Choosing the right merchant processor for your medical practice will help you save money, ensure smooth electronic transactions, and provide your patients with an optimal customer experience.
But not all merchant processors are created equal.
A processor that specializes in high-volume hospitals may not be the right choice for a small doctor-owned practice or medical startup.
Here’s how to choose a merchant processor that’s right for you:
Consult any medical associations you belong to and ask other members about their merchant processor.
Since virtually every type of medical practice needs credit card processing, you’re sure to get some great recommendations.
You can also choose a merchant processor based on their relationships with established medical groups.
For instance, merchants like Gravity Payments, NXGEN, and TSYS all have ties to leading medical alliances and nonprofits in the U.S.
The American Medical Association is another great resource for choosing a merchant processor, and provides a comprehensive list of questions to ask before entering into a contract.
Be sure to do your research and shop around for a merchant processor that offers competitive rates and medical industry expertise.
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