All Posts by PayJunction Team

7 Key Tips for Choosing an eCommerce Merchant Account

7 Key Tips for Choosing an eCommerce Merchant Account

Ecommerce presents exciting opportunities for business owners: to better meet the needs of existing customers, to tap into new markets and to grow the value of individual transactions over brick-and-mortar purchases. While the ability to sell online is hardly a new innovation – Jeff Bezos launched Amazon in 1994, the same year Pizza Hut sold its first pie over the Internet – the exploding growth of e-commerce makes it a sales channel many businesses cannot afford to ignore. In 2018, online sales in the U.S. grew by 15% year-over-year, and analysts believe that by 2040, a whopping 95% of all retail…

4 Tips On How to Set Up ACH Payments

4 Tips On How to Set Up ACH Payments

ACH payments, in which funds are drawn from a customer’s bank account over the ACH (Automated Clearing House) network, offers some distinct advantages over processing paper checks. Specifically, ACH payments can save you both time and money. While ACH seems simple, the underlying processes are actually somewhat complex, involving a seven-step process with six different entities. These entities include the Originator – the person or entity who initiates the transaction; the Orginating and Receiving Depository Financial institutions (two separate entities); ACH operators and receivers. As you might imagine, the communication and coordination of funds across so many parties is a…

5 Tips and Tricks On How to Receive ACH Payments

5 Tips and Tricks On How to Receive ACH Payments

If you accept payment via check, there are some compelling reasons to switch to ACH processing over traditional paper checks. ACH, which stands for Automated Clearing House, still draws on bank account funds, but this method of payment offers some key business advantages. Specifically, compared to paper checks, receiving payment via ACH can save time, money and is kinder to the environment at the same time. If you’re new to receiving ACH payments, here are five tips and tricks to make the process smooth and hassle free. Tip No. 1: Look For A Solution That Works With Your Other…

Grow Your Business By Offering an Ecommerce Credit Card Processor

Grow Your Business By Offering an Ecommerce Credit Card Processor

As a business owner, you’ve probably lost count of how many times you’ve heard that e-commerce is the way of the future. At the same time, with in-store spending at brick and mortar locations predicted to make up nearly 90 percent of all retail sales in the United States in 2019, you might also be wondering whether e-commerce is overhyped. The short answer is it’s not. Though online sales, whether from desktop or mobile devices, might only represent a small percentage of business right now, here are six key reasons why offering an ecommerce credit card processor…