PayJunction Blog

Real solutions to streamline your business.

Featured Resource: Assess Your
Merchant Statements

Are You Paying the Lowest Possible Debit Card Fees?

You may sometimes wonder if the payments industry has your best interest in mind. At PayJunction, we believe in ethical billing, as we’ve outlined in our ongoing unethical billing series. Our goal is to educate the business community about unfair billing practices.
Ursula Librizzi 12/5/2017 READ MORE
When Should You Apply a Tax on Shipping?

Taxes are mandatory fees imposed by the government on property, individual income and business profits, and they are added to the cost of certain goods or services. As a business owner, you face many taxes — the most common of which is sales tax. A sales tax is “a retail point-of-purchase tax imposed by state and local governments that is paid by the purchaser for goods and services,” according to The U.S. Small Business Administration.
Ursula Librizzi 9/21/2017 READ MORE
What Is a Chargeback?

Providing a simple chargeback definition isn’t easy because there are multiple types of chargebacks that can be filed. While they all share the same desired outcome, they differ in intent.
Christina Lavingia 9/19/2017 READ MORE
Does Your Brick-and-Mortar Business Need an Online Presence?

Small businesses have limited time and resources and are often stretched thin in multiple departments. Business owners need to be sure that they’re investing in valuable strategies and not getting caught up with the latest fad. Concerns over cost and the true necessity of an online presence top the list of reasons why almost half of small businesses haven’t set up a website. Does a small operation really need to go digital?
PayJunction Team 8/8/2017 READ MORE
What Is Tokenization?

If you’ve been to an arcade, you’ve likely dealt with tokens. When you enter the arcade, you trade legal tender for tokens, which can be used to play at the arcade but have no value outside the establishment. If you win a game, you earn tickets to cash in on a prize of your choice. But you can’t use the tickets elsewhere, they have no value outside the arcade.
Christina Lavingia 6/29/2017 READ MORE
What Causes Interchange Fluctuation?

If you’re on an Interchange-plus rate plan, you pay the wholesale cost to run a transaction (known as Interchange) plus a provider markup. The wholesale cost is determined by the card brands (Visa, MasterCard, Discover and Amex) and accounts for the risk or rewards associated with the card.
Christina Lavingia 6/22/2017 READ MORE