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Understanding Credit Card Authorization vs. Credit Card Pre-Authorization
In the payment processing industry there is a lot of payment 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.
Ursula Librizzi
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Unlocking Financial Insights: The Reporting Tools Auto Dealerships Need
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.
PayJunction Team
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What is a Surcharge? Best Practices for Merchants
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.
PayJunction Team
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Contactless Payments: Revolutionizing Auto Dealerships
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.
PayJunction Team
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Seven Ways Auto Dealerships Can Lower Payment Acceptance Costs
The costs of accepting payments at automotive dealerships can add up quickly, especially with high-ticket down payments, 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.
PayJunction Team
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Credit Card Surcharging: Your Guide to Reducing Transaction Costs
Credit card surcharging, a strategy that helps merchants reduce the cost of accepting credit card payments, is steadily growing in popularity. With surcharging, merchants reduce the impact of credit card processing fees by transferring the fee for a credit card transaction to the customer. Many merchants assume surcharging is complicated to set up or simply incompatible with their software. However, with new tools, like PayJunction’s No-Code Payment Integration, merchants interested in surcharging no longer need to worry about time consuming manual surcharging. Instead, merchants can set up surcharging with PayJunction, and start saving on credit card payments by integrating surcharging in just a few minutes. There are many rules and regulations that merchants who are considering surcharging should take into account. Use this guide as a resource as you explore the benefits of surcharging, or schedule a demo below to book time with a payment expert to walk through questions about your unique business case.
PayJunction Team
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