“Service” Posts

Why We Care About Ethical Credit Card Processing

Why We Care About Ethical Credit Card Processing

Read enough about PayJunction’s company culture, and it’s clear we prioritize long-term relationships over short-term profit. That’s not just a nice-sounding statement, it’s what we practice every day with our customers. Since we launched our blog, we’ve largely focused on unethical billing issues. These are the unfortunate, but all-too-common, ways players in the payments space unfairly profit off their customers. Because everyone does it, there’s an assumption among providers that it’s OK. Business owners are left to believe they can’t escape fake fees and hidden markups because they’re the norm. Complex…

How Refunds Impact Credit Card Processing Fees

How Refunds Impact Credit Card Processing Fees

Unless you have a no-returns policy, refunds are unavoidable. Even if your goods are in pristine condition, a change of heart can be enough to reverse a purchase decision. That said, refunds aren’t great for businesses. They represent more than a lost sale; they result in additional credit card processing fees. There are a few reasons for this (some are ethical; others not so much), but luckily you can sometimes bypass the unpleasant processing fees related to refunds altogether. Credit Card Processing Steps Numerous parties facilitate each credit card transaction, but the ability to void instead of refund a…

What Are the Most Common ACH Reject Codes?

What Are the Most Common ACH Reject Codes?

ACH offers many advantages over paper checks, including faster notification of acceptance or failure. That said, ACH reject codes still come days after the transaction is initiated, so it’s important to know how to resolve these rejects and provide the right information to your customers. To quickly rectify these rejects, it’s vital to familiarize yourself with the most common ACH reject codes and how to solve them. 4 ACH Reject Codes to Know “R01 Insufficient Funds” means the available balance is not sufficient to cover the amount of the debit entry. After receiving this ACH reject code, there…

Veterinary Software Streamlined Payments for Animal Specialty Group

Veterinary Software Streamlined Payments for Animal Specialty Group

Picture this: Piles of paper receipts stored in boxes, walled off behind storage unit doors, meticulously organized yet barely protected. This expensive and tedious plight is a reality for businesses in nearly all sectors, because receipts are the best defense in the event of a chargeback. That said, a paper receipt is useless if it’s faded, damaged or lost. Animal Specialty Group is a veterinary clinic specializing in a wide array of treatments including internal medicine, physical therapy, surgery and alternative medicine. To defend itself from chargebacks, Animal Specialty Group held onto paper receipt copies for seven years. This…