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If you run or work for a business that accepts card-not-present transactions, it’s important to understand the finer points of manual credit card processing. While it may be easy to simply gloss over these steps, especially when you’re on the phone with a customer and want to provide a fast, positive customer experience, it can be both a security and financial risk to manually accept credit card payments if done without the proper precautions.
READ MOREIn 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.
READ MORERunning 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.
READ MOREAs 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.
READ MOREThe 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.
READ MOREThe 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.
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