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Interchange Plus Pricing vs. Flat

Interchange Plus Pricing vs. Flat

For starters, there are more rate plans for your business to consider than just Flat and Interchange plus pricing. That said, comparing too many options at once can be overwhelming; therefore, we’re going to focus on only two plans to simplify things a bit. If you’re just starting to accept credit card payments, a Flat rate plan might be the best to start with. If your business is more mature, Interchange plus rates will likely be more advantageous. Let’s dive into an explanation of each option. Flat Rate Pricing Payment Facilitators offer their customers Flat rate pricing,…

PayJunction Reviews Highlight Exceptional Customer Service

PayJunction Reviews Highlight Exceptional Customer Service

At PayJunction, we believe a healthy business cannot exist without happy customers. In the spirit of Valentine's Day, we’ve compiled a number of customer support “love letters” earned in 2018. We appreciate these customers for letting us know how we’re doing. PayJunction has no contract for service, meaning we earn our customers’ business each and every month. It’s a core tenet we believe in, one of mutual respect and partnership. This Valentine's Day, we're grateful for our current customer base and new businesses that partner with us to achieve better service and more transparency in the payments…

The Evolution of PCI

The Evolution of PCI

How did the Payment Card Industry standards come to fruition? Let’s start with the body that governs their development; the PCI Security Standards Council (PCI SSC). The PCI SSC is a worldwide consortium of security experts from different areas of payment processing, including businesses taking credit card payments. Let’s look at how the three key standards were launched and developed throughout PCI history. PCI History: The Standards PA-DSS The Payment Application Data Security Standard (PA-DSS), first introduced in 2007, is applicable to payment application settings. Organizations that offer this type of software for third-party use (such as for…

Credit Card Authorization vs. Pre-Authorization

Credit Card Authorization vs. Pre-Authorization

In the payment processing industry there is a ton of jargon used interchangeably, and sometimes done so incorrectly. As a business owner processing credit cards, it is important you know what these terms mean so you use them correctly if a customer asks. If you’ve landed on this blog, it’s because you’re trying to determine the difference between two industry terms: credit card authorization versus pre-authorization. Let’s dive in. Credit Card Authorization Typically every “successful” transaction gets an authorization, meaning it wasn’t declined. This is the card-issuing bank’s confirmation that there are funds available…