Are Payment Processing Issues Impacting Your Practice?
Medical Merchant Services
At Bankcard International Group (BIG), we specialize in providing medical merchant services designed specifically for healthcare professionals who need reliable, efficient, and secure payment processing solutions. Whether you run a cosmetic surgery clinic, a chiropractic office, or a holistic wellness center, we’re here to help you navigate the complexities of accepting credit card payments while ensuring compliance with industry regulations.
We Understand the Unique Challenges Medical Merchant Accounts Require
For many medical professionals, securing a merchant account can be more complicated than it needs to be. Banks often categorize medical services like plastic surgery, cosmetic dentistry, and alternative therapies as “high-risk”. Obtaining a high-risk merchant account can be a hurdle for some practices. However, credit and debit card payments are essential for streamlining your operations, improving your cash flow, and offering convenience to your patients.
We understand how this can affect your business. We also know that providing your patients with a seamless, stress-free experience is key. That’s why we’re committed to making the process of securing medical merchant services as straightforward and efficient as possible for your practice.
Why Medical Practices Are Often Considered High Risk for Merchant Services
You might be wondering, “Why is my medical practice considered high risk?” It’s a common question we hear from medical professionals. Banks often classify healthcare practices as high risk for several reasons:
- High Chargeback Rates
Medical services, especially elective procedures, tend to have higher rates of chargebacks. Patients may dispute charges if they feel a procedure didn’t deliver the expected results or if they have second thoughts after paying upfront. - Large Transaction Sizes
The larger the transaction amount, the greater the perceived risk. Plastic surgeons, cosmetic dentists, and chiropractors often handle high-value payments, which can flag their businesses as risky. - Regulatory Concerns
Some medical services, especially alternative treatments like acupuncture and massage therapy, aren’t covered by traditional insurance. This can raise concerns about the legitimacy of the services, leading to higher scrutiny from banks. - Recurring Payments
Practices that offer subscription-style services or recurring treatments may face additional scrutiny. Payment processors often consider recurring billing riskier due to the potential for disputes or cancellations.
How BIG Solves These Problems
At BankCard International Group, we don’t believe that being labeled “high risk” should prevent you from offering top-notch services to your patients or from running a profitable business. We specialize in high-risk merchant accounts and understand the nuances of your industry. Here’s how we can help you:
- Custom Payment Solutions
We provide flexible, customized payment solutions tailored to your specific medical practice. Whether you need to accept one-time payments or set up recurring billing, we’ll create a payment processing plan that works for you and your patients.
- Secure Transactions
Patient trust is everything. We use the latest security protocols and encryption technologies to ensure that every transaction is secure. This helps protect sensitive patient information and reduces the likelihood of chargebacks.
- Low Processing Rates
Many high-risk merchant service providers charge exorbitant fees, but we pride ourselves on offering competitive rates. We know how important it is for your practice to keep costs low, so you can focus on patient care.
- Quick and Easy Approval Process
Because we specialize in medical merchant services, we know what it takes to get your account approved—fast. Our streamlined approval process ensures that you won’t be left waiting, so you can start accepting credit card payments as soon as possible.
- 24/7 Support
Running a medical practice is demanding, and you need a partner who’s there when you need them. We offer 24/7 support to ensure that any issues with your payment processing are addressed quickly and efficiently.
Who We Serve: Medical Merchant Services Accounts
We provide tailored payment solutions to a wide range of medical professionals. Each type of practice faces unique financial and regulatory challenges, and our team has the expertise to meet these needs head-on. Here are just a few of the medical professionals we serve:
- Plastic Surgeons
High-ticket procedures and cosmetic services often make plastic surgery practices high-risk, but our payment solutions allow you to accept credit cards with confidence. - Cosmetic Dentists
Elective cosmetic dental procedures also fall into the high-risk category. We make it easier for your patients to finance their smile transformations by offering flexible payment processing options. - Estheticians
From facial treatments to skin rejuvenation, estheticians offer services that are often considered “luxury” by banks. We ensure your clients can easily pay for their beauty treatments without the hassle. - Massage Therapists
Whether you specialize in therapeutic or relaxation massages, we provide merchant accounts that meet your specific needs while offering low rates and reliable processing. - Acupuncturists
Holistic and alternative therapies like acupuncture can sometimes be considered outside the traditional medical framework, leading to higher rates from payment processors. We help bring these costs down so you can focus on healing. - Chiropractors
Chiropractic services are essential for many patients, but payment processing can be an administrative headache. We streamline the process for you, ensuring your patients can easily pay for their care.
Why Choose Bankcard International Group?
We have years of experience working with high-risk merchants across a wide range of industries, and we’ve honed our services to meet the specific needs of medical professionals. From the moment you partner with us, we’ll work to understand your practice and provide solutions that align with your business goals.
We take pride in offering:
- Industry Expertise
Our team is well-versed in the challenges that come with running a medical practice, especially when it comes to accepting payments. We’ll provide insights and advice to help you optimize your payment processing. - Transparent Pricing
No hidden fees, no surprises. We believe in clear, upfront pricing so you know exactly what to expect. Our rates are competitive, fixed, and our terms are flexible. - A Long-Term Partnership
We’re not just here to set up your account and walk away. We’re committed to being a long-term partner in your success, providing ongoing support and monitoring to ensure your payment processing continues to meet the needs of your growing practice.
Get Your Medical Merchant Services Account Today
Whether you’re a plastic surgeon, chiropractor, or alternative health provider, we’re here to provide the payment processing solutions your practice needs. At BIG, we take the stress out of securing a high-risk merchant account so you can focus on what matters most—your patients.
Contact us today to learn more about our medical merchant services and how we can help your practice thrive.
