology, the answers are not difficult to find. After all, especially with a younger generation of patrons expecting modern technology, businesses not only need to but also benefit from meeting their customers where they are.

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Mobile Credit Card Processing Explained: What Business Owners Need to Know

Stax

shoppers as customers become more comfortable with the technology.” As stated by countless resources, mobile is the direction the payment technology space is heading. It pays to know exactly how mobile technologies will be impacting your business, or potentially already are.

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FSM Software: 7 Growth Tips for Field Service Management Software Providers

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Transportation, shipping, and delivery companies – Companies that deliver their goods to their customers or move inventories from one store to another need FSM to track the movement of their personnel, streamline communication, optimize travel routes, and minimize long-term costs. Stax Connect ticks all of these boxes.

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Visa Interchange Rates 2024: What You Need to Know

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Retail transactions might have different rates compared to healthcare or travel-related transactions. 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. Use technology that supports lower-cost transaction methods (e.g.,

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What is Dynamic Pricing? Everything You Need to Know About Implementing Dynamic Pricing in 2024

Stax

The travel industry also relies on dynamic pricing to accommodate peaks and troughs, with lower prices typically offered during the off-season to fill bookings. Implementing Dynamic Pricing with Technology Data analytics plays a pivotal role in dynamic pricing. This is where Stax comes in. Who uses dynamic pricing?

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Understanding Risk Management Strategies as a PayFac

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To establish an effective risk management program as a PayFac, you must establish a dedicated risk management team, utilize the right tools and technology, develop proper risk management policies and procedures, conduct regular risk audits, and stay up-to-date with the latest industry regulations.

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How Much Do Credit Card Companies Charge Merchants?

Stax

Leveraging technology, monitoring chargebacks, and addressing individual business factors help to reduce credit card fees and improve overall profitability. Certain industries including subscriptions, travel, and gambling, are considered by merchant account providers and banks to be at higher risk of encountering chargebacks and fraud.