PayJunction Review 2021: Features, Pricing, Alternatives

If your small business wants to accept payments, be they in-store or through your online store, the first step you’ll need to take is selecting the best payment service provider (or a PSP, for short) for your company’s needs. There are plenty out there to choose from, each with different advantages based on what your company needs. Some focus on tech-savvy solutions for selling wares online, while others provide a more balanced approach for brick-and-mortar and online selling. Just about every PayJunction review talks about how the platform stacks up on both fronts.

But which PSP is right for you? Sure, PayJunction might provide you solutions for both in-store and online purchases, but it all comes down to finding the right payment processing company for your specific business needs. That’s where the best PayJunction review can help steer you in the right direction. In this PayJunction review, we will dive into what you need to know about PSPs in general. Then, we’ll also dive into details on PayJunction’s major features, pricing, and a couple of PayJunction alternatives to consider.

What Are Payment Processors?

We all know that it’s easy for almost any business to accept cash, but credit cards offer more convenience and flexibility for customers. So the best small business strategies accept a mix of both cash and credit; and if your business does any selling online, of course, being able to accept credit cards online is absolutely crucial.

This is where PSPs come into play: companies like PayJunction and others enable stores and ecommerce merchants to accept credit cards and other digital transactions (such as PayPal, Apple Pay, Google Pay, or ACH payments) either in-person with physical terminals, or online through a secure payment gateway.

These payment processors route information from your customers’ bank and onto yours in order to get you paid, regardless of whether your customer swipes a card or manually inputs their credit card information. These services encrypt sensitive information and make sure that the details end up in the right place—all to help make sure your business gets paid rapidly every time someone flashes plastic at your store (whether that store is brick-and-mortar or digital).

In short,  PSPs like PayJunction take care of the messy business behind the scenes that make it possible for businesses to accept everything aside from cash (although they can help you keep track of that, too. More on that later).

PayJunction Features

PayJunction enables merchants to optimize how they accept payments and track sales information—just like most all-in-one PSPs on the market—but where PayJunction sets themselves apart from their peers is with their paperless solutions that digitally capture transaction histories.

Broadly speaking, this PSP’s toolkit includes a payment gateway, a point of sale (POS) terminal that can handle card transactions whether or not the card is present, and a few other features that help automate and streamline essential processes. But let’s take a closer look at what PayJunction can offer their business clients:

Smart Terminal: PayJunction’s cloud-based POS terminal can accept EMV, NFC, swipe cards, and Apple Pay payments. This plug-and-play terminal digitally stores your customers’ signatures and all transaction histories, which you can then easily search if the need arises down the line; then, your customers will have the option of a printed or emailed receipt. PayJunction also claims that their Smart Terminal processes payments almost four times faster than the average POS terminal, which better ensures a frictionless checkout process for both you and your customers.

ACH Payments: In addition to accepting all types of credit and debit cards, PayJunction can securely accept ACH payments at low transaction fees (0.75%, to be exact). If your customer pays via ACH check, you’ll collect their signature digitally and send them an emailed receipt.

Ecommerce Merchant Services: If you run an ecommerce business, PayJunction can act as both your payment gateway and your merchant account so you can securely accept payments online—just customize and embed their hosted checkout button on your business website and let PayJunction handle the PCI-compliant payment processing. PayJunction integrates with over 80 popular shopping carts, like 3D Cart and Magento.

Mobile App: With PayJunction’s free mobile app, iOS users can accept keyed-in credit card payments right from their phone or tablet.

Additional Payment Processing Features: As we mentioned, PayJunction also offers a few time-saving features that streamline and automate the payment process, all while keeping both your customers’ and your business’ security top of mind. For instance, the Smart Terminal can securely store credit, debit, and ACH information so you can easily search and refund purchases recharge repeat customers with one click, or to set up recurring billing. Plus, PayJunction can remotely capture signatures for card-not-present transactions to protect you against chargebacks.

Analytics: Use PayJunction’s native analytics tools to view a range of financial reports, like trends and comparisons over time and transactions by card type. And since all your data is securely stored in the cloud, you can easily search and export reports and transaction histories to keep for your records.

PayJunction Pricing

PayJunction uses interchange-plus pricing with a markup of 0.75% for all credit card transactions. If you’re already working with a payment processor and you’re looking to switch to PayJunction, PayJunction will provide you with volume-based pricing based on two months of billing statements.

Also, PayJunction has no long-term contracts, so you don’t need to worry about an early cancellation fee. They also won’t charge you a monthly, annual, or PCI compliance fee, or a fee for your payment gateway. The only exception is businesses that process under $10,000, which will need to pay a $35 monthly fee.

PayJunction Alternatives

PayJunction is a truly comprehensive payment processor that should be especially appealing to small business owners who want to digitize the checkout process and their records. But with so many payment processors available to small business owners, it makes sense to consider how PayJunction stacks up against the competition.

For a better idea of the payment processing landscape, let’s take a look at Square and Clover, two of the most popular all-in-one POS systems for small businesses:


As a small business owner, you’re likely aware of Square, a tech-forward platform that got its start as one of the first end-to-end payment service providers for small business owners. The merchant services company has since expanded to include even more tools and services for SMBs, like Square Capital, Square Payroll,  and Square Appointments, but we’ll focus on Square POS and Square Payments, the platform’s marquee products.

Square Payments is a scalable and customizable payment processing solution that enables your business to accept all forms of tender however you need to, whether that’s in person, over the phone, via mobile, or on your website. You can either choose to integrate Square Payments with third-party POS hardware, like Lavu and Vend, or choose among Square’s own range of POS hardware: Square Register ($799), their most powerful countertop solution; Square Stand ($199), which enables you to accept chip and contactless payments through your tablet;  Square Terminal ($399), a compact countertop register; or Square Readers ($10-$49), which plug into your phone or tablet so you can accept credit cards on the go.

Beyond processing payments, Square’s software can help you manage a range of back-end processes, too, like inventory tracking, employee management, analytics, payroll, marketing, and CRM tools, though these tools may cost you extra. Square does offer users a free basic software with the Square POS app, which is compatible with both Apple and Android devices. Square also provides specialized POS systems for certain types of businesses, like retailers, restaurants, salons, and professional services.

Square runs on a pay-as-you-go model, and their per-transaction fees vary depending on which POS tool you’re using and which kind of payment you’re accepting. You can take a look at Square fees to determine exactly how much you’ll be paying for every transaction processed.

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Like Square, Clover is a highly customizable, all-in-one POS solution that can accept all types of payment, including EMV cards, NFC cards, swipe cards, checks, and cash. Clover really shines in its in-person payment processing hardware, so ecommerce businesses may do better with another payment processor designed to integrate with online stores.

But if you want to accept physical payments at your brick-and-mortar location, over the phone, or on the go, you’ll have the option of Clover’s four POS solutions:

  • Clover Station (starts at $1,199): A fully outfitted countertop register, complete with a cash drawer and receipt printer
  • Clover Mini ($599): A smaller version of Clover Station
  • Clover Flex ($449): A handheld, cloud-based POS system that accepts all types of credit cards
  • Clover Go ($69): A cloud-based mobile card reader that lets you accept credit payments on your smart device

On top of their hardware range, Clover also provides a virtual terminal so you can accept payments online.

Clover offers two service plans—Register Lite ($14 per month) or Register ($29 per month)—that provide users with various payment processing and business management tools, including offline payment processing, employee shift planning, financial reports, and access to the Clover App Market, which collects hundreds of third-party apps that integrate with your Clover system. Clover provides tailored solutions for specific industries, too, including retailers, service and repair businesses, restaurants, and quick service businesses.

Clover also offers flat-rate transaction fees, but those fees vary depending on which software plan you choose. With Register Lite, you’ll pay 2.7% + $0.10 per transaction for in-person transactions, or 3.5% + $0.10 for keyed-in transactions. If you sign up for the Register plan, you’ll pay 2.3% + $0.10 for in-person transactions and 3.5% + $0.10 for keyed-in transactions.

Is PayJunction Right for Your Business?

PayJunction is dedicated to streamlining and automating payment processing—and for PayJunction, that means doing away with paper receipts in favor of an all-digital, all-in-one solution that securely stores data in the cloud for easy organization and access, not to mention much more efficient bookkeeping.

No matter which type of payment you’re accepting through PayJunction, or through which method—be it in-person, via mobile app, through your online store, or over the phone—PayJunction boasts super-fast deposit times, which of course is a boon for any business that needs their cash fast (which is probably every business out there). It’s a scalable solution, too, which can work equally well for smaller businesses hoping to grow and multi-location, multi-department enterprises. All told, if you’re looking for a comprehensive payment processor—and you’re looking to cut down on your paper trail at the same time—then PayJunction is one of the best options for you.

Still, it’s not a bad idea to do some comparison shopping. In particular, we’d recommend taking a look at Square and Clover, two of the most popular payment processors for small businesses, before making a definitive commitment to PayJunction. And as you do so, you can always contact PayJunction to request a free consultation with one of their sales representatives to learn more about their service.

Brian O'Connor
Contributing Writer at Fundera

Brian O'Connor

Brian O’Connor is a contributing writer for Fundera.

Brian writes about finance, business strategy, and digital marketing. He is the former director of digital strategy at Morgan Stanley, and has worked at Foreign Affairs magazine, Student Loan Hero, and as a partner of a small consulting firm, too. Combined, these experiences allow him to offer a unique perspective on the challenges small business owners face.

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