PayJunction Blog

Real solutions to streamline your business.

Featured Resource: Assess Your
Merchant Statements

Casey Russell

What is a Contactless Payment? More Than You Think

What is a Contactless Payment and Why is it Trending? Pre-COVID-19, few people thought much about how they paid for goods and services. The choices were binary: “cash or card,” “debit or credit,” “insert or tap.” But once the coronavirus pandemic hit, everyone avoided touching anything that could spread germs, and how we pay suddenly shifted.
Casey Russell 6/2/2020 READ MORE
Deceptive Name Changes in the Payment Industry

One of the most disturbing trends in the payment industry isn’t anything new — in fact, it has been around since the inception of payment processing. In recent years, it seems to have become a consistent practice, and this deception is costing businesses millions of dollars in lost efficiencies and revenue.
Casey Russell 4/18/2019 READ MORE
Credit Card Processing: Am I on the Correct Rate Plan?

Anyone who has researched credit card processing rates will probably tell you different iterations of the same story, all of which can be summed up to this: it is a frustrating chasm of mystery that will lead you to far more questions than answers.
Casey Russell 1/24/2019 READ MORE
How to Calculate Your Credit Card Processing Effective Rate

When a business is considering taking credit card payments, there are several questions that should be answered before they select a partner, including the following:
Casey Russell 9/20/2018 READ MORE
Credit Card Processing Basis Points — What Are They?

Every industry has its jargon, and credit card processing is no different. You are probably familiar with more-common terms just from bumping elbows with folks in the industry. These include Interchange, EIRF, downgrade and tiered. However, there are others that are used less frequently and are purposefully deceptive, such as settlement funding, padded dues and assessments, breach coverage security, etc.
Casey Russell 8/23/2018 READ MORE
6 Questions to Ask If You Don’t Understand Your Merchant Statements

We understand that trying to read your merchant statements can range from frustrating to downright impossible. We can relate to this even though our risk department reviews hundreds of merchant statements every month. Our combined years of experience analyzing merchant statements have allowed us to identify the following six questions which we encourage every business owner to consider.
Casey Russell 8/31/2017 READ MORE