PayJunction Blog

Real solutions to streamline your business.

Featured Resource: Assess Your
Merchant Statements

Interchange Plus Pricing vs. Flat

For starters, there are more rate plans for your business to consider than just Flat and Interchange plus pricing. That said, comparing too many options at once can be overwhelming; therefore, we’re going to focus on only two plans to simplify things a bit.
Christina Lavingia 2/18/2019 READ MORE
What Is a Payment Facilitator?

Have you ever heard of Square, Stripe or PayPal? You might be surprised to learn that these recognizable names in the payments space are Payment Facilitators. There are numerous middlemen involved in credit card processing, and depending on your size and needs, different ones will prove most advantageous for you.
Christina Lavingia 2/4/2019 READ MORE
What Is ISO Credit Card Processing?

Independent sales organizations (ISOs) are companies that manage the sales and marketing of credit card processing products and services. Unlike Payment Facilitators, which provide one shared merchant account to all of their customers, ISOs underwrite each business they work with to provide them with an individual merchant account. ISOs are synonymous with Merchant Service Providers.
Christina Lavingia 11/20/2018 READ MORE
Understanding Credit Card Authorization

Cardholders ultimately give businesses credit card authorization to request funds from their accounts. Authorization requests start when cardholders key in, swipe or insert their debit or credit cards through traditional credit card readers or Virtual Terminals. After waiting three to 22 seconds, depending on the business’s card reader speed, the transaction will either be approved or declined.
Ursula Librizzi 10/8/2018 READ MORE
How to Calculate Your Credit Card Processing Effective Rate

When a business is considering taking credit card payments, there are several questions that should be answered before they select a partner, including the following:
Casey Russell 9/20/2018 READ MORE
What Is EMV Credit Card Processing?

EMV credit card processing entails a series of steps to authenticate a payment by ‘dipping’ or ‘inserting’ an EMV-chip card. To correctly process an EMV credit card, a level-3 EMV certified card reader is required.
Ursula Librizzi 9/13/2018 READ MORE