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Merchant Statements
If you’re already surcharging credit card payments, you’ve taken a smart step toward lowering your payment costs. But you could still be missing out, especially when it comes to debit fees and surcharge compliance. A quick check can help you spot hidden costs and avoid compliance risks.
Randy Mondos
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What is a Surcharge? A surcharge is a small fee added to credit card transactions to offset payment processing costs. It allows dealerships to protect profit margins without raising prices across the board. Offsetting credit card processing fees with surcharging is legal in most states and can be implemented without generating customer complaints, but only when done correctly. That's why PayJunction offers a wide range of surcharging materials and support to help dealers successfully offset their credit card processing costs while remaining compliant with surcharge laws.
Randy Mondos
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The costs of accepting payments at automotive repair shops can add up quickly, especially when dealing with major repairs and expensive parts. Inefficient business processes only amplify these expenses, increasing operational costs and straining cash flow. If not addressed, profits can stall.
Randy Mondos
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Running a successful auto dealership requires more than great sales strategies and excellent customer service. To truly thrive, dealerships need accurate financial visibility to monitor performance, streamline operations, and make data-driven decisions. Robust reporting capabilities are a game-changer whether overseeing a single dealership or managing multiple locations, departments, or brands. Here's how PayJunction's reporting tools provide the financial clarity auto dealers need to stay ahead.
Randy Mondos
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As the tools and strategies available to merchants evolve, one area that’s gained significant attention recently is credit card surcharging. Surcharging is a practice that allows businesses to pass on most of the cost of credit card processing fees directly to their customers. If implemented correctly, surcharging can be a valuable way to manage rising operational costs. However, navigating the legal landscape and maintaining customer trust requires a thoughtful and ethical approach.
Randy Mondos
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The automotive industry is undergoing a significant transformation driven by customer demand for speed, convenience, and safety. One of the most impactful changes is the adoption of contactless payment solutions, which streamline transactions, enhance security, and improve the overall customer experience.
Randy Mondos
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