There are numerous benefits to using a healthcare payment processing company. Here are 20 of the best in the industry. Read on to discover how each company can benefit your business. Read our reviews to learn more. And, don’t forget to share your experiences with these companies so we can all benefit from their expertise. This article includes reviews of DHARMA MERCHANT SERVICES, PAYMENTCLOUD, SQUARE, and more.
PAYMENTCLOUD
PAYMENTCLOUD offers a variety of options for healthcare providers. Its telemedicine solution includes an online payment gateway, credit card processing, and invoicing options. It also offers ACH payments and eChecks solutions for medical offices and other standard-risk businesses. Additionally, it offers a card reader and swiper for free for new users. PaymentCloud is also available for businesses that accept Square payments.
PAYMENTCLOUD is not to be confused with PayCloud Inc., which is another payment processing company. Founded in 2003, this company has a reputation for serving high-risk industries with exceptional customer service. It claims to work with businesses that other processors have turned down. This reputation has earned it a spot on the top of many lists. It also offers quotes and contracts.
SQUARE
In the world of health care, financing is an important aspect of the business model. While traditional banks still have a big hand in healthcare financing, new technologies can help healthcare providers become more efficient. Companies like Square and Amazon are leading the way in healthcare payment processing. They’ve been able to improve their profits by automating the repayment process. Their software allows for faster processing of payments.
As a leading provider of health care financing, Square’s health care investment expertise helps clients succeed. Its health care finance expertise allows it to work closely with management teams that are proven in their fields. Its unique proprietary tokenization scheme means that unencrypted payment data never touches Square devices or applications. Unlike traditional banks, Square’s security measures are a must. www.paymydoctor.com
Square has become a popular fintech company backed by Twitter CEO Jack Dorsey. Its healthcare products allow small businesses to offer their employees benefits such as health insurance and retirement savings. These programs are usually prohibitively expensive for small businesses. Square’s products include payroll software, health insurance, and retirement savings. For small businesses, this is an important step in attracting top talent.
DHARMA MERCHANT SERVICES
Dharma Merchant Services is a San Francisco based merchant account provider with a green environmental policy. Dharma donates a portion of its net profits to charities. It offers a low-cost payment processing solution for hospitals, physicians’ offices, veterinarians, and therapists. The company offers interchange-plus pricing and Level 2 and 3 processing. The company has a customer service support line available 24/7.
Dharma Merchant Services has a “A+” rating from the Better Business Bureau. This means they have never been accused of deceptive practices, and they do not have any complaints filed against them. Dharma has received a small number of complaints, but these are usually vague descriptions of “bad experiences.” They do not employ independent sales agents. Their customer support staff is staffed by knowledgeable, friendly employees who respond to any questions or complaints promptly.
Dharma Merchant Services offers a free virtual terminal, free online reporting, and online payment links. They also offer interchange-plus pricing and have excellent tech support. If you need a low-cost credit card processing company, Dharma Merchant Services is the best choice. They offer interchange-plus pricing, which is more affordable than interchange-plus pricing, and a variety of Terminals and Gateways.
STAX BY FATTMERCHANT
Stax by Fattmerchant specializes in healthcare payments processing and is one of the 20 best in its category. It was established in 2014 and is coming off a record-breaking 2020. The company has earned several accolades, including inclusion in the Deloitte Technology Fast 500. Stax’s robust dashboard provides deep insights into business operations. Businesses looking to accept credit cards should consider Stax, as it offers bespoke plans for high-volume organizations.
Despite its low transaction fees, Stax is not the cheapest option. However, it’s easy to use and has a wide range of integrations. It offers next-day funding for qualifying merchants. Stax may not be the best choice for micro and small businesses. However, Stax offers a free savings assessment, which can help determine whether the company is right for your company. paymydoctor
Stax accepts most major credit and debit cards, as well as ACH and virtual terminal payments. It has multiple integration options, including one-time set-up fees and monthly subscription fees. It can work with different hardware platforms. Third-party integrations are available for a monthly fee. However, there are no complaints regarding contract terms.
PAYMENT DEPOT
The biggest benefit of using Payment Depot for health care payment processing is its competitive pricing. Its low monthly fees and membership-based pricing make it a smart choice for companies that process high volumes of payments on a regular basis. The company doesn’t require large minimum monthly payments and offers flexibility for changes to your processing needs. In addition, it offers free trials for up to two days.
The company offers various membership tiers, making it easy to adjust and upgrade as necessary. Moreover, customers can opt to pay on a month-to-month basis or for a whole year. Additionally, customers can cancel their memberships whenever they like. The customer service team at Payment Depot is responsive and helpful. Payment Depot is rated 4.7 stars on Capterra.
PAYLINE DATA
Payline Data is a full merchant account provider – not a third-party credit card processor. They offer their customers a full merchant account with their own unique merchant ID. Their reviews are largely positive, and they do not charge any additional fees. A full merchant account offers greater flexibility when integrating your payment gateway and reduces the risk of your account being frozen or canceled.
While Payline’s fee structure is not entirely transparent online, it does have a pricing chart listing interchange-plus providers. While you won’t find the fee structure for the services you need online, you will have to speak with a sales representative to find out how much processing you’ll have to pay each month. The minimum fee for a monthly subscription is $25 per transaction, which is considerably higher than the average fee charged by other interchange-plus providers.
Payline offers recurring payments and multiple settlement processing times per day. They can reduce the frustrations associated with accepting recurring payments. Additionally, they offer a more diverse selection of payment options and immersive encryption technology. Additionally, their ACH strategy ensures greater security than any other transaction strategy. If you run a medical practice or a hospital, Payline is an excellent choice.
CHASE PAYMENT SOLUTIONS
Chase Payment Solutions is a credit card processor and acquirer that can process transactions from a wide variety of e-commerce platforms. As a bank to over half of U.S. households, Chase Payment Solutions has the best payout of all the credit card processors and often offers no-fee options. Its services also help small businesses accept payments.
The company offers a range of point-of-sale payment options, including standalone terminals and mobile payment terminals. It also offers virtual web portals for payment processing and an app-integrated Bluetooth card reader. It processes EMV chip cards but does not yet support tap functionality. It has many of the benefits of other healthcare payment processing companies, but it is best suited for small businesses and is priced accordingly.
Credit
Healthcare providers can now accept credit cards for their services in a variety of ways. This includes accepting credit cards in person, online, or over the phone. To ensure the highest security levels, it’s important to work with a reliable merchant services company. Below are some things to look for in a healthcare credit card processor. All companies offer different levels of security, so it’s important to compare features and costs to determine which one is right for your business.
Best Card is a leading health care credit card processing company, partnering with Worldpay from FIS, a leader in EMV technology. Its secure payment solutions can reduce your overall costs while improving your practice’s efficiency. Fraudulent transactions can leave businesses and medical practices liable. While healthcare fraud is low overall, it can still affect a business. AuthoTrans can show your facility how to reduce the risk of fraudulent transactions by offering self-service options for patients.
