Free Stax Payments Fee Calculator 2024
Stax Payment Fee Calculator
Introduction of STAX Payments
When establishing a new business, you might initially focus on receiving payments via traditional methods like cash or checks. However, as your business grows, embracing credit card payments becomes inevitable.
Stax Payment, offered by Fattmerchant, provides a unique credit card processing solution. Unlike many competitors charging a percentage fee (typically 2% to 3%) per transaction, Stax Payment operates on a fixed monthly cost structure. Discover if Stax Payment aligns with your business needs and compare its features against other industry competitors.
Key Points About Stax Payments
Here are the key points about Stax by Fattmerchant based on the information given on their website:
Pricing Model:
Stax charges a fixed monthly fee based on your business’s annual income, starting at $99 per month for companies with annual income up to $150,000. The pricing increases to $199 per month for businesses earning between $250,001 and $500,000.
Ideal Client:
Stax is best suited for established companies making above $5,000 per month consistently.
Transaction Fees:
Stax charges 7 cents to 15 cents per transaction plus interchange rates, depending on your business’s processing volume. The platform charges a fixed monthly cost, which may be advantageous for businesses with transaction volumes above $100 per month.
Features:
Optional features include syncing data with QuickBooks, terminal protection for unlimited terminal replacements, same-day funds access for additional charge, and custom invoice creation.
Customer Support:
Stax offers personalized customer support and in-house service to address any technical issues or inquiries. The platform caters to around 12,000 customers, offering a more individualized experience compared to larger competitors like PayPal and Square.
Cancellation Policy:
Stax does not require clients to sign long-term contracts and allows cancellation with a 30-day notice.
Security:
Stax provides standard security features such as chargeback protection, SSL, and PCI compliance, ensuring the security of transactions.
Comparison with Competitors:
Stax offers a different payment structure for keyed and swipe/chip transactions, focusing on a higher monthly rate. While it may be pricier compared to platforms like PayPal and Square, it can be cost-effective for businesses with higher transaction volumes.
Stax Payments: Disturbing Fintech With Rapid Growth and Expansion under CEO Paulette Rowe
1. Stax Payments Disruption:
– Stax Payments, formed in 2014 by Sal Rehmetullah and Suneera Madhani, is a disrupter in the fintech industry.
– Stax processes about $30 billion in transactions for more than 30,000 businesses and software platforms in its first 10 years.
2. Stax’s Impact in Orlando:
– About half of Stax’s workforce, more than 300 people, is based in Orlando.
– CEO Paulette Rowe describes Stax as one of Orlando’s most successful fintech companies.
3. Stax’s Growth and Expansion:
– Stax continues to grow through acquisitions, such as its purchase of Atlantic-Pacific Processing Systems.
– CEO Paulette Rowe, who joined the company in August 2023, is leading Stax’s expansion to become an end-to-end payment processor.
Frequently Asked Questions(FAQs) about STAX Payments
1. What is Stax Payment?
Stax Payment is a payment processing platform that allows businesses to accept payments securely and efficiently.
2. How does Stax Payment work?
Stax Payment works by providing businesses with tools and services to process payments online, including credit card payments, ACH transfers, and more. It integrates with e-commerce platforms and provides reporting and analytics for better business insights.
3. What types of payments can I accept with Stax Payment?
With Stax Payment, you can accept various types of payments, including credit and debit cards, ACH payments, mobile payments, and e-wallet payments.
4. Is Stax Payment secure?
Yes, Stax Payment prioritizes security and compliance. It uses advanced encryption and security protocols to protect sensitive payment information and ensures compliance with industry standards and regulations.
5. What are the fees associated with using Stax Payment?
The fees for using Stax Payment depend on your processing volume and the types of payments you accept. Generally, there are monthly subscription fees and per-transaction fees. You can refer to the GFC’s Stax Payment Fee Calculator for detailed fee calculations.
6. How can I integrate Stax Payment with my website or application?
Stax Payment offers easy integration options with popular e-commerce platforms, APIs for custom integrations, and developer-friendly documentation to help you seamlessly integrate payment processing into your website or application.
7. Can I get support and assistance with Stax Payment?
Yes, Stax Payment provides dedicated support and assistance to its users. You can contact their support team for any questions, technical issues, or assistance with using the platform.
8. Does Stax Payment offer reporting and analytics tools?
Yes, Stax Payment offers robust reporting and analytics tools that provide insights into your payment transactions, customer behavior, sales trends, and more. These tools help you make informed decisions and optimize your payment processes.
9. Is there a mobile app for Stax Payment?
Yes, Stax Payment offers a mobile app that allows you to manage payments, view reports, and access key features on the go. The mobile app provides convenience and flexibility for businesses that need to manage payments from anywhere.
10. How do I sign up for Stax Payment?
You can sign up for Stax Payment by visiting their website and completing the registration process. Once registered, you can access the platform, set up your payment processing settings, and start accepting payments.
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