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The Modern Automotive Payment Experience: The Rise of Alternative Payment Options
Payment choice and flexibility are of critical importance for dealerships with an eye on long-term growth. This key finding is an overarching theme from a recent survey commissioned by PayJunction, that surveyed 500 U.S. consumers who own a vehicle, possess a credit card, and have visited a dealership within the past 12 months. The strongest lesson from the data is not that consumers prefer one payment method over another. It's that consumers want options. Whether they choose a credit card, debit card, cash, check, or Buy Now, Pay Later solution depends on their circumstances, financial goals, and stage of life.
PayJunction Team
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The Modern Automotive Payment Experience: What Surcharges Actually Influence
Payment choice and flexibility are of critical importance for dealerships with an eye on long-term growth. This key finding is an overarching theme from a recent survey commissioned by PayJunction, that surveyed 500 U.S. consumers who own a vehicle, possess a credit card, and have visited a dealership within the past 12 months.
PayJunction Team
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Credit Card Surcharge: Fees, Rules, and Implementation Considerations for Veterinary Clinics
Veterinary practices continue to face rising costs, from medical supplies and technology investments to staffing and facility expenses. At the same time, more pet owners than ever prefer to pay with credit cards, making payment processing fees a growing operational expense for many clinics.
PayJunction Team
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Is It Legal To Charge A Credit Card Fee? An Introduction to Card Brand And State Requirements
The answer isn’t always straightforward. Whether a business can legally charge a credit card surcharge depends on a combination of state laws and card brand requirements. While surcharging is allowed in most states, businesses must comply with specific rules regarding fee calculation, disclosure, and implementation. Because these requirements can change, it’s important to review surcharge programs regularly with both legal counsel and your payment provider.
PayJunction Team
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Credit Card Surcharge Laws by State: Considerations for Merchants
Credit card surcharging rules are not one-size-fits-all. While federal regulations and card brand rules provide a general framework, individual states still have unique requirements for credit card payments and credit card processing fees that merchants must follow. Below, we provide excerpts from and links to surcharging laws and regulatory guidance in certain states where merchants have raised questions in the past. The content provided here is for informational purposes only, may not reflect the most recent legal developments, and does not constitute legal advice.
PayJunction Team
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How Andean Chevrolet Reduced Monthly Processing Fees from $40k to $6k
Credit card processing fees were quietly draining margin at Andean Chevrolet. In June alone, the dealership spent nearly $40,000 on credit card processing. That level of expense limited their flexibility, and hurt their bottom line profit.
PayJunction Team
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