11 Easy Ways Businesses are Accepting Payments Online

When the world wide web became available to the public in the early ’90s, the growth of eCommerce and online shopping wasn’t far behind. With triple-digit growth seen annually since its emergence in the mid-1990s, online shopping now accounts for 13% of all U.S. retail sales.  Clearly, accepting online payments is no longer an option for your business—it’s a must.

One of the major benefits of accepting payments online is the ability to get paid faster and in some scenarios, expand your revenue outside your local area of business. For professional service businesses such as legal consultations or therapeutic services online invoicing lets customers and clients the ability to pay for your products and services from anywhere at any time.

Whether you’re currently transitioning your company to a digital format or you are interested in finding a more convenient approach to get paid faster, here are 11 ways your business can accept payments online.

Accepting Online Payments using Credit and Debit Cards

As a business owner processing payments using a credit card or debit card is most common. The process uses an ACH transfer (Automated Clearing House transfer) or the transfer of money electronically from the customer’s bank account through the ACH network to the merchant’s bank account.

These transfers don’t require a payment gateway to be processed (although you do need a merchant account). ACH payment transaction fees are usually lower than credit card processing fees and are charged either per transaction or at a flat rate. For scenarios where the card isn’t present, you can use its details to perform contactless payments via online or digital payment gateways.

Mobile Payment Processing

As payment technology continues to advance financial institutions are increasingly providing customers with the ability to use mobile phones for banking transactions. This increases your customer’s ability to pay for just about anything from anywhere. Accepting mobile payments saves time by allowing you to collect compensation right from your phone or tablet.

With additional payment processing methods such as Apple and Google Pay on the rise, cloud-based payments have become a necessity. Most credit card processors use cloud-based technology, so your data, as well as your customer’s information, is secure. In other words, mobile payments are secure, fast, and convenient.

eChecks Through ACH Process

An eCheck is simply a form of online payment. Money is withdrawn from the payer’s checking account through an electronic funds transfer (EFT). Funds are electronically withdrawn from your customer’s account, sent via the ACH network to the payee’s banking institution, and then electronically deposited into the payee’s account.

eChecks are one of the most popular types of recurring payments. Funds are verified within 24 to 48 hours of the transaction being initiated. Should the payer have the funds available in their checking/bank account, the transaction is cleared within 3 to 5 business days and the funds are moved from the payer’s account to the payee’s account.

Click to Pay Email Invoicing

Email invoicing is the exchange of the invoice document between a business and a customer in an integrated electronic format. Traditional invoicing is manual and tedious, often prone to human error resulting in increased costs and payment processing lifecycles for your business.

Email invoicing or electronic invoicing is an easy and safe way for businesses to send out online payment requests. With a simple click, your customers can open the invoice via email, input their preferred payment information, and pay you instantly.

With email invoicing, you’re also able to schedule payment reminders and recurring payment options for long-term customers.

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Recurring Billing

Also known as auto-pay, recurring billing means the customer has authorized the merchant to deduct payments for recurring goods and services each month from their bank account. Payments can also be made with a securely saved debit or credit card. Recurring billing and payments prevent late fees by processing payments on or before their due date.

Recurring billing is effective for a wide range of businesses. Not only does it decrease late or missed payments, but it also improves your cash flow and assists your business with long-term financial planning.

SMS Text Payment Requests

SMS payments (sometimes referred to as text to pay) allow businesses to request payments and for customers to pay for goods, services, or products via a text message sent from a mobile phone. With the SMS payment system, purchasers send a text message to pay for an item or service.

With a 95% open rate over email invoicing, sending customers SMS text payment requests minimize your turnaround time of getting paid and optimize the opportunity for your customers to pay using digital payment options directly from their smartphone.

Related Article: What is Text To Pay And How Can You Leverage It For Your Business

Contactless Payment Options

Industry data shows that global contactless card purchases are forecasted to hit over $10 trillion by 2027. 

This payment method is clearly here to stay, so if you currently don’t accept contactless payments, now is the time to upgrade your system. 

Offering contactless payment methods provides safe and efficient payment options for your customers. Outside of mobile payment solutions, there are various types of contactless payments, including touch-to-pay credit and debit cards, Apple Pay, Android Pay, Google Pay, Fitbit Pay that can be used via smartphone or smartwatch, as well as other contact-free devices.

Virtual Terminal

A Virtual Terminal is a web-based payment application that assists your business with sending invoices, scheduling future & recurring payments, and it securely saves payment information for customers with recurring charges. Fit for businesses that primarily operate over the phone, require online invoicing, or have recurring monthly memberships, virtual terminals incorporate your entire payment experience into one easy-to-use platform.

Built into your integrated payment platform a virtual terminal allows your business to accept a variety of online payment types including debit, credit, and ACH bank payments all from your dashboard.

Peer-to-peer (P2P) Payments

Peer-to-peer (P2P) payments refer to the transfer of funds between individuals or entities without the involvement of traditional financial intermediaries such as banks. These transactions are typically facilitated through digital platforms or mobile applications (like Zelle and Venmo) which connect users directly to initiate the transfer.

P2P payments offer a convenient and efficient way to send and receive money, eliminating the need for physical cash or checks. They are often used for various purposes, such as splitting bills, repaying friends or family, or making purchases from individuals or small businesses.

eCommerce Shopping Cart

eCommerce refers to internet-based stores selling goods and or services to customers. This online shopping network allows people to do business without the constraint of distance and time.

Simply put, once a customer has added items or services to their online shopping cart, they can go directly to the checkout page. There, they can pay with a credit or debit card, processing their payment digitally. This process allows your customers to complete their entire purchase without ever having to leave the business’s website.

Payment Gateway Plug-Ins

A payment gateway plug-in authorizes credit cards or direct payment processing for e-businesses, online retailers, or traditional brick-and-mortar stores with an online presence. Adding a payment gateway plug-in to your business website allows you to seamlessly process payments directly from your web store.

Adding a payment gateway plug-in is an ideal solution for businesses interested in selling goods and services online via an eCommerce store. Doing so makes purchasing quick and easy for customers and expands your client reach, expanding your business’s ability to generate revenue exceeding your local area.

How Can Stax Help Your Business With Accepting Payments Online?

Online payment solutions are crucial to modern business. Without them, you are unable to accept payment methods that are becoming an industry standard.

While card-not-present rates tend to be higher, with Stax you save more on the costs. Not only will your business have access to the wholesale card-not-present rates, but you’ll also gain access to the Stax Platform. This helps your business easily streamline payments, increasing flexibility in how you receive payments between in-store and online.

Whether it’s invoicing, recurring billing, pay by phone, contactless payments, or being able to receive payments through your website, Stax offers multiple online payment options that can help your business succeed.

10 Ways Businesses Are Accepting Payments Online

How to Accept Payments Online: 3 Simple Steps

Every business operating in this current day and age—whether brick-and-mortar or eCommerce—must do so in an efficient and effective manner. A core component of this new era is the speed and convenience of payments. Further, it is crucial for small business owners to be able to accept payments online.

Not only is it a requirement for being up to date with the latest payment processing technology, but it is also a matter of meeting customers’ demands and fulfilling their expectations.

That is why the total transaction value of digital payments in 2023 is projected to reach a whopping $9.46 trillion. With more and more integrated payment platform solutions coming to the forefront, this figure is likely to grow at an exponential pace.

If you have just started your business or want to set up virtual terminals for credit card processing for an older entity, the process may seem a bit daunting. But even if it sounds stressful, it isn’t impossible to understand.

If you use the right kind of merchant services, you can begin to collect payments online in no time. Here’s how you can collect online payments and run your online store.

Step 1: Find an Integrated Payment Solution

To start taking payments online without any hassles, your best bet is to turn towards an integrated payment platform as your payment service provider. This will give you the ability to process and automatically sync major credit cards (e.g. Mastercard, Visa, Discover, American Express), debit cards, automatic clearing house bank transfers of ACH payments, and e-check transactions.

Thankfully, specialized entities provide these integrated payment platform solutions and make the process simple.

Built with scalability in mind, these virtual terminals for payment card processing can help you with accepting credit card payments online in no time using an easy-to-use payment gateway. But they do not stop there. Depending on the kind of payment technology you select, you can also accept an array of other digital payments.

These include but are not limited to digital wallets (like PayPal, Venmo, Apple Pay, Google Pay, etc.), recurring billing, email invoicing, text2Pay, and bank account payments.

If you select an integrated payment method, you can also set up your point of sale (POS) terminal at your brick-and-mortar store with it. This way, you can see all your revenues and incoming credit card transactions in one place.

With Stax, you can offer a variety of payment options to your customers including credit and debit card payments, mobile payments, ACH transfers, eChecks, and contactless payments. You can even create customizable, professional invoices for your customers or send them a checkout link via text or email to get paid faster.

Step 2: Making Payment Provider Comparisons

You may have seen it firsthand.

It’s common (and widely expected) for your customers to shop around for details at other payment service providers before going with what you have to offer.

Similarly, you need to make proper comparisons between integrated payment platform services before selecting one for your online business.

Here, you will need to keep some key factors in mind. These aspects include but are not limited to:

  • Functionality. Check what kind of features and integrations the solution offers. Does it help you keep your customers’ information safe by ensuring PCI compliance? Does it allow you to integrate your most commonly used business apps with its APIs?
  • Ease of use. Evaluate how easy it is going to be for your employees to learn and use the solution.
  • Variability. Check if the payment service provider is only offering virtual terminals for payment card processing or if you can accept multiple payment methods.
  • Cost. Compare processing fees and costs between other payment service providers to make sure you are paying competitive prices. While there’s no way to accept online payments for free (because of the non-negotiable interchange fees set by card networks), look for a merchant account provider that doesn’t charge a host of additional fees or markups. Typically, they would pass on the costs of interchange and their markup in the form of monthly fees or transaction fees. As such, providers like Stax which offer membership-based pricing with no hidden fees or markups, are the most cost-effective for growing businesses.
  • Customer support. Evaluate the level of customer support offered by each provider to ensure that you receive prompt assistance when needed. Look for providers that offer 24/7 customer support through multiple channels such as phone, email, or live chat. Read reviews and testimonials from existing customers to get an idea of their satisfaction with the provider’s support services.

Step 3: Setting Up Your Payment Solution

Now that you have made your decision about which online payment service provider to go with, it’s time to set it all up.

Some integrated payment platform providers make the onboarding process as smooth as possible. Make sure that you choose a solution that not only provides you with an easy setup but also goes on to offer long-term ease of use.

As a general rule, always keep in touch with the payment service provider while setting up payment gateways or virtual terminals for payment card processing. This allows you to ask questions and get relevant answers during and after the setup phase to avoid any potential issues.

The Bottom Line

At Stax, we make it quick and easy for businesses to accept credit cards in-person, online, and on the go. Through our best-in-class, integrated solutions, Stax gives your business the ability to accept payments anytime, anywhere across Apple or Android applications.

Our smart all-in-one platform is perfect for businesses that need online payment services or take payments over the phone. With simple invoicing, recurring charges, and online bill pay, you’ll get paid faster with Stax.

If you are currently in the process of finding an online payment processing software, reach out to Stax today. Our Payment Consultants will be glad to answer any questions you may have and help you find a solution that’s a perfect fit for you.

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FAQs about Accepting Online Payments

Q: What are some ways businesses can accept payments online?

Businesses can accept online payments through various methods such as credit and debit cards, mobile payment processing, eChecks, email invoicing, recurring billing, SMS text payment requests, contactless payment options, virtual terminals, peer-to-peer (P2P) payments, eCommerce shopping carts, and payment gateway plug-ins.

Q: Why are online payments important for businesses?

Online payments are crucial for modern businesses as they facilitate transactions without the constraints of time and distance. They also provide faster payment processing, thereby improving cash flow. In an increasingly digital world, not accepting online payment methods may limit a business’s customer base and revenue prospects.

Q: Can businesses accept payments via mobile devices?

Yes, with the advancing technology, businesses can now accept payments via mobile devices. This method is convenient, fast, and secure, allowing customers to pay from anywhere, anytime.

Q: What are eChecks and how do they work?

eChecks are a form of online payment where money is withdrawn electronically from the payer’s checking account and deposited into the payee’s account via an electronic funds transfer (EFT). eChecks are popular for processing recurring payments and typically clear within 3 to 5 business days.

Q: What is Email invoicing?

Email invoicing is the digital exchange of invoice documents between a business and a customer. It enables businesses to send out payment requests to their customers online. Customers can then open the invoice via email, enter their desired payment information, and make instant payments.

Q: How does SMS Text Payment Requests work?

SMS payments allow businesses to request payments via a text message sent from a mobile phone. With a high open rate, SMS payment requests offer a quick turnaround time for receiving payments and allow customers to use digital payment options directly from their smartphones.

Q: What are contactless payment options?

Contactless payment methods allow customers to make payments without physically touching payment hardware. These methods include touch-to-pay credit and debit cards, Apple Pay, Android Pay, Google Pay, and Fitbit Pay. They can be used via a smartphone, smartwatch, or other contact-free devices.

Q: How can Peer-to-peer (P2P) Payments benefit businesses?

Peer-to-peer (P2P) payments allow the transfer of funds between individuals or entities without the need for traditional financial intermediaries. They offer a convenient and efficient way to send and receive funds, eliminating the need for physical cash or checks.

Q: What is an eCommerce shopping cart in the context of online payments?

An eCommerce shopping cart is a software application that allows customers to select and store items for purchase while browsing an online store. Upon checkout, customers can pay for these items using their desired online payment method.

Q: What is a Payment Gateway Plug-In?

A payment gateway plug-in authorizes credit cards or direct payment processing for e-businesses and online retailers. This plug-in allows businesses to seamlessly process payments directly from their e-commerce store.

Q: How can businesses set up an online payment solution?

Businesses need to select an integrated payment platform that can process major credit cards, debit cards, ACH payments, and e-check transactions. Comparison of different providers, considering functionality, ease of use, payment methods supported, cost, and customer support is crucial in making an informed decision. After selecting the provider, businesses can set up the solution with the help of customer support from the provider.


Understanding Fee Statements: Everything Business Owners Need to Know

Knowledge is power when it comes to winning in business (and life). This is especially true in the realm of fees, fee statements, and payments. 

Virtually all merchants today must accept credit cards and other non-cash modes of payment. And as you know, processing these transactions isn’t free; that’s why you need to understand the fees you’re being charged and ensure you’re not paying more than you should. 

The first step to doing that is understanding the fee statement. Sometimes referred to as a merchant account statement, your fee statement is a detailed record of all transactions processed, associated fees, and other account-related activities over a specific period.

In this article, we’ll help you decode your fee statement, so you can run the numbers and identify areas of potential savings. 


  • A fee statement, also known as a merchant account statement, details all the transactions a business processed, the associated fees, and account-related activities over a specific period. 
  • Not all fee statements look the same. The exact information that’ll be included in your fee statement will depend on your payment processor’s pricing structure.
  • Don’t just take your fee statement’s information at face value. Cross-check the data with your own records and sales reports. This step helps ensure accuracy, uncover potential errors, and confirm you’re not charged for transactions you didn’t process.

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What is a Fee Statement?

A fee statement, also known as a merchant account statement, is a document provided by your merchant services provider, typically every month. It outlines all the transactions that your business has processed during the statement period, including credit and debit card sales and refunds. 

What Information Can Be Found in the Fee Statement?

The merchant fee statement should detail your account activity, as well as the transactions and fee information for the month. Here’s a breakdown of the key information you can expect when you view your statement.

Fee overview

This section is usually found at the top of the statement, and it shows the total fees you’ve been charged. If you want a quick look at the amount due, you should look here. 

Summary of account activity

Some statements may also provide a quick summary of your account activity for the month. This usually includes the total number of transactions, sales volume, refunds, chargebacks, etc. 

Detailed list of transactions

Your statement will also go into deeper detail about your account activity. This typically means listing each individual transaction processed during the statement period.

Fees charged

In addition to listing the merchant’s transactions, the fee statement also details the fees associated with these transactions, including:

  • transaction fees (interchange, assessments, and markup)
  • monthly service fee
  • terminal fees
  • payment gateway fees
  • early termination fees
  • other incidentals like chargeback fees
  • retrieval fees
  • paper statement fee
  • account fees
  • monthly fees

It’s important to note that not all fee statements look the same. The exact information that’ll be included in your fee statement will depend on your payment processor’s pricing structure. 

For instance, if you’re working with a provider that uses interchange plus pricing, then your statement will likely have a breakdown of interchange fees and the markup of your merchant services provider. 

On the other hand, if you’re using a provider like Stax, which doesn’t charge markups and instead uses a membership-based structure, then your fee statement won’t have those markup costs. 

Example of a Fee Statement

To give you a better idea of what a fee statement can look like, here’s an example of the merchant statement we have at Stax. 

Let’s break down the different components of their merchant account statement. 

  • The amount in the “Total” section represents the merchant’s gross funds, less any refunds and surcharge fees. 
  • The amount in the “Total Fees” section lists the fees the merchant incurred for non-surcharged transactions. 
  • Processing fees are paid for non-surcharged transactions. 
  • The Surcharge column shows the surcharges customers paid, categorized based on the card brand. 

Again, your statement will likely look different, depending on your processors and the payment methods you accept. Hopefully, though, this example gives you a solid foundation for understanding the core components of most fee statements.

How to Access the Fee Statement

Like most financial statements, your fee statement can be sent via mail, or you can opt to go paperless and have the documents emailed to you. Modern payment processors usually have a merchant portal where you can log in and access your monthly statements. 

Note that most paperless options require an enrollment process. As such, if you prefer to go digital and have the documents available online, ask your provider about their capabilities. 

How to Review Your Merchant Fee Statement

Now that we’ve covered the basic anatomy of merchant fee statements, let’s look at the steps you can take to review yours effectively. 

Understand your statement

The best way to make sense of your statements is to understand the basics—i.e., what the different terms mean, the different types of fees, and how they apply to your business operations.

The good news is that if you’ve made it this far, you’re well on your way to understanding your fee statements. 

Set aside time to review these documents

Just like with any important task, scheduling an activity increases the likelihood of it getting done. If you really want to dig into your statements, put some time into your calendar to review them.

Familiarize yourself with your statement fee schedule so you know when it’s coming. Then, block out an hour or so to go through it. This structured approach ensures you won’t overlook or rush this financial task.

Verify the information

Don’t just take any information at face value. Cross-check your fee statement data with your own records and sales reports. This step helps you ensure accuracy, uncover potential errors, and confirm you’re not being charged for transactions that shouldn’t have incurred fees.

Pro tip: Most POS systems offer sales and transaction reports that can help you verify the information on your fee statement. Plus, if you’re using integrated payments, generating payment reports that directly correspond with your merchant account activities is relatively easy. Leveraging these tools can simplify the verification process so you can spend less time drilling down on the numbers. 

Compare the information with previous periods

Compare your current statement with the ones you’ve received in the past. This will allow you to spot trends, identify inconsistencies, and monitor changes in your payment processing costs over time. 

Compare different providers

If you switched providers, it’s also helpful to compare the statements of different payment processors. Which vendor is more transparent? Which one offers better rates? The best way to get answers is to compare and contrast the different statements. 

Get in touch with your payment processor if needed

See anything amiss on your fee statement? Get in touch with your provider and bring up discrepancies, errors, or parts that aren’t clear. In addition to rectifying any mistakes, having these conversations will help you better navigate the complexities of payment processing. 

Bringing it all together

Understanding your merchant fee statement isn’t just about digging into financial documents; it’s about gaining better control of your business’ financial health. Knowing exactly what each line and amount means puts you in a better position to negotiate fees, save money, and run a stronger business overall. 

And if you need a merchant services partner that offers powerful payment solutions, transparent fees, and top-notch customer support—check out Stax Payments. 

Unlike other payment processors, Stax doesn’t take a cut out of your revenue. Our membership model gives you access to wholesale processing fees, which translates to hundreds (if not thousands) of dollars worth of savings per month. Plus, we don’t charge any additional costs, so there are no surprises when your statement arrives. 

Stax also offers a fully compliant credit card surcharging program, which allows you to pass the processing fees directly to the customer, further minimizing your costs.

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FAQs about Fee Statement

Q: What is a fee statement?

A fee statement, also termed a merchant account statement, is a document provided by your merchant services provider, typically every month. It details all the transactions a business has processed, including credit and debit cards sales and refunds, during the statement period.

Q: What information is included in the fee statement?

The merchant fee statement should contain details of your account activity, the transactions and fee information for the month. It generally includes a summary of account activity, a detailed list of transactions, and fees charged related to these transactions.

Q: Does the fee statement structure vary with payment processors?

Yes, not all fee statements look the same. The exact information in your fee statement is reliant on your payment processor’s pricing structure. For instance, certain processors might include a breakdown of interchange fees and their markup, while others might omit markup costs altogether.

Q: How can I access the fee statement?

Fee statements can be sent via mail, or you can switch to paperless versions and have them emailed to you. Many modern payment processors typically have a merchant portal where you can log in and access your monthly statements.

Q: How to effectively review your merchant fee statement?

Initially, you need to understand your statement completely. Cross-check the fee statement data with your records and sales reports to verify the information’s accuracy. It’s good practice to compare your current statement with those from previous periods to spot trends and changes in payment processing costs.

Q: Can the fee statement help me save costs?

Yes. Understanding the fee statement helps you spot potential areas of savings and negotiate fees. Verifying your statement details ensures you’re not being charged for transactions that haven’t incurred fees, thereby saving money.

Q: What if there are discrepancies in my fee statement?

If you identify any discrepancies or errors in your fee statement, get in touch with your provider immediately. They will rectify any mistakes and clarify any information that isn’t clear.

Q: What is credit card surcharging?

Credit card surcharging is a program where you pass on the processing fees directly to the customer, thereby decreasing your costs. This program would be represented in your fee statement.

Q: What is Stax’s pricing approach?

Stax operates on a membership model providing access to wholesale processing fees. This could result in significant savings per month. Stax also offers a fully compliant credit card surcharging program allowing customers to bear the processing fees.

Q: Can my POS system assist in verifying my fee statement?

Absolutely, most POS systems offer sales and transaction reports that can aid in verifying the information on your fee statement. This reduces time spent deep diving into the numbers and simplifies the verification process.


The Ultimate Breakdown: Comparing Mobile Credit Card Readers

The evolution of mobile credit card processing technology means consumers have more choices when it comes to how they pay. Whether you’re using a mobile card reader with your phone or a terminal, using mobile readers for your business transactions can streamline your payment process.

Mobile credit card readers offer your business a convenient way to take credit card payments without investing in an expensive POS system. You can also add additional mobile payment devices such as a smartphone or tablet to further optimize the customer experience at checkout.

Today, many businesses are transitioning to mobile and contactless payment options with the use of mobile credit card readers and full-featured POS apps as a result of their many advantages. With thousands of mobile credit card processing companies to choose from, finding the right fit for your business may seem daunting.

We’ve compared five well-known and well-used credit card processing companies offering mobile credit card reader services. If you don’t know which solution works best for your needs, here you’ll find the ultimate breakdown when comparing mobile credit card readers.

Expanding Mobile Payment Options

The evolution of mobile credit card processing technology has revolutionized the way consumers make payments and how businesses process payments. Gone are the days of being limited to cash transactions or traditional point-of-sale systems. Today, businesses have a plethora of options to accept credit and debit cards securely and efficiently.

Mobile credit card readers stand at the forefront of this transformation, offering businesses a convenient and cost-effective way to accept credit card payments. These portable devices can be easily integrated with smartphones or tablets, allowing businesses to process transactions on-the-go. By utilizing a mobile card reader provider, businesses can obtain not only the hardware but also the necessary software and support to seamlessly accept card payments.

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Streamlining Payment Processes with Full-Featured POS Apps

Alongside mobile credit card readers, businesses are embracing full-featured POS apps to further streamline their payment processes. These comprehensive applications offer a range of functionalities, from inventory management to customer relationship management, providing a holistic solution for modern businesses. Integrating mobile card readers with these apps allows merchants to centralize their operations, leading to increased efficiency and reduced chances of errors during transactions.

Choosing the Right Mobile Credit Card Processor

With many mobile credit card processing companies in the market, finding the right fit for your business can be difficult for new business owners. To make an informed decision, you should consider factors such as:

Transaction Fees: Compare the transaction fees offered by different providers to ensure you’re getting the most competitive rates that align with your business volume.

Free Credit Card Reader: Some providers offer free credit card reader options, which can be a cost-effective way to get started. However, be sure to review any associated fees or transaction costs to ensure it truly suits your business needs. Oftentimes these options are best for small businesses that are just starting out.

Customer Support: Reliable customer support is essential, especially during critical moments. Choose a mobile credit card processor that provides prompt and efficient assistance to resolve any technical issues that may arise.

Compatibility: Ensure the chosen mobile card reader provider supports your existing hardware and mobile device operating system to avoid potential compatibility issues.

Security and Compliance: Prioritize providers that adhere to industry security standards and compliance regulations to safeguard sensitive customer data during credit card payments.

A Comparison of Mobile Credit Card Readers

To make the decision-making process simpler, it’s important to compare and contrast different mobile credit card readers. Look for reputable mobile credit card processor comparison guides that outline the pros and cons of each provider, including their pricing models, features, and customer reviews.

The landscape of payment processing has significantly evolved with the advent of mobile credit card readers and full-featured POS apps. These technologies have provided businesses with the flexibility, convenience, and security needed to adapt to modern payment preferences.

As the competition among mobile card reader providers continues to grow, businesses can take advantage of this thriving market to find the ideal solution that suits their needs and helps enhance the overall customer experience.

By making an informed decision and partnering with the right mobile credit card processor, businesses can stay at the forefront of the payment revolution and meet the demands of their customers.

The Advantages of Using Mobile Credit Card Readers for Businesses

The evolution of mobile credit card processing technology has brought about a myriad of benefits for businesses looking to optimize their payment processes. One of the most significant advantages of using mobile credit card readers is the increased flexibility and choice it offers to both merchants and customers.

Whether you prefer a standalone credit card reader device or a full-featured POS app, the options available cater to different business needs and budgets.

With mobile credit card readers, businesses can accept payments from virtually anywhere, breaking free from the constraints of traditional point-of-sale systems. This level of mobility allows for greater versatility, making it ideal for on-the-go businesses like food trucks, market vendors, or service providers who visit customers at their locations.

Moreover, integrating mobile card readers with a mobile device provides additional conveniences for both the business and its customers. For instance, businesses can use smartphones or tablets to manage inventory, generate digital receipts, and offer personalized customer service, enhancing the overall shopping experience.

Cost-Effectiveness and Flexibility of Mobile Credit Card Readers

One of the primary concerns for businesses, especially small and medium-sized enterprises, is the cost associated with payment processing solutions. Mobile credit card readers offer an attractive cost-effective alternative to investing in expensive POS systems.

Rather than paying substantial upfront costs and ongoing maintenance fees, businesses can obtain affordable mobile card readers that charge minimal monthly fees or transaction-based pricing structures.

This cost-effectiveness, combined with the flexibility of mobile credit card readers, provides an appealing option for businesses seeking to accept credit card payments without breaking the bank.

Moreover, businesses can easily scale their payment capabilities by adding more mobile card reader devices or integrating them with their existing infrastructure, adapting to their evolving needs and growing customer base.

Embracing Mobile Payments

As more businesses recognize the advantages of using a mobile credit card reader and the growing trend of mobile and contactless payment options, the shift towards this payment revolution is becoming increasingly prevalent.

From small retailers to established enterprises, many businesses are now integrating a mobile card reader and mobile payment solutions into their operations.

The convenience, cost-effectiveness, and enhanced customer experience provided by mobile credit card readers are driving factors behind this transition.

As the technology continues to evolve, it’s likely that mobile credit card readers will become an even more integral part of the payment ecosystem, reshaping the way businesses and customers interact during transactions.

Embracing this mobile payment revolution is not just a business decision but also a strategic move to stay competitive and meet the evolving expectations of the modern consumer.

Contactless Payments

Contactless payments have revolutionized the way businesses accept credit cards and how customers make payments. This technology allows for fast, secure, and convenient transactions, making it an integral part of any mobile credit card reader.

How Contactless Payments Work with Mobile Credit Card Readers

Mobile credit card readers are small, portable devices that can be attached to a mobile device, such as a smartphone or tablet. These readers are equipped with Near Field Communication (NFC) technology, enabling them to accept contactless payments from customers’ NFC-enabled cards or mobile wallets.

When a customer wants to make a purchase, they tap their NFC-enabled card or smartphone on the mobile card reader, and the transaction is completed within seconds. This seamless process eliminates the need for physical card swiping or manual entry, saving both the customer and the merchant valuable time.

Benefits of Accepting Contactless Payments with Mobile Card Readers

Speed and Efficiency: With contactless payments and mobile credit card readers, transactions become significantly faster. The quick tap-and-go process ensures shorter queues and reduces waiting times for customers, leading to improved overall customer satisfaction.

Enhanced Security: Mobile card readers that support contactless payments adhere to the same security standards as traditional chip-and-PIN transactions. Additionally, customers retain possession of their cards throughout the transaction, reducing the risk of card cloning or fraud.

Versatility and Mobility: Using a mobile credit card reader is ideal for businesses that operate on the go, such as food trucks, pop-up stores, or delivery services. The compact and wireless design of these readers allows merchants to accept payments anywhere with a cellular or Wi-Fi connection.

User-Friendly Interface: Integrating contactless payment capabilities into a mobile payment processing app can provide an intuitive and user-friendly interface for both customers and merchants. This helps streamline the payment process and minimizes the chances of user error.

Increasing Customer Adoption of Contactless Payments

As contactless payments become more widely accepted, customer demand for the convenience they offer is on the rise. Shoppers appreciate the ease of tapping their cards or phones to make purchases, without the hassle of carrying cash or searching for their wallets. Businesses that embrace mobile credit card readers and contactless payment technology position themselves favorably in the eyes of tech-savvy consumers.

Future Growth and Trends

The future of contactless payments and mobile credit card readers appears promising. As technology continues to evolve, these solutions will likely become even more secure, faster, and compatible with a broader range of devices.

With advancements in biometric authentication and increased integration with mobile wallets, the reliance on physical cards may decrease further, making contactless payments the preferred method of transaction for many consumers.

Contactless payments have transformed the payments landscape, and mobile credit card readers have played a significant role in enabling businesses to accept these convenient and secure payment methods.

Embracing this technology allows merchants to offer an enhanced customer experience, improve transaction speed, and stay ahead in the competitive marketplace. As consumer demand for fast and contactless transactions continues to grow, adopting mobile card readers and contactless payment capabilities will become a crucial aspect of modern business operations.

The Role of NFC (Near-Field Communication) Technology in Mobile Credit Card Readers

NFC (Near-Field Communication) technology plays a crucial role in enabling seamless and secure in-person payments through mobile credit card readers. This short-range wireless communication technology allows data transfer between an NFC-enabled mobile device and a compatible credit card reader within close proximity, typically a few centimeters.

Simplifying Contactless Payments

NFC technology is at the heart of popular mobile payment services like Apple Pay and Google Pay. These mobile wallets allow users to store their credit card information securely on their smartphones, and with the help of NFC, they can make purchases by simply holding their phone near an NFC-equipped credit card reader. The transaction is swift and secure, offering an effortless payment experience for both customers and merchants.

Enhancing Security and Privacy

The use of NFC technology in mobile credit card readers ensures a high level of security during transactions. When a customer initiates a payment, the NFC-enabled device creates a one-time token, a unique encrypted code, that is sent to the credit card reader. This tokenized approach adds an extra layer of security as the actual credit card information is never shared during the transaction. As a result, sensitive card data is safeguarded from potential hackers, significantly reducing the risk of fraud or data breaches.

Compatibility with Mobile Devices

The widespread adoption of NFC technology in modern mobile devices has driven the popularity of mobile credit card readers that support contactless payments. Both Android and iOS devices come equipped with NFC capabilities, making it accessible to a broad range of users. This compatibility ensures that businesses can cater to a larger customer base, regardless of the type of device they use.

Expanding Payment Acceptance

For businesses, incorporating NFC technology into their payment process enables them to accept various mobile wallets like Apple Pay and Google Pay, expanding their payment acceptance options. By offering customers the choice to pay with their preferred mobile wallet, businesses can enhance customer satisfaction and increase the likelihood of repeat business.

Cost-Effective and Free Mobile Reader Options

With the increasing popularity of NFC-enabled payments, many payment processors offer free mobile readers that support NFC technology. These free mobile reader options are often compact and easy to use, making them an affordable and accessible solution for businesses of all sizes.

NFC (Near-Field Communication) technology has transformed the landscape of in-person payments and is a key driver behind the success of contactless payment methods like Apple Pay and Google Pay. Its role in mobile credit card readers has made it possible for businesses to process payments securely and efficiently while enhancing the overall customer experience.

As NFC technology continues to evolve and gain traction, its integration with mobile devices and credit card readers is likely to become more prevalent, reshaping the way we interact with payments in the future. Businesses that embrace NFC technology and offer contactless payment options position themselves to stay ahead in the ever-evolving world of mobile payments.

Stax Mobile Credit Card Readers

Stax offers EMV-compliant mobile credit card readers, ideal for merchants processing a higher volume (typically over $10,000 per month). You also have access to 0% markup processing compared to companies offering high flat rate percentages.

Stax contactless payment tools offer a robust series of features outside of accepting EMV transactions such as sending invoices, accessing business analytics, setting up recurring payments, and pulling up saved customer data anywhere in the world.

With the use of the Stax all-in-one payments platform, there are inventory capabilities for restaurants, bars, and retail locations to replace a traditional POS solution. Stax mobile card reader solution works for every business type needing to accept payments on the go.

How to Choose the Best Card Readers for Your Business

Stax Payment Pricing

Stax offers the industry’s first subscription-based pricing model with pricing plans starting at $99/month. How much you’re paying for credit card processing depends on your payment solutions provider. Many payment processors like Stripe, Square, PayPal, and bank merchant services offer flat-rate processing. Some others, including Stax, offer subscription-style processing that gives you access to the lowest rates of interchange.

Interchange Fees

Interchange fees are transaction fees charged by card-issuing banks to the merchant’s acquiring bank for processing credit and debit card payments. These fees are a crucial part of the payment ecosystem, as they facilitate the transfer of funds between financial institutions involved in a card transaction. In other words, interchange fees compensate the card-issuing banks for the risk and operational costs associated with providing credit or debit cards to consumers.

It’s important to note that interchange fees are not collected by your payment processor or bank; they go directly to the card-issuing banks. Your payment processor, however, plays a role in facilitating the transaction and deducts its own processing fee from the overall charge.

Why Interchange Fees Matter for Mobile Credit Card Readers

For businesses using mobile credit card readers to accept payments, interchange fees directly impact their bottom line. The fees are typically expressed as a percentage of the transaction amount, plus a flat fee per transaction. Since these fees are unavoidable when accepting card payments, understanding them is essential for merchants to manage their costs effectively and optimize their pricing strategies.

Factors Influencing Interchange Rates

Interchange rates are not fixed and can vary based on several factors. The exact structure and rates of interchange fees are set by card networks such as Visa, Mastercard, American Express and are subject to change periodically. Some key factors that influence interchange rates include:

Card Type: Different card types carry varying levels of risk and benefits, leading to different interchange rates. For instance, rewards cards or corporate cards generally have higher interchange fees compared to standard consumer credit cards.

Transaction Method: The way a transaction is processed can affect interchange fees. Transactions made via chip and PIN or contactless methods may have different rates than traditional magnetic stripe transactions.

Industry Type: Certain industries may be subject to specific interchange rates, depending on the perceived risk associated with their business. High-risk industries may experience higher interchange fees than low-risk ones.

Transaction Size: Interchange fees are often structured in tiers based on the transaction amount. Larger transactions might have different rates compared to smaller ones.

Merchant’s Processing History: The merchant’s track record and processing history can also influence interchange rates. Merchants with a history of chargebacks or fraudulent activity may face higher fees.

Understanding interchange fees is crucial for any business utilizing mobile credit card readers. By better understanding the factors influencing interchange rates and implementing smart strategies to manage these fees, merchants can optimize their payment processing costs and focus on providing a seamless and convenient payment experience for their customers.

Clover Payments

Clover provides point-of-sale hardware and software along with payment processing. As far as mobile payments, the company offers Clover Go, a compact mobile card reader that accepts all payment types as long as you have WiFi or data connectivity. The device also syncs with your Clover account and other devices, so all payments made through Clover Go can be tracked and accessed through your dashboard. Clover payment processing rates

In-person transactions: 2.6% + $0.10 per transaction Keyed-in transactions: 3.5% + $0.10 per transaction

Pro tip: If you’d still like to use Clover devices but want to access better processing rates, you can work with a third-party reseller like Stax. As their name suggests, resellers sell Clover’s POS solutions to merchants. However, instead of requiring you to process using Clover’s rates, resellers offer their own processing fees.

Square Mobile Credit Card Readers

Square is one of the most established companies in the mobile payments space. Its small mobile card reader connects to Android and iOS devices. Micro merchants and retailers who only use their mobile readers occasionally benefit the most from this product, due to the high flat fees charged per swipe. This payment processing method works with or without a connection, making it convenient for convention halls and other areas with poor connectivity.

Square Pricing

In-person and mobile card payments: 2.6% + $0.10 per transaction Online payments: 2.9% + $0.30 per transaction Keyed-in and invoice payments: 3.5% plus $0.15 per transaction

Intuit GoPayment

Intuit’s GoPayment service lets you accept and track payments including PayPal, cash, and checks through their mobile app. It also syncs up with your QuickBooks account. To use GoPayment, you’ll need a QuickBooks account. GoPayment allows users to choose between two pricing plans. The first plan is called Pay-As-You-Go and is targeted at businesses with sporadic or low processing volume. The second plan is called Pay Monthly & Save and is targeted at higher-volume businesses.

Intuit GoPayment Pricing

Intuit pricing for GoPayment’s Pay-As-You-Go option:

Swiped: 2.4% + $0.25 per transaction Keyed: 3.4% + $0.25 per transaction

GoPayment’s Monthly account gives users the option to pay a $19.95 monthly fee in exchange for per-transaction lower rates.

Swiped: 1.6% + $0.25 per transaction Keyed: 3.2% + $0.25 per transaction

PayPal Here

PayPal expands its online payment service with two mobile credit card readers and a flat-rate processing fee. The first reader connects to your device’s headphone jack and accepts swiped credit cards. The other option is a Bluetooth reader that’s EMV compliant and also accepts Apple Pay. Its app supports Windows, Android, and iOS. You benefit the most from this service if you’re a low-volume merchant looking for a way to accept chip cards and be EMV compliant.

PayPal Here Pricing

Swiped: 2.7% per transaction. Keyed: 3.5% + $0.15 per transaction

PayPal Transactions: 2.9% + $0.30.


Shopify’s service helps micro-businesses set up e-commerce stores, and they’ve branched out into mobile credit card readers as well. Its card reader works with Android and iOS mobile devices through the audio jack. It uses the same payment processor as your online Shopify store, so you get the same flat rate percentages through both channels. If you already use the Shopify platform, and you have an occasional need for a mobile payment process, you can get a lot out of this service.

Shopify Pricing Plans:

Shopify Basic costs $29 per month, with 2.9% + 30¢ per online transaction. Main Shopify Plan costs $79 per month, with 2.6% + 30¢ per transaction. Advanced Shopify costs $299 per month, with 2.4% + 30¢ per transaction.

Mobile credit card readers give your business a convenient, pay-anywhere option that customers enjoy. It’s important to keep in mind that the majority of mobile payment solutions cater to micro-merchants/low-volume merchants. Be sure to explore options such as Stax if you are a higher volume as the percentage markups most mobile payment solutions charge can seriously cut into your bottom line. You may take some time figuring out the best service for your unique business needs, but it’s worth the trouble to find a service capable of helping you grow your business.

At Stax, our modern payment services focus on going beyond ordinary merchant accounts. The all-in-one platform allows for mobile swipe capabilities through our Stax Mobile app. You can also key in payments or add the optional mobile reader to start swiping. Enjoy the ease and convenience of sending invoices and storing payment methods within the dashboard.

Contact us at Stax to request a custom quote and to learn how our solutions can help you keep up with mobile payments. We will be happy to help you find the right solution for your enterprise.

RELATED: The Best Mobile Card Readers for Small Business

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FAQs About Mobile Credit Card Readers

Q: What is a mobile credit card reader?

A mobile credit card reader is a small, portable device that attaches to a smartphone or tablet, allowing businesses and individuals to accept credit card payments on the go. It enables secure transactions through the mobile device, making it convenient for vendors, small businesses, and freelancers to accept card payments anywhere.

Q: How does a mobile credit card reader work?

Mobile credit card readers use technology like Bluetooth or a headphone jack to connect to a mobile device. When a customer swipes, inserts, or taps their credit card on the reader, it captures the card information securely. The reader then communicates with a mobile app, processing the payment and sending the transaction for authorization.

Q: Are mobile credit card readers secure?

Yes, reputable mobile credit card readers are designed with security in mind. They use encryption to protect card data during transmission, making it difficult for unauthorized individuals to intercept and misuse the information. However, it’s essential to choose a well-established and trusted provider to ensure the highest level of security.

Q: How much does a mobile credit card reader cost?

The cost of a mobile credit card reader can vary depending on the brand, features, and additional services offered. Some readers may be available for free or at a nominal cost, while others might have a higher upfront price. It’s essential to consider not only the initial cost but also any transaction fees or subscription charges associated with the reader.

Q: Are there any transaction fees associated with mobile credit card readers?

Yes, most mobile credit card reader providers charge transaction fees for each payment processed. These fees are typically a percentage of the transaction amount plus a small flat fee. Transaction fees can vary, so it’s crucial to compare rates when choosing a mobile credit card reader.

Q: What types of businesses can use mobile credit card readers?

Mobile credit card readers are well-suited for various businesses and industries, including retail stores, food trucks, pop-up shops, service providers, event vendors, and more. They offer flexibility and convenience for businesses that need to accept card payments on the move or at remote locations.

5 Reasons Field Service Professionals Need Mobile Payment Solutions (and How to Choose The Right Provider)

It is essential for field services businesses to improve their field service management (FSM) and keep their employees up to date with the latest technologies – like mobile payment solutions. The objective is to efficiently manage a team of service technicians and focus on increasing the value of your business.

From cloud connectivity to real-time ticket management, proper utilization of technology can add value to your field service management by saving time, minimizing hassles, and increasing efficiency. That is why the field services sector often makes use of the latest advancements in technology.

The field service management industry is massive. It’s expected to be worth nearly $30B by 2031, and technological optimization is driving that.

With this in mind, it is no surprise that mobile payment solutions and field service apps are also rising in use left, right, and center. This is not only for the sake of operational progress but also due to the advantages that these solutions offer in improving FSM processes. Updating your technology is more than just preventative maintenance – it’s how you’ll get your business to the next level.

To help you learn more about how mobile app payment solutions can benefit your business, here are five reasons why mobile payment systems are a critical part of your mobile field service toolkit.

1. It Improves Revenue Generation Processes

One of the biggest challenges that your field service employees may face comes with collecting timely payments from customers.

More often than not, you have to have more than one department to communicate with customers to complete the payment collection process. This aspect takes away from your employee’s time on multiple fronts and adds unnecessary steps to the process.

By setting up mobile payment solutions through your field service app, your operations employees can collect payments and customer signatures immediately and on-site. This way, you can cut down the processing times accordingly. Streamlining will also improve your customer experience.

2. A Field Service App Makes Your Payments Safer

Field service employees who do not have mobile app payment solutions or supported devices often need to accept payments in cash or check. This component creates a liability on your business until your accounts or finance departments receive the cash or check at their end.

By accepting payments from mobile solutions, you can make these payments safer. Since you are receiving payments directly from customers into your business account, it exposes your business to less risk.

3. You’re Able to Digitize Your Processes

For your employees, conventional payment processing comes with additional paperwork, which is crucial for your accounts department. If any piece of information is lost from your service history records, it can cause several compliance issues.

Using a field service app (especially one that offers mobile payment solutions) helps you digitize your processes. For instance, you can capture and save invoices through the solution, as well as related data for your records. When you combine this with technologies such as cloud storage and work order management, you can benefit from wireless connectivity to a large extent.

4. It Improves Efficiency

Mobile payment solutions improve efficiency by a large margin. Your employees do not have to go through redundant processes, manage paperwork, and wait for confirmation from backend systems when performing service work or writing up service reports.

As a result, your employees can complete more visits and complete more service requests in a single day. This aspect leads them to be able to manage a higher number of customers as well as exceed customer expectations.

5. A Field Service App Saves Costs

From faster payments to improved efficiency, these benefits come together to provide you with higher productivity at lower costs.

By making mobile app payment solutions a part of your field service app,  you will not only cut costs and increase your overall profitability but will also improve your FSM processes.

How to choose the right provider

Choosing the right payment provider for your field service application is a big decision – and there are some key considerations.

First and foremost, is to make sure that your payment provider is able to process payments when offline. Given that FSM pros are likely to get themselves into scenarios with no wifi or even mobile data, the provider’s offline capabilities are a key consideration.

After that, you’ll want to consider:

  • If the payment provider is able to integrate with your field service management software (or other tools you use regularly). Ideally, your service team should be able to work seamlessly on work orders from their mobile device, without having to switch between a variety of software like their field service mobile application, the CRM app, and the the payment provider’s app.
  • The provider’s reputation and customer service offerings. Payments are a critical aspect of field service businesses, and customers will not be happy if payments are held up and experience poor support.
  • The provider’s ease of use, not just for admins, but for field users as well. 
  • The payment options the provider accepts (ie beyond credit card transactions, does it take mobile payments like iOs’ Apple Pay?).
  • The automation features that the provider offers. For instance, do they have invoice templates? Will it speak with not just your field service solution, but also automatically update any inventory management system you may be working with?
  • The provider’s pricing.

Take the Next Step with Stax

The Stax Platform is a smart solution for businesses that take payments online or over the phone. With simple invoicing, recurring charges, and online bill pay, you’ll get paid faster with Stax.

At Stax, our mobile payment solutions are built with Apple and Android mobile app functionalities to help improve your on-the-go operations. With cloud connectivity, real-time updates, and faster processes, you can count on Stax and its mobile payment systems to accept payments anytime, anywhere.

Whether you are looking for a mobile payment system for your new business or need our suggestions on improving your current operations, don’t hesitate to reach out to Stax today to see how it works for your workflows and business needs.

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What’s the Best Payment Processor for Small Business?

As a business owner, the number of executive decisions that need to be made on a day-to-day basis can be scary at times. Hunting for a payment processor provider for your business shouldn’t be one of those things. When digging through the thousands of solutions that are meant to help you accept payments, finding the right tools is a priority but it’s not everything.

Knowing what to look for and what to avoid can help take the fear out of finding the right payment processor, making the decision a lot easier. We want to help prevent you from making a decision that will haunt you so we’ve put together a list of options to consider when looking for the right payment processor.

Make Sure The Payment Processor Technology isn’t Dead and Buried

A payment processor is only as good as their customer service and their payment technology. If the terminals and tools they are offering provide more problems than solutions, it’s time to find a better processing services provider. Standard payment solutions nowadays must include mobile and touch-free options.

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. 

That said,finding a simple way for your business to increasingly expand its payment offerings to support new customers is an ongoing challenge. Implementing a Unified Payments Platform is a future-proof solution that provides access to multiple payment methods through a single streamlined integration.

Stax’ integrated payment platform sets a new standard in payment technology. We offer the most streamlined payment platform experience, revolutionizing online payments to support small to medium-sized businesses all across the U.S. Our all-in-one API allows you to accept card present and card not present transactions, and you’ll have access to the best apps and tools in our app marketplace. Most importantly, because all of the payment methods run through a single platform, all of your data is accessible in a single place, making it easy to quickly understand the health of your business.

Hidden Payment Processor Fees are a Nightmare

When you’re trying to grow your business the last thing you need is an endless stream of extra payment processing fees killing your revenue generation. Don’t let hidden payment processing fees be the death of you.

One way to make sure you’re not being price gouged is by shopping around for the best rates and making sure you ask specifically about extra fees not included in the base rates. Too many processors bundle and hide fees within other charges including everything from PCI compliance to setting up your account. Average credit card processing fees range from 1.7% for swiped card payments up to 3.5% for keyed-in transactions.

Interchange Plus Pricing

A small fixed fee (between $0.10 and $0.50), plus a percentage of each purchase (between 1% and 3%) on top of the interchange fees charged by the card issuers.

Tiered Pricing

A tiered model puts credit card transactions into several categories—qualified, mid-qualified, and non-qualified. Qualified rates come from when a customer meets a processor’s criteria for the easiest, most secure transaction (swiping/inserting a card in-person). The other tiers come from having to key in the card’s details, or when a customer pays online. Tiers can also vary by card type, making this the most confusing and least transparent pricing structure.


Each card type has the same rate, typically 2.9% plus a transaction fee between 10 and 30 cents. While this seems like it may be the most straightforward at face value, it can be a very expensive pricing structure as you will pay the same rate to accept a debit card as a premium rewards credit card. The actual cost to accept a debit card is around 1%, whereas a premium rewards credit card can easily be 2.5%, but in a flat rate structure, you’ll pay the same (typically 2.9%) for both, resulting in a significant markup on many card types. So while it may be simple, it typically results in higher overall processing costs for most established businesses.

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This model uses a flat monthly membership fee, which then gets the business access to the direct wholesale cost of credit processing from Visa and Mastercard. After the monthly membership, the business only pays the wholesale cost (interchange) set by the card issuers so that the business is never overpaying for processing. This is the pricing structure that we use at Stax and established businesses that process over $7,000 per month typically see significant savings compared to the other traditional pricing structures.

Payment Processor Fees to watch out for:

  • Credit Card Terminal Fees
  • Setup Fees
  • Early Termination Fees
  • Reprogramming Fees
  • PCI Compliance Fees
  • Address Verification Fees
  • Chargeback and Retrieval Fees
  • Payment Gateway Fees
  • Statement Fees
  • Batch Fees

They Offer Security So Good It’s SCARY

There can potentially be a lot of risks involved when accepting payments today. Providing the highest level of security with complete encryption and various layers of fraud prevention tools provides an additional layer of comfort to your customers. Card information is encrypted on all of our processing devices and never stored after the transaction is completed. Stax’ state-of-the-art cloud architecture is constantly tested for vulnerabilities to ensure the safety and security of that sensitive data.

Their Customer Service is ALIVE

Talking to a physical person when you have an issue or a question is slowly dying due to the implementation of automated systems in the early 1980s. When issues arise the last thing you want is to fumble through automated options hoping to get in touch with someone who can actually help you. Time is money, especially in this case.

Stax offers in-house customer service. When you call during business hours, you will speak with someone who knows our product and is always happy to help. From training to troubleshooting, we are the company to choose if you appreciate a human touch to your customer service needs.

You Might Also Like: What is ACH Payment Processing?

The Top 10 Payment Processors Small Businesses Need To Know

Now that you know what to look for, here are the best credit card processing companies that small business owners should consider as they look for the right solution for their business needs. (All processors on the list not only accept traditional payments from things like American Express, Mastercard, and Discover cards, but also mobile payments.)

1. Stax

We’ve already talked a lot about Stax, but to sum it all up: Stax offers a fairly unusual subscription pricing model, rather than the standard per transaction model. This pricing model makes us an ideal payment processing company for high-volume businesses. We sell our own payment processing terminals, but Stax also seamlessly integrates with other payment terminals and many point-of-sale solutions. And as we noted, we offer top-notch customer support and the highest level of PCI-compliance in the industry.

Don’t take it from us, though. Take it from all of our happy customers. We’ve got a 95% customer satisfaction score, a 73 NPS score, and a 9.2 rating on Trustpilot. Henry on Trustpilot put it best: “We have been doing business with this processing company for many years. We love to give them our business because they are very responsive.” Plus we’ve got a bunch of rave reviews for our customer support team on Trustpilot. 

2. Square

Square is best known for their iconic white square credit card readers that plugged into the headphone jacks of mobile devices. Around 2014, the Square Reader took off amongst small merchants trying to take credit card payments because the mobile card reader is free and it required no contract to use the processor or virtual terminal. Square made it possible to start taking in-person transactions same day. Its pricing structure is also a very straightforward flat-rate, with no PCI-compliance fees. And while it still serves primarily the small business or low-volume market, its functionality as a merchant services provider has grown to support mid-size businesses.

3. Shopify

Shopify is a behemoth in the eCommerce space.  In fact, it’s the most popular eCommerce platform. And now, Shopify Payments can power both online transactions and in-person sales. For online stores already running Shopify online, using Payments in-store is an easy way to get started taking credit card payments in-person. The Shopify universe includes not just eCommerce software, but a POS system as well. While it will integrate seamlessly with a Shopify store, the in-person payment processing system is still fairly new and not as robust as other solutions on this list. 

4. Payment Depot

Like Stax, Payment Depot runs on a monthly subscription pricing model. They offer 24/7 customer support, no long-term contracts, no PCI-compliance fees, and an online dashboard to manage payments. It integrates with Clover’s POS solution for in-person sales and Authorize.net for online sales. (If you’ve already got hardware other than Clover, Payment Depot’s team will work to create the integration you need.) Payment Depot is not only well-priced, it has excellent customer support.

5. Stripe

Stripe is one of the more well-known payment processors because it’s very easy to get started taking payments on it. However, Stripe truly shines in the fact that it’s extremely developer-friendly. For businesses looking to create totally unique integrations with their payments systems, Stripe is an ideal solution. Of the payment processors, it was also one of the earliest to take mobile wallet payments like Apple Pay and Google Pay. All this tech-savviness can be a real downside, though. For small businesses looking for a straight-forward payment processing solution, the sheer volume of stuff Stripe can do can be very overwhelming and confusing once you’re in the dashboard system.

6. PayPal

Originally a peer-to-peer payment platform, PayPal has grown into an absolute powerhouse in the payments world – offering merchant accounts as well as customer accounts. They offer a flat-rate pricing structure. Because the system is extremely well known at the consumer level, the name also inspires trust with customers. They now also offer POS hardware through its subsidiary, Zettle. The first card reader you purchase comes at a steep $50 discount. PayPal IS known for its hidden fees and poor customer service – so that should be something that you are prepared for.

7. QuickBooks Payments

For merchants who love QuickBooks, Intuit now offers a payment processing service. It’s a combo of subscription and flat-rate pricing structures. That is, you have to have a QuickBooks Online subscription to use Payments and then the actual pricing of Payments is a flat-rate per transaction model. It should be noted that QuickBooks Payments doesn’t offer phone support. It does, however, offer instant transfers for no additional fee when you have a QuickBooks Cash account. Overall, for those who want to live in the QuickBooks universe, Payments is an easy and obvious add-on. 

8. Clover

Much like Square, Clover is a credit card processor that offers native hardware options with integrated flat-rate payment processing. This makes them an ideal solution for very small businesses who need an easy all-in-one POS software and payment processing system. (You may also have noticed them earlier on the list. Unlike Square, you can utilize their POS hardware integrated with a variety of other payment processors if you prefer.) However, unlike a number of other solutions on this list, Clover’s payment processing will take at least a few days to get up and running. You have to get the solution through a sales rep. As a result, it also lacks pricing transparency on it’s site.

9. Dharma Merchant Services

Dharma Merchant Services is best known for providing great discounts to nonprofit organizations. (And for donating a large portion of their profits to charity.) However, they are also well-enough priced that other small businesses may enjoy them. They have interchange-plus pricing, with no long-term contracts. Dharma also can be used on Clover hardware. It should be noted that in addition to a $25 chargeback fee, Dharma also charges a $5 retrieval fee when a customer disputes a transaction. Additionally, they do not charge an early termination fee, but they DO charge a $49 account closure or cancellation fee.

10. Helcim

Helcim provides full-service merchant accounts without a monthly fee. They instead operate on interchange plus pricing. This makes it an ideal transition for growing small businesses from simple payment processing to merchant accounts. Helcim also offers robust inventory management integrations, making it an ideal solution for those merchants who put their inventory system at the heart of their operations.

It should be noted that Helcim has a larger than usual list of prohibited customer-types, which generally include only high-risk merchants. Businesses like psychics and consumer bankruptcy law firms, for instance, appear on the list.


How Stax Takes The Fear Out of Payment Processing

With top-rated customer support, optimized payment technology, and the highest level of PCI compliance, Stax takes the fright out of finding the right payment processing solution. We offer you subscription-based credit card processing at a direct cost. This means zero markups, zero hidden fees, and no contract.

To learn more about Stax payment processing services reach out to a payment consultant for a consultation today. We will be glad to answer any questions you may have and help you make use of our state-of-the-art integrated payment solutions right away.

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How To Get Paid On Time: 8 Tips For Field Service Professionals

Running an operation is not an easy task for field service professionals. Even when you do stellar work and perform the tasks as expected, you often have to chase your clients to get paid for a job well done.

But as tricky as the process might seem, it is still not without its workarounds. By following tips such as turning to merchant account providers and tweaking your invoicing practices, you can shorten the gap between completing your work and getting paid for it.

Here are 8 of the best ways in field service management (FSM) to get paid on time and to help you navigate this uncertain yet manageable world of payments.

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Turn to Mobile Payment Solutions

More often than not in FSM, clients delay making payments due to an absence of cash. Sometimes, they don’t have funds readily available. At other moments, it may be due to friction in the process such as lack of time or other issues that may prevent them from paying on time.

In these situations, you can turn to mobile merchant payment solutions to help you fix these issues. By making use of mobile transaction terminals, your field service team can provide your customers with a more convenient way to quickly process a credit card payment right at the job site. This improves your customer experience and thus increases your customer satisfaction.

In addition to that, you can also make use of modern mobile app payment solutions, which let you turn any mobile device into a payment terminal. By using dedicated apps from your merchant account providers, you can even use your Apple or Android device to accept payments with ease. If you use a payments solution that integrates with your field service management software, you’ll be able to seamlessly manage your work orders from beginning to end.

Perhaps the best part of having your field workers accept mobile credit card payments? You get paid in real-time!

Know Who to Contact For Field Service Professionals

Even when you know the company or individual you have rendered your services to, it doesn’t mean that you know the actual person who is providing payment for the bills.

To get paid on time, you must know this information. Whether you are using online payment methods or mobile payment solutions, knowing exactly who to send the invoice to helps you steer clear of gatekeepers and potential delays.

This simple practice helps you get your payments processed promptly and keeps your company account from depleting when it shouldn’t have to. Store this contact’s information in your CRM portion of your field service management solution to keep it on file.

Digitize Your Invoices

Paper invoices sent by snail mail are a thing of the past. Send invoices digitally via your payment solution instead. Customers find this much more convenient. Some payment service providers may even be able to create self-service customer portals for easy, safe payments. This sort of optimization empowers you to focus on your field operations and service workers.

Keep the Invoice Simple

While it is essential to know who to contact for your payments, it is also imperative to learn how to reach out to them.

Here, it is best to keep your invoice as concise as possible. Keep things clear in terms of billable hours and rendered services. But make sure that you do not overcomplicate by adding in any unnecessary details. This applies equally to any type of payment request, whether you are using traditional merchant services or mobile merchant payment solutions.

It’s because the more details you give to your clients, the more time they will take to understand them. The simpler your invoice is, the faster it will get processed.

Don’t Feel Ashamed in Asking for Quick Payments

Regardless of the kind of services you provide, you offer them in exchange for a set compensation. You know that if you do not receive your payment on time, it can affect your business operations. Keeping this in mind, don’t hesitate to ask for your funds when you deliver the services.

As long as you keep your tone professional and courteous when asking for payment, it shouldn’t affect your relationship with a client. Find out their preferred method to pay and honestly recommend the quickest way for them, and for you, to process their payment.

When you have delivered quality work, your client won’t hesitate to turn to your preferred mobile app payment solutions to transfer payments quickly.

Keep Communication Open

One simple yet effective tip after sending the invoice is to keep yourself available for any questions or clarifications. Mentioning your availability when invoicing, along with your hours of operation, is always a good practice.

This way, your clients know that they can quickly reach out to you to get any questions answered.

Automate Your Invoices

For clients that you service on a regular basis, you can set your invoices up to go to them automatically. Not only does this streamline your back-office workflows by removing a routine chore for you, but it ensures that the invoice gets to your client in time every time. If your invoicing solution is integrated with your field service software you may also be able to set it to send the invoice at the time that your field service technicians close out a work order.

Follow Up On Unpaid Invoices

Don’t be afraid to reach out to customers who haven’t paid yet. Depending on your payments solution, you may even be able to automate notifications to their email or SMS to remind them to pay an invoice. Consider leveraging late fees, as well, when a payment is delayed past a certain date.

When coupled with a capable mobile merchant payment solutions provider that integrates with your FSM software, these tactics can help your field service operations business get your invoices processed quickly and easily, while meeting customer expectations for a modern business (particularly one with a mobile workforce). At Stax, we specialize in integrating our conventional and mobile payment services to operations of any scale, greatly increasing operational efficiency with our software solutions. A digital transformation might be just the thing you need to reinvigorate your customer lifecycle. To learn more about how Stax can help you get paid on time, reach out for a custom pricing quote today.

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Explained Simply: What is a Merchant Services Provider?

Your Merchant Services Provider is a vital partner that can help you operate and grow your business. They facilitate credit card processing and provide other important services for your business. Essential services offered by a merchant services provider include:

Accepting payments from your customers via credit, debit, and electronic payments allowing for seamless transactions.

Securely managing PCI compliance when processing and storing payment information for your business, making your customer data safe.

Providing your business with technology to track payments, understand business data, and collect outstanding invoices.

Let’s get back to basics to understand the definition of a merchant.

In This Article


  • Merchant services companies provide businesses and individuals with the tools and requirements to accept credit cards, debit cards, and other forms of electronic payment for transactions to take place. 
  • The products that merchant service providers offer to businesses in order for them to actually be able to accept and process payments in a way that works for them and their customers.
  • A Merchant Services Provider grants you the technology and information your business needs to optimize operations. You can learn a lot about your business from the payment data provided to you by your Merchant Services Provider. 

What Is a Merchant?

“Merchant” is a term used by payment processors to refer to their customers. Customers, or merchants, are businesses that accept credit card payments from their clients in-person, online, or over the phone. A Merchant Services Provider offers products and systems to help those businesses run smoothly.

These products and services often integrate with the business tools you already have. For instance, your payment provider may connect to a POS system for your retail store or to your QuickBooks Online for reconciliation. Merchant Service Providers can also provide customer management, inventory systems, and payment reporting.

Who Is Considered a Merchant?

A merchant represents a person or company that sells goods or services. Merchants can sell items in-person or online (sometimes called an eCommerce merchant). Most merchants today operate both in-store and online.

Different Types of Merchants:

  • eCommerce Merchant: A merchant who sells items online.
  • Retail Merchant: A merchant who sells items that they purchase from manufacturers.
  • Wholesale Merchant: Merchants/manufacturers who sell items to retail merchants. 
  • Affiliate Merchant: Merchants who use affiliate networks to sell goods.
  • Direct-to-consumer (DTC) Merchant: Merchants who sell items to consumers that they themselves create.

DTC merchants have become quite common in recent years, as selling goods on the internet has a very low barrier to entry. Most DTC companies are still wholesale merchants, selling their items to retailers who then sell the item to the consumer. 

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What Is a Merchant Account?

A merchant account is a bank account specifically established for business purposes where companies can make and accept payments. Note that a merchant account isn’t the typical bank account. This is a basic assumption that poses a lack of clarity for most business owners. Merchant services accounts allow businesses to accept credit and debit card transactions or other forms of electronic payment from customers, with the aid of a payment gateway.

Merchant account services often come with added fees, but also an array of services. Most often the merchant has to cover the transaction fees from payment processors, the credit card association, and the issuing bank for the merchant account. To that effect, it’s perhaps savvier for the merchant to look out for an option that’ll help cut down the cost per transaction.

On the other hand, a low processing fee doesn’t guarantee reliable service and support in the long run.

Merchant Account Provider vs. Merchant Services Provider

While the two entities overlap quite a bit, there are some distinctions between merchant services and merchant account providers.

The former is a much broader term that’s used to describe an organization that has various offerings for merchants—including payments, technology integrations, businesses services, etc.

Merchant account providers typically stick to helping businesses set up their merchant account—i.e., the type of bank account that enables you to accept credit and debit card payments.

In many cases, these terms are used interchangeably.

How Does Merchant Services Work?

Merchant services companies provide businesses and individuals with the tools and requirements to accept credit cards, debit cards, and other forms of electronic payment for transactions to take place.

There are thousands of merchant service providers in the U.S alone. From ISOs and third-party merchant services providers like Square, Stripe, Paypal, and Stax to big bank-operated merchant services (Bank of America, Wells Fargo, Chase Bank) each company offers its own tools, services, and fees. Depending on the size of your business, one model will be more expensive than another.

How Easy Is It To Open a Merchant Services Account?

A merchant services account establishes a business relationship between a merchant services provider and a business. Doing so provides the business with the ability to accept debit and credit cards, contactless payments such as Apple Pay, eCommerce transactions, and more. Some payment processing companies like Square don’t require a merchant services account in order to do business with them.

Not having a merchant services account can be a risky choice. Payment processing providers such as Square often accept higher-risk business clients that wouldn’t normally qualify for a merchant account. That increases the risk for the payment processor. If your business falls into that category, you’re more likely to experience an account hold for certain transactions. If the payment processor decides to no longer assume that higher risk, they can simply cancel your account leaving you unable to accept payments from customers.

Merchant Services Products

The next essential part of what makes up “merchant services,” is the different tools available for payment processing. The products that merchant service providers offer to businesses in order for them to actually be able to accept and process payments in a way that works for them and their customers.

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What are the Contactless Payments

Contactless payments include credit and debit cards, Apple Pay, Android Pay, Google Pay, Fitbit Pay, and other devices that use near field communication (NFC) or radio-frequency identification (RFID).

Pay on-the-go with Mobile Payments

Mobile payments are payments made for a product or service through a portable electronic device such as a tablet or cell phone. Mobile payment technology can also be used to send money to friends or family members with applications such as PayPal and Venmo.

Swipe, Dip, and Tap: Credit Card Terminals

A Credit Card Terminal also called an Electronic Data Capture Terminal or EDC Terminal is an electronic device that enables merchants to accept credit cards allowing customers to swipe, dip, or tap their credit or debit card to make a payment.

Online Shopping Made Easy: eCommerce Solutions

eCommerce is the activity of electronically buying or selling products on online services or over the Internet. From accepting credit cards and debit cards online to set up your customized web store, eCommerce solutions can bridge the gap when in-person payments are not an option.

Boost Sales with Virtual Terminals

A virtual terminal is a software application for merchants that allows them to accept payment with a payment card, specifically a credit card, without requiring the physical presence of the card.

Upgrade Your Business with POS Systems

A point of sale system, or POS, is the place where your customer makes a payment for products or services at your store. Simply put, every time a customer makes a purchase at your store, they’re completing a point of sale transaction.

Secure Payment Gateway

A payment gateway is a piece of software that works with your website or eCommerce store and allows you to take and process secure credit card payments online. The payment gateway serves in the place of a credit card terminal.

Secure Payment Processing with Merchant Services Provider

A Merchant Services Provider functions as the intermediary between banks, your business, and your customers. This allows you to confidently accept your customers’ preferred form of payment. With a Merchant Services Provider, you can depend on this payment arriving securely in your bank account.

When a customer swipes a card, the Merchant Services Provider moves the customer’s funds to your bank account. The funds will typically appear in your bank account within 48 hours. Many businesses do qualify for next-day funding and can get paid even faster.

Your Merchant Services Provider is where you will purchase or rent credit card terminals and mobile swipers. If you have an online business, they will seamlessly integrate with your eCommerce store. Virtual terminals let you accept payments online or key in payments over the phone. Your Merchant Services Provider will help you find the right payment processing services for your business.

Secure Payment Merchant Services Provider | Nfc Security

Secure Payments: Prioritize Payment Security

Payment Security is vital for businesses processing credit card transactions, online payments, and maintaining card number storage. There can potentially be a lot of risks involved when accepting payments today. According to one Nilson report, 2021 card fraud losses in the U.S. totaled $11.91 billion, an 18% increase over $10.09 billion in 2020. Through Payment Security, a Merchant Service Provider can help you and your clients conduct business transactions safely and securely.

Your Merchant Services Provider can help you ensure PCI compliance. This means that cardholder data stored by your business, including names and card numbers, is secure. Businesses can be proactive in protecting data by using strong passwords and updating their antivirus software regularly.

Meanwhile, your Merchant Services Provider will maintain PCI compliance on the payment end of your business. This includes tokenizing payment information and protecting your business by putting fraud prevention measures in place. Learn more about how Stax protects your payments.

Technology Provider

A Merchant Services Provider grants you the technology and information your business needs to optimize operations. You can learn a lot about your business from the payment data provided to you by your Merchant Services Provider.

  • Which customers are spending the most time and money with you?
  • What times of day, month, or year are you collecting the most payments?
  • Are there products or services on which you could increase your revenue?

Important Questions to Ask Your Merchant Services Provider:

  • How are your equipment costs structured?
  • What are your processing costs?
  • Are there any other costs or fees?
  • What kind of contract is required?
  • What kind of reporting and statements are offered?
  • Is all of your equipment PCI DSS compliant?

Which Merchant Service Is Best?

Every cent counts towards improving your business operations. This is why finding the best merchant service provider is so important. If you need to grow your business and serve your target market, then you need to have proper merchant services in place. There are over 1000 payment processing companies in the U.S. Here are a few things to consider while choosing payment processing platforms for your business.

With all the changes occurring in the economy, it’s imperative to provide a myriad of payment options to your customers. Payment processing solutions such as mobile payments, virtual terminals, and touch-free or contactless payment solutions expand revenue generation opportunities and give your customers a more seamless experience.

In some cases, it also makes sense to partner with a company that offers payment services beyond credit cards. Payments types like ACH and Text2Pay are quickly gaining steam, so it makes sense to use a provider that supports these modes of payment.

What Should You Look for in a Merchant Services Provider?

While looking for a merchant services provider, make sure to take note of their costs. Depending upon the kind of solutions you need, you will most likely have to keep the following charges in mind.

  • Setup Fee
  • Equipment Fee
  • Monthly Fee/Service Fee
  • Transaction Fee
  • Credit Card Processor Fee

Payment Processing Pricing

Flat Rate: Suitable for small retail businesses and startups with a low sales volume, the flat rate is a fixed percentage that’s based on a charge when processing payments. This pricing model is quick and easy to set up and has the best ease of use

Interchange-Plus Pricing: Each credit card issuer such as Mastercard and Visa has specific interchange rates for each card type whether it be CNP or Card present transactions. With the interchange-plus pricing structure, the processor adds a markup to the interchange and takes a cut out of each sale.

Direct Interchange: A direct interchange fee is one where the merchant charges a one-off monthly fee without any percentage rate. It’s not the best for small businesses that generate low volumes of sales.

Tiered Rates: Tiered rates are grouped in different structures that separate each card type(Visa, Mastercard, Discover). It’s not the most convenient for small to medium-sized businesses. Since the fees fluctuate this is not an ideal option for B2C transactions.

Additional Fees to Watch Out For:

  • Account fees
  • Minimum processing fee
  • Statement fee
  • Account setup fee
  • Cancellation fee
  • Chargeback fees
  • NSF fee
  • Early Termination fee

Don’t Forget About Customer Support

Be sure to vet the customer support offerings of a merchant services provider. Payment processing has several moving parts, and tech issues may arise. In these instances, you want a knowledgeable partner who has your back and can ensure that everything runs smoothly.

When selecting a provider, look into their customer service capabilities. Is support available 24/7? What platforms or channels can you use to access the info you need? What are other merchants saying?

The answers to these questions will help you gauge a provider’s reliability when it comes to customer support.

Final Words

Ranked one of the best merchant services companies of 2023, Stax has disrupted the payments industry with our subscription-based pricing model. Stax is a subscription-based merchant service provider with total transparency built into its model. All merchants have access to direct cost payment processing with 0% markups, no contracts, and no hidden fees.

We believe that all of this useful data should be placed in the hands of business owners like you. You can increase your knowledge and make strategic decisions that will positively impact your business. That’s why we built Stax, our all-in-one payment platform. With Stax, you can track payments, create payment links, and collect invoices in one place. Plus, you can also view detailed reports about the state of your business at any time.

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Quick FAQs about Merchant Services Provider

Q: What are the essential services provided by a Merchant Services Provider?

  • Accepting credit, debit, and electronic payments
  • Securely managing PCI compliance
  • Providing technology for payment tracking, business data interpretation, and invoice collection

Q: What is a Merchant Account?

A merchant account is a specialized bank account created for business purposes, allowing companies to make and accept electronic payments, including credit and debit card transactions, with the assistance of a payment gateway.

Q: What’s the difference between a Merchant Account Provider and a Merchant Services Provider?

Merchant Account Provider solely helps businesses set up their merchant account, while a Merchant Services Provider offers a broader range of services, including payments, technology integrations, and business services.

Q: How do Merchant Services work?

Merchant Services Providers supply businesses and individuals with the tools and requirements necessary to accept credit cards, debit cards, and other electronic payment forms for transactions to occur.

Q: What types of payment processing products do Merchant Services Providers offer?

  • Contactless Payments (NFC/RFID)
  • Mobile Payments
  • Credit Card Terminals
  • eCommerce Solutions
  • Virtual Terminals
  • POS Systems
  • Payment Gateway

Q: How do Merchant Services Providers ensure payment security?

Merchant Services Providers use measures such as PCI compliance, tokenizing payment information, and fraud prevention to create a secure payment environment.

Q: How can a Merchant Services Provider help optimize business operations?

By providing valuable payment data insights, Merchant Services Providers can help businesses understand customer spending habits, peak payment periods, and potential areas of revenue growth.

Q: What should a business consider when choosing a Merchant Services Provider?

  • Costs (setup fee, equipment fee, monthly fee, transaction fee, processor fee)
  • Support for various payment types (credit cards, ACH, Text2Pay)
  • Customer support availability and quality
  • Payment processing pricing models (Flat Rate, Interchange-Plus, Direct Interchange, Tiered Rates)
  • Additional fees (account fees, minimum processing fees, statement fees, contract cancellation fees, etc.)

What is Business to Business ACH and How Does It Work?

No matter the industry, any company will have significant dealings with other businesses. Whether that is procuring goods or services from a supplier, or working with utility providers, business to business (B2B) transactions are a significant part of daily operations.

When it comes to paying these other businesses, many small businesses still use paper checks or card payments to purchase merchandise and supplies and to pay recurring bills. Though this gets the job done, there is another payment processing option small, medium and growing businesses should consider for their business to business transactions–ACH payments.

We often write about ACH payments and how it can save time and money and is a useful way to ensure recurring billing happens smoothly. Additionally, Automated Clearing House (ACH) payments are likely already in use if your business, in the form of direct deposit payroll.

That being said, while ACH payments certainly make things like customer subscriptions and bill pay easier, it’s worth noting that this payment method is also used in B2B settings. In fact, ACH payments can be massively beneficial given the high transaction values between businesses.

In this post, we’ll take a closer look at business to business ACH transfers. We’ll shed light on how they work and cover the basics of how your business can benefit from B2B ACH payments.

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What is Business to Business ACH?

We can break down business to business ACH payments into two categories:

ACH credits, which are funds added to the bank account of the recipient; and ACH debits, which are funds debited from the originator, or business that is making the payment.

These transactions are processed through the Automated Clearing House Network in the same way as business-to-customer transactions.

How Does B2B ACH Work?

There are four steps in business to business ACH transactions: authorization, transaction initiation, payment request, and payment processing.

These transactions are processed as follows:

  1. In the authorization stage, the transaction originator fills out a form authorizing the funds to be debited from their bank account. This form requires the payee to input their bank account number and routing number, along with other payment details.

In a B2B context, this could mean sending a business client an authorization form or a link to a portal where they can enter their banking information. Let’s say you’re a law firm that recently landed a corporate account.

You would need to interface with the company’s Accounts Payable department and ask them to provide the necessary info so you can initiate B2B ACH transactions.

  1. Next is transaction initiation, where the receiver sends the payment and banking information to the ACH provider or financial institution. This is known as the ODFI, or Originating Depository Financial Institution.

Let’s go back to the above example: when it’s time to initiate an ACH payment, the law firm transmits an ACH debit request to its bank, which is considered the OFDI.

  1. Then, the payment request is sent from the ODFI to the transaction payee’s bank, which is known as the RDFI or Receiving Depository Financial Institution.

In our example, the OFDI communicates with the RFID (the client’s financial institution) to pull the funds.

  1. Finally, the payment processing stage is where the RDFI confirms that sufficient funds are present in the originator’s account and proceeds to process the transaction.

Benefits of ACH Payments Over Credit Cards And Other Payments

There are several benefits of ACH payments, chief among them being faster delivery compared to a paper check, and lower credit card processing fees—both resulting in a cost-effective, faster payment option for businesses.


For businesses paying bills or ordering supplies and merchandise via paper check, processing times are much longer than with an ACH payment. Some ACH payments process the same day or within 1-2 business days.


This speed is important, particularly for businesses that want to be more agile. When you need to make fast decisions and get deals moving quickly, the rapid delivery of funds is a must.


There’s also the matter of processing costs. Transaction values are typically higher in the business realm, as companies tend to order higher volumes of merchandise and are more likely to purchase high-ticket services (e.g., consulting work, legal services, etc.).


Payment processing comes with a cost, but the good news is that the expenses that come with processing ACH payments are typically lower compared to methods like credit cards. (More on this below.)


Lastly, ACH payments can help B2B companies serve clients better, given the increasing popularity of the payment method. According to the National Automated Clearing House Association (NACHA), the organization governing ACH payments, there are an average of 1.4 million ACH transfers every day, a clear indication that check payments are no longer a popular payment method.

Costs Associated with Accepting ACH Payments

ACH transactions avoid the interchange rates associated with credit card payments and the high cost of wire transfers and are a less expensive option for your business. Most businesses pay just 1% per transaction (no matter the size) with a cap of $10. With Stax, ACH transactions cost $.29 on average and are ideal for high-value transactions.


Processing fees are much higher for credit and debit card transactions, and depending on the payment processor, can often be a percentage of the transaction amount. For a business making B2B purchases, often of a higher amount than a consumer transaction, these fees can really add up.


For businesses looking to implement business to business ACH payments, other benefits include ease of setting up recurring payments and a secure manner to process transactions. Many B2B transactions happen on a recurring basis, and with ACH payments in place, the headache of re-entering card information or updating the expiration date is a thing of the past.


ACH transactions are also notably more secure than other payment options; an estimated 75% of businesses have experienced check fraud—conversely, ACH payments are consistently ranked as one of the safest payment methods.

Disadvantages of Business to Business ACH Transactions

There is a clear business case for ACH transactions for B2B transactions. Frankly, there are very few actual “disadvantages” of offering this as an option for B2B transactions you accept and utilizing ACH transfers for remitting payments to other businesses.


One potential drawback is that not all businesses will accept and send payments through the ACH network, so consistent and universal adoption may be some time away. That said, it is still advisable to use this for billing and paying other businesses when possible. Your payment processor should have several payment methods available to your business if the receiving business does not accept ACH transfers.

How Can Your Business Implement ACH Processing?


To start remitting and receiving payments through the ACH network, choose a payment processor that can accept all forms of payment and integrate seamlessly into your business. There are many options out there when it comes to payment processing, so it’s important to choose a partner that can meet your current and future needs.

Stax is a subscription-based payment platform and can save your business time and hassle by accepting all payment types. With helpful resources and in-depth information, Stax can help you expand your payment processing options to include business-to-customer and business to business ACH transfers.


With Stax, business owners benefit from lower transaction fees and transparent pricing. Helpful dashboards help streamline your business operations and best-in-class technology allows you to process all payments easily and efficiently.


Accepting business to business ACH transfers is just one of the many ways Stax can help modernize, secure and grow your business.

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FAQs about (B2B) ACH

Q: What is Business to Business (B2B) ACH?

Business to Business ACH refers to the transfer of funds between businesses using the Automated Clearing House (ACH) network. It includes two categories: ACH credits, where funds are added to the recipient’s bank account, and ACH debits, where funds are debited from the originator or the business making the payment.

Q: How does B2B ACH work?

B2B ACH transactions involve four steps: Authorization, Transaction initiation, Payment request, and Payment processing. The originator authorizes the transaction, initiates it by sending the payment details to the ACH provider or financial institution. The payment request is then sent to the payee’s bank, and finally, the transaction is processed after confirming the availability of sufficient funds.

Q: What are the advantages of B2B ACH payments?

B2B ACH payments offer several benefits, including faster delivery compared to paper checks, lower credit card processing fees resulting in cost-effective transactions, and ease of setting up recurring payments. They are also more secure than other payment options, with ACH payments being ranked as one of the safest payment methods.

Q: What costs are associated with accepting ACH Payments?

ACH transactions typically avoid the interchange rates associated with credit card payments and wire transfers, making it a less expensive option for your business. Most businesses pay just 1% per transaction (no matter the size) with a cap of $10.

Q: What are the disadvantages of B2B ACH transactions?

One potential drawback is that not all businesses accept and send payments through the ACH network, so universal adoption may take some time. However, ACH transfers are advisable for billing and paying other businesses whenever possible.

Q: How can a business implement ACH Processing?

To implement ACH processing, a business needs to choose a payment processor that can accept all forms of payment and integrate seamlessly into their business. Platforms such as Stax can help businesses expand their payment processing options to include business-to-customer and B2B ACH transfers.

Q: What is the role of Stax in B2B ACH transactions?

Stax is a subscription-based payment platform that helps businesses to accept all payment types, including B2B ACH transfers. It offers lower transaction fees, transparent pricing, and best-in-class technology for efficient payment processing.


eCheck vs ACH: What are Their Similarities and Differences

When transferring from bank to bank, eChecks and ACH transactions are extremely common. Consumers, small businesses, and large companies alike all send or receive payments in these forms. For those who aren’t entrenched in the payment space, the differences between these two are negligible, and the terms are used interchangeably.

But as transaction volumes and the regularity of these payments increase, it becomes extremely important that business owners learn the differences between these modes of payment.

The process of the ACH and eChecks may be similar, but there are some key distinctions between the two. With B2B ACH payments growing in value from 4.42 billion in 2020 to 5.32 billion in 2021, it’s important to better understand these payment methods and which offers the best financial outcomes.

TL;DR: eCheck vs ACH

Don’t have a lot of time? Here’s a side-by-side comparison of eChecks and ACH:

eCheck ACH
Frequency One-time payments May be recurring
Processing Time 1-3 business days, but could potentially take longer when verifying one-off transactions 1-3 business days
Fees / Cost Varies, but typically $0.30 to $1.50 per transaction Varies, but typically between 1.4-3.5%
How Payments Are Carried Out Through the ACH network Through the ACH network


What’s an eCheck and What’s an ACH Payment?

ACH (automated clearing house) payments have been around since the late 60s. Paper checks were on the rise, and bankers worried that the technology at the time could not keep up with processing volumes. Wise heads came together, and the ACH network was developed to process the traditional paper check.

Through ACH processing, merchants could accept the paper check using the routing and account number of the customer’s bank account as well as authorization from the customer.

ACH payments allowed consumers or businesses to take payments directly from the payers’ bank account upon receipt of their checks.

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Translation: Check payments were essentially a form of ACH payment processing. Once received, the payment went through the automated clearing house. The same is true with the eCheck.

Electronic checks (eChecks) work a lot like a traditional check. They are, in fact, the digital solution to the paper model.

Today, check or no check, ACH payments enable bank-to-bank payment processing. ACH is the process, and the check or eCheck is the payment method.

Tip: If that’s a bit of a head-scratcher, it may help to think of it another way: All online transactions are electronic payments, but the payment methods can change. PayPal, credit card, debit card, and bank transfers are all electronic payments. They’re just different payment methods.

Checks and eChecks are under the ACH umbrella, handled through the ACH process. There are just a few ways ACH payments can be made. Checks and eChecks are but one.

Differences: Electronic checks and ACH payments

Although eChecks are processed as ACH payments, there are still differences that merchants should be aware of.

How they work

We have a reasonable understanding now of how eChecks are processed. The payer submits an eCheck, which is, in effect, details for a one-time transfer from their everyday bank or checking account to the payees. Those details include the routing number, bank account number, and authorization to process the eCheck. Once received by the payee (the merchant), it is processed through the ACH network.

So how do check-free ACH payments compare?

ACH payments are electronic transfers that use bank routing numbers and bank account information to transfer payments between two (or more) banking institutions. On average, it takes one to three business days for ACH transactions to be processed. While that doesn’t sound ideal, ACH payments are favored for their lower costs when compared to wire transfers or debit cards.

Unlike eChecks, which are one-off payments, ACH payments are commonly used for recurring payments, direct deposits, and large transactions. The bank information provided for ACH payments is stored for future online payments. eChecks are once-offs. The process is the same, but the payment information is not stored.

Here’s an example. Let’s say you run an accounting firm and want to lower your payment processing fees by accepting ACH and eCheck payments. You can implement either or both, depending on the service.

If you offer ongoing bookkeeping services, you can bill your clients every month by asking for their banking information and having it on file. On the other hand, if you offer one-off services like IRS audit assistance, then you can bill clients via eCheck. In this case, you can ask your clients to initiate a one-off eCheck transaction online instead of writing you a paper check.

Who’s involved in these EFTs?

Both eChecks and ACH fall under the term EFTs (electronic funds transfers). In both cases, funds are being transferred electronically from one party to the other.

The payment parties are the same for both payment options. The financial institutions communicate to confirm the bank accounts and authorization to process the ACH debit or ACH credit.

ACH debit: when the merchant is withdrawing funds from the other party’s account. (E.g., for a recurring subscription payment.

ACH credit: when the merchant is paying funds to the other party’s account. (E.g., paying salaries to staff.)

Again, the main difference is that ACH payments specifically will store the payment information for future debits.

Processing times

Once authorized, ACH processing and eCheck processing take the same time: one to three business days. But there is an extra step for eChecks that make them a little slower.

As eChecks are one-off payments, steps need to be taken to verify and authorize the payment. The merchant account needs the green light to process the eCheck through the ACH network. While it’s all done automatically, once the eCheck is submitted, it can take an extra 24-48 hours. eChecks then can take two to five days to process.

Processing fees

Different payment processing providers have different processing fees, so giving definitive values is difficult. However, it is common for eChecks to attract an additional processing fee as there are extra steps in the check processing — verification. eChecks that bounce can also attract extra fees.

There can be ACH return fees and reversal or chargeback fees in both cases. These can be different depending on the merchant services account.

Similarities: ACH vs. eChecks

As we have highlighted the differences, the similarities will have become evident on their own. ACH payments and eChecks are both processed through the ACH network. They both work with electronic funds transfers to move funds from one financial institution to another. They are both bank to bank, rather than traditional payment processing, which may be a credit card payment going to a merchant account.

How to implement ACH and eCheck payments

ACH payments (eChecks included) should be considered essential to accept. Processing fees are low, security is high, and customers greatly appreciate the convenience. Transfers coming straight from customers’ accounts, rather than their card, let them avoid certain fees, and the same benefits go for merchants.

Implementing these payment solutions is simple. Through the right payment processor, merchants can set up an ACH payment gateway that facilitates the ACH payment process. With this setup, merchants can simply request customers’ authorization to use this payment method. Payment details are then set up, and the payment information is submitted.

Stax makes it simple

Businesses rarely have just one type of payment processing need. Whether in-store, online, or strictly B2B services, a diversity of payment options is a must.

Stax Pay processes payments of all types. We help businesses with eCheck processing, ACH payments, credit card payments, digital payments, and all other transaction types. And we do this with transparent pricing, no hidden monthly fees.

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FAQs about eChecks and ACH Transactions

Q: What are eChecks and ACH transactions?

eChecks and ACH (Automated Clearing House) payments are standard methods of transfer between banks. An eCheck works much like a traditional check but in a digital form. ACH payments, however, can be made with or without a check and involve processing through the ACH network using the customer’s bank account details.

Q: How are eChecks and ACH payments similar?

Both eChecks and ACH payments are processed through the ACH network, involve electronic funds transfers, and move funds from one bank account to another. They cut out traditional payment processing methods like credit cards, reducing associated costs.

Q: What distinguishes eChecks from ACH payments?

The major difference lies in their usage and data storage. eChecks function as one-off payments, and the banking information isn’t stored post-transaction. ACH payments, on the other hand, can be recurring, involving the storage of payment information for future deductions.

Q: How do eChecks and ACH payments work?

eChecks involve a one-time transfer from the payer’s bank account to the payee’s, with the transfer’s details, including the bank routing number, account number, and authorization to process the eCheck. ACH payments use bank routing numbers and account information to facilitate transfers between banking institutions, taking one to three business days to process.

Q: What is the processing time for eChecks and ACH payments?

Generally, ACH processing and eCheck processing have the same time duration: one to three business days. However, since eChecks require additional steps for verification, they might take between two to five days.

Q: Are there any additional costs when using eChecks or ACH payments?

The processing fees for both can vary, and eChecks might attract an added fee due to the extra steps required for check processing. Also, factors like ACH return fees, reversal fees, or chargeback fees can influence the total cost.

Q: How can businesses implement eCheck and ACH payments?

Businesses can set up an ACH payment gateway through a suitable payment processor, such as Stax Pay. This enables them to request customer authorization and process various payments, including ACH payments, eCheck processing, credit card payments, and more.

Q: Who benefits from eCheck and ACH payments?

Both customers and merchants find it beneficial. Customers notably appreciate the convenience and potentially lower costs. For businesses, these efficient methods offer high security, reduced fees, and a range of options to fit varying service types and payment structures.


Top 8 Payment Methods and How to Accept Each Payment Mode

As business owners, it’s important for you to accept multiple payment methods from your customers, giving them the option to pay for goods or services in their preferred payment method.

This does mean, however, that you will have to keep up with both traditional and modern payment systems. To help you select the payment methods best suited for your business, this post lists 8 different modes of payment and the pros and cons associated with each.

Preparing your business to accept payments

In addition to legally creating your business and opening a business bank account, you will need to decide how you want to accept payments. If you are just starting out and only want to accept cash, you can easily track sales on paper or in a spreadsheet. In today’s day in age businesses usually need a little bit more technology for tracking inventory and sales. And customers often prefer to pay with cards or digital payment methods, so if you only accept cash, you may be missing out on lucrative sales.

What should you consider when choosing a payment option?

Just like your customers, payment methods come in all shapes and sizes. Different payment types have various benefits, drawbacks, and in most cases, fees. Needless to say, deciding on which modes of payments to accept will depend on your specific business and customers.

Here’s a rundown of the common payment modes that you should consider.

Pros and cons of different payment types

1. Credit Cards

Credit cards offer a quick and convenient way to make financial transactions both large and small. With a credit card, clients use a set credit limit from the company issuing the card to make offline and online purchases. Some companies like American Express and Mastercard offer contactless credit cards that use radio-frequency identification to authenticate card information, saving customers the trouble of swiping their cards against a card reader and making the process more secure.

If customers pay back their credit card balances regularly, they can build up a good credit line. However, if they have trouble meeting their payment due dates, they can be charged interest and their credit card rating can go down. To provide your clients with the best options for paying with credit cards, contact Stax to learn about the most secure ways to incorporate credit card payments into your business model.

2. Debit Cards

Debit cards withdraw money directly from an attached bank account. A debit card payment usually doesn’t come with annual fees and does not charge payees interest, which can encourage use. However, they also come with limited fraud protection and don’t build a client’s credit score, causing some customers to prefer using credit cards.

To accept debit card payments, you’ll need to comply with all the regulatory requirements in your industry. You’ll also need to choose a payment process to facilitate payment card transactions. In-store, the equipment you need to process debit cards are the same as the ones for credit cards. Online retailers, be sure to set up your payments web page to accept financial transactions from debit cards and optimize this page for mobile devices so clients can enter their debit card information through their smartphones.

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3. Automated Clearing House (ACH)

Automated Clearing House (ACH) transfers are electronic, bank-to-bank money transfers that provide a fast and convenient way for businesses to pay vendors (including payroll via direct deposit) and receive payments from their clients. These ACH payments are also sometimes called direct debit payments or bank payments, and they allow customers to pay directly from their bank account to another bank account. Bank transfers and wire transfers are usually used for larger and more frequent payments where cash is not a good fit.

This mode of payment is helpful for businesses like mortgage and utility companies since their customers can set up automatic recurring transfers to pay their bills. However, some banks do impose limits on how much money can be sent through an ACH transfer and multiple ACH transfers can trigger an excess withdrawal penalty for savings accounts. Since there can be delays in ACH transfers, some clients may be hit with late fees if their transfer completes after the due date.

To accept ACH transfers, you’ll need to sign up with payments provider that supports ACH. This gives your business access to the ACH network and allows direct withdrawals from customer bank accounts. You’ll also need to request authorization from your customers and collect their payment details, making sure to verify this information.

4. Cash

Exchanging cash remains a simple (albeit cumbersome) payment option used by both local markets and major companies. It’s particularly popular among older customers and clients who are less tech-savvy and prefer to use physical currency.

That said, paying in cash is difficult if a client needs to make multiple expensive purchases. Cash users also need to carry the currency of the country where the transaction is being made. Finally, unless you keep careful records, cash transactions carry a higher risk of accounting errors.

5. Paper Checks

Paying via paper check is a convenient way to make large financial transactions. The payer can also cancel the payment until the payee presents the check to the bank, adding extra security. However, it takes time for a check to clear, making this an inconvenient mode of payment if you make several day-to-day transactions.

Businesses that accept checks as payment should create a check acceptance policy for their clients. This policy should detail the types of ID clients who pay by check should display, the dollar limits for the checks, and the information on the check—such as the payer name, bank ID, and signature— that needs to be verified.

6. eChecks

eCheck payments are conducted online. In the U.S., businesses use the ACH merchant network to withdraw money from the payer’s checking account and deposit the funds directly into the payee’s checking account. Customers validate their eCheck payments by authorizing the transaction on a website or signing a contract.

This mode of payment can be processed faster than a paper check and may offer lower processing fees than certain credit cards. However, there is the potential that online hackers can gain access to customer banking information and computer glitches can lead to faulty withdrawals.

To accept eChecks, businesses use an ACH-supported merchant account to withdraw customer funds online. They also need their customer’s banking information, including routing and checking account numbers.

7. Digital Payments

Beyond credit and debit cards, digital payments include paying by PayPal, Venmo, and Zelle as well as through digital mobile wallets like cell phones and smartwatches. According to McKinsey, 82% of Americans already use digital payments.

All of these payments enable money to be transferred from one account to another electronically. Customers appreciate these payment options for their fast transaction speed and the reduced dependency on cash.

Businesses that choose to accept digital payment need to invest in a Point of Sale (POS) system that can handle multiple types of digital payment methods. You’ll also need to consider your return on investment (ROI) when factoring in the setup fees, per purchase fees, and flat monthly usage fees that come with processing digital payments.

Digital Wallets

Digital wallets are available in various payment modes such as credit and debit. A wallet typically needs to verify customers’ identities (such as address, email address and phone number), to pay. These often use biometric verification like a fingerprint or face recognition software (ex: Apple Pay and Google Pay).

8. Money Orders

Usually issued by a government or banking institution, money orders are certificates that allow your business to receive cash on demand. Since money orders do not include personal information like bank routing numbers, they are considered safer than paper checks. Money orders can also be cashed in other countries, making them useful in international business dealings. However, you may need to pay a fee to cash a money order and the lack of personal information makes them hard to track.

If your business accepts money orders, you should endorse each certificate with your business name, your name, and your job title. Be prepared to present personal identification as well as proof of your position in your company. Having a business checking account also makes it easier to deposit the funds.

Electronic Funds Transfers (EFTs) and Other Options

Electronic Funds Transfer is a term you may also hear, but this is an umbrella term for all types of digital payments, including credit card payments, debit card payments, mobile payments, PIN transactions, and online purchases.

Wire transfers are usually used for larger and more frequent payments where cash does not fit. In most cases, payments by manufacturers to suppliers are made via wire transfers, especially for domestic transactions. The ACH is commonly employed for direct deposits in payrolls by a business. Although both electronic transfers exist, the differences are between ACH and wire transfers. ACHs only operate in the United States. Sometimes they require a couple of days to fully process them.

Choose the right payment strategy for your markets and channels

Providing a variety of payment options to customers is easy if the payment API integrates with your existing system. Using the API, payments can be seamlessly integrated into your other applications. With Stax, our innovative technology easily and quickly connects you and your customers to your chosen online payment methods or offline payment method.

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Payment Methods: Final Words

Providing your customers with multiple modes of payment improves your customer service experience and facilitates stronger relationships with your clients. Given the number of payment options today, it’s important to invest in a secure payment platform like Stax that provides you and your clients with the best-in-class service.

Stax doesn’t have any hidden fees, contracts, or markups. Its integrated payment system is also designed to work with multiple software applications and provide your business with a number one rated payment processor that saves you time and money. Make sure you’re accepting the right payment methods. Our specialists are standing by.

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FAQs about Payment Methods

Q: What are the top 8 payment methods that businesses should consider accepting?

The top 8 payment methods are credit cards, debit cards, Automated Clearing House (ACH) transfers, cash, paper checks, eChecks, digital payments, and money orders.

Q: How can a business accept credit card payments?

To accept credit card payments, businesses should contact a payment processing service like Stax to learn about secure ways to incorporate credit card payments into their business model.

Q: What are the requirements for accepting debit card payments?

To accept debit card payments, businesses need to comply with regulatory requirements in their industry and choose a payment processor to facilitate payment card transactions. For online retailers, it’s important to set up a payments web page that accepts debit cards and is optimized for mobile devices.

Q: How can businesses accept ACH transfers?

To accept ACH transfers, businesses need to sign up with a payments provider that supports ACH, giving them access to the ACH network and allowing direct withdrawals from customer bank accounts. Businesses also need to request authorization from customers and collect their payment details, verifying this information.

Q: What steps should businesses take to accept eCheck payments?

To accept eCheck payments, businesses need an ACH-supported merchant account to withdraw customer funds online. They also need to collect customers’ banking information, including routing and checking account numbers.

Q: How can businesses accept digital payments and digital wallet transactions?

Businesses need to invest in a Point of Sale (POS) system that can handle multiple types of digital payment methods. They should also consider the return on investment (ROI) when factoring in setup fees, per purchase fees, and flat monthly usage fees that come with processing digital payments.

Q: What is the process for accepting money orders as a form of payment?

Businesses should endorse money orders with their business name, personal name, and job title. They should also present personal identification and proof of their position in the company. Having a business checking account makes it easier to deposit the funds from money orders.

Q: How can Stax help businesses accept various payment methods?

Stax offers a secure, integrated payment system that works with multiple software applications, providing businesses with a top-rated payment processor. Their specialists can help businesses determine the right payment methods to accept and how to leverage them.