All Posts by PayJunction Team

The Buyer's Guide to Shopping for a POS Credit Card Terminal

The Buyer's Guide to Shopping for a POS Credit Card Terminal

Investing in a POS credit card terminal carries obvious benefits. A combined 75 percent of consumers prefer to shop with a credit or debit card, so accepting credit cards opens your business up to a wider market than businesses that only accept cash. Some modern credit card terminals can also process alternative forms of payment, such as mobile payments. One downside is that researching credit card processing terminals can be daunting. What do you really need to know about EMV, NFC and PCI DSS? Consider this guide your key to understanding some of the more technical credit card terminal features…

How to Take Safer Phone Payments At Your Dealership

How to Take Safer Phone Payments At Your Dealership

Let’s set the stage for a typical day at your dealership. Your customers drop off their cars at your bustling service department and head out to lunch while repairs are made. A technician notices an issue and calls the customer for permission to move forward with the repair. An over-the-phone payment is made to authorize the transaction before the work is done and the customer comes by later that afternoon to pick up the car. This is likely par for the course at your dealership, but this approach to obtaining payment is full of landmines. Card-not-present transactions, such as…

Evolving Your Retail Credit Card Processing to Meet the Needs of Your Business

Evolving Your Retail Credit Card Processing to Meet the Needs of Your Business

While it might seem that a credit card processor is simply a means for collecting and receiving payments from customers, your choice of provider can impact your business in all sorts of other ways. Depending on your business needs, here are some key things to look for in order to find the best credit card processor to meet your unique requirements. Do You Sell Subscriptions Or Other Types of Regular, Ongoing Sales? Look for a Solution With Recurring Billing While subscriptions and other ongoing billing models are a great strategy for retaining business and growing loyalty, it can be challenging…

3 Ways to Take the Pain Out of Electronic Payment Processing

3 Ways to Take the Pain Out of Electronic Payment Processing

It’s getting harder to ignore the lure of offering customers electronic payment processing: with steady year-over-year growth, e-commerce is expected to become the largest retail sales channel in world within the next few years. But while the convenience of shopping online might be one of the factors fueling the need for electronic payment processing, for merchants, accepting payments remotely can seem anything but. Electronic payments refer to all non-cash payments that are processed online, including credit cards, debit cards and ACH (Automated Clearing House) transactions. Such payments have a few requirements: you’ll need to be able to securely…