PayJunction Blog

Real solutions to streamline your business.

Featured Resource: Assess Your
Merchant Statements

What Is Level 3 Processing and How It Optimizes Transaction Costs

Many large corporations and government agencies provide their employees with commercial credit cards to make purchases or pay invoices, which allows buyers to better track spending across their organization.
PayJunction Team 7/29/2021 READ MORE
Three Types of EMV Non-Compliance Fees to Avoid

EMV or “chip” cards have become the US industry standard for credit and debit transactions made in-person at a business. There are now more than 1 billion EMV cards in circulation in the US, and in 2020, 73% of card-present transactions involved an EMV card being read by an EMV-capable terminal, up from just over half two years earlier. As a result, in-person fraud rates for counterfeit cards have plunged. According to a May 2019 report from Visa, merchants that accepted EMV chip-enabled cards saw a 76% drop in card-present fraudulent fraud.
Ursula Librizzi 7/27/2021 READ MORE
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 7/15/2021 READ MORE
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 6/29/2021 READ MORE
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 11/14/2019 READ MORE
The Biggest Credit Card Processing Pitfalls

We’re intimately aware of how credit card processing can be a nightmare.
Christina Lavingia 10/29/2019 READ MORE