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Credit Card Surcharging: Your Guide to Reducing Transaction Costs
Credit card surcharging, a strategy that helps merchants reduce the cost of accepting credit card payments, is steadily growing in popularity. With surcharging, merchants reduce the impact of credit card processing fees by transferring the fee for a credit card transaction to the customer. Many merchants assume surcharging is complicated to set up or simply incompatible with their software. However, with new tools, like PayJunction’s No-Code Payment Integration, merchants interested in surcharging no longer need to worry about time consuming manual surcharging. Instead, merchants can set up surcharging with PayJunction, and start saving on credit card payments by integrating surcharging in just a few minutes. There are many rules and regulations that merchants who are considering surcharging should take into account. Use this guide as a resource as you explore the benefits of surcharging, or schedule a demo below to book time with a payment expert to walk through questions about your unique business case.
PayJunction Team
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How To Manage the Cost of Payments When Interchange Rates Increase
The four card brands—American Express, Discover, Mastercard and Visa—assess Interchange fees on card payments to compensate the card-issuing banks for processing transactions. Fees are typically reviewed and adjusted once or twice a year, in April and October. In 2020, due to the COVID-19 pandemic, the card brands suspended most practices so as not to further burden businesses hit with closures, labor, supply chain issues and other challenges.
PayJunction Team
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How to Comply with Visa’s New Fraud-Fighting Rules
Visa recently introduced new rules for e-commerce fraud prevention. This article explains how these rules impact your online business and steps you need to follow to avoid new fees.
PayJunction Team
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Visa Requires Online Refunds
Until recently, Visa refunds occurred offline. What does that mean, exactly?
Ursula Librizzi
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Credit Card Fraud in America Today
According to the most recent Nilson Report, $24.26 billion is lost worldwide to credit card fraud on an annual basis, which is comparable to the Gross Domestic Product of nations such as Iceland and El Salvador.
PayJunction Team
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Mastercard Cards Without Signature Panels Starting April 2019
If you haven’t noticed, a major trend has emerged in the last year around signatures and credit cards. In late 2017 and early 2018, card brands announced major changes to their signature requirements. Mastercard is now taking yet another step away from signatures.
Ursula Librizzi
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