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Interchange Downgrades: What They Are and How to Avoid Them
Many Merchant Account Providers charge unnecessary fees or have unfair contract terms and conditions, as reported in our unethical practices blog series. Some providers take it a step further by failing to educate business owners about how to qualify for the best transaction rates, which unfortunately results in “Interchange downgrades” that can really add up. Worse yet, some providers make so much money from these downgrades that they hide them in confusing line-item details on statements.
Ursula Librizzi
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Spotting Padded Interchange in Your Merchant Statements
Unfortunately, many Merchant Account Providers practice unethical billing and lie about the fees they charge you. Billing statements are intentionally complex to keep customers from finding hidden fees.
Ursula Librizzi
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Credit Card Payment Processing Fees Explained
If you’re running a business, you could be leaving a lot of money on the table by not accepting credit card payments. According to Intuit, not accepting credit cards can cost the typical business $7,000 in annual sales. At the same time, it’s easy to understand how the various fees and requirements of accepting credit card payments can make the prospect seem daunting and complex – and most of all, potentially costly.
Christina Lavingia
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The Biggest Credit Card Processing Pitfalls
We’re intimately aware of how credit card processing can be a nightmare.
Christina Lavingia
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Credit Card Processors vs. Merchant Service Providers
It’s very likely you looked at the title of this post and thought, “Those are different?” The general public uses these terms interchangeably, and without extensive knowledge of the payments industry, it makes sense to do so.
Ursula Librizzi
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Why We Care About Being an Ethical Credit Card Processing Company
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.
Christina Lavingia
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