STAX review

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Application & Approval Process

8/10

Rates & Fees

8/10

Contract Terms

8/10

Customer Support & Benefits

8/10
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Staxpayments

Overview

Staxpayments is a payment platform based in Orlando, Florida with a current valuation of 1 billion dollars. More than $23 billion in payments have been processed for 22,000 businesses across the country during the past three years, contributing to their 500 percent year-over-year growth. Staxpayments is a provider of payment technology that caters to companies of all sizes with a suite of services. With its help, retailers, and SaaS, providers may streamline their payment processes and improve their customers' overall shopping experience. The solution provides a centralized dashboard where companies can monitor all of their accounts in one convenient location. Accounts payable, receivable, sales, refunds, and disputes are all part of the financial picture. Stax boasts a stellar reputation for delivering high-quality services.  This can be seen by the company’s big total valuation. It has also been featured in Forbes, INC, Entrepreneur, and Money magazines.  Clients are onboarded by going to the website and signing up which initially asks them to provide their;
  • Full Names
  • Email
  • Phone Number
  • Business Name
  • Industry Types
They accept debit and credit card payments, ACH transfers, Google Pay, and Apple Pay, but not PayPal or cryptocurrency payments. Furthermore, Stax currently only accepts payments in US dollars.

Service Terms

To be clients of the company, users must agree on terms regarding subscriptions, fee charges, refunds, accounts, links to other websites, third party service and materials, termination,  payment processing, Indemnification, limitation of liability, disclaimer, exclusions, governing law, HIPPA, and changes.

Rates and Fees

The rates are tailored according to different customers which are grouped into small businesses, large businesses, and SaaS platforms.
  • Small businesses typically get plans starting at $99, the first $50,000 in annual processing, and 0% markup on the direct-cost interchange.
  • Large businesses get $5 million in annual processing.

Services Offered

Staxpayments offers the following services:
  • Invoicing- check the paid/unpaid status of each invoice online.
  • In-Person- Customize checkout experience with smart cloud-based terminals.
  • Keyed- Transform any computer or mobile device into a Point of Sale terminal.
  • eCommerce- Using the company’s tools, clients can create a one-of-a-kind online shopping cart.
  • Mobile- Using Wireless and Bluetooth.

Strengths

  • Top rated and a market leader
  • Can handle all types of businesses, small and large
  • Relatively low rates
  • Fast disbursement of funds
  • Can handle large amounts of money

Weaknesses

  • Can only handle one currency, the USD, limiting further expansion outside the country

Customer Service

Stax payments services can be found 24/7 through email, phone numbers, and social media platforms such as Linked In, Facebook, and Twitter. Address - 618 E South St Suite #510 Orlando, FL 32801 Phone number- 407-982-1782 Email- Staxpayments.com/stax-connect

Conclusion

With its high revenue add tremendous growth in the past few years, Stax payments is a market leader.  Its transactions are fast and rates are relatively low for such a big company. It is also a company that is inclusive since all its main top positions are occupied by minorities.  
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