Choosing The Best Credit Card Processing For Veterinarians

If you run a veterinary clinic then you must have a good payment system so that customers can avail of your service comfortably. The payment service should be such that you can accept credit card payments in person, over the phone, or even online. If there are multiple ways to pay then customers will be comfortable. According to a study it has been found that businesses that cannot accept credit cards lose a lot of revenue every year. Here are some things to consider when picking the best credit card processing company. 

Credit card fees

As a veterinarian, you can spend about 5% of your revenue every time the card processing company processes the payments. So, you have to shop around to find the company that offers the best rate. 

Monthly statement fees

The credit card company may charge a monthly statement fee. This fee is needed to pay for the mailing expense. However, not every veterinarian merchant services company will charge this fee. So, you can look around and find out which companies offer this service for free. 

Application fees

Some payment processing companies will charge an application fee when you start working with them. You can find companies that don’t charge this amount. A setup fee may also be charged as the payment processing company needs to send someone to set up the credit card acceptance equipment and other necessary things in your office. You can try to negotiate with the payment processing company to reduce or waive this fee. 

Monthly fees

You must find a credit card processing company that offers a minimum monthly fee. Some credit card payment processors may have restrictions on the number of credit cards you can use per month. So, you need to know about these conditions before you make a contract with them. 

Contract Term

Usually, a merchant contract service is for three years. If the contract is not canceled then it gets renewed automatically for another year. If you terminate the contract early for any reason then there will be a penalty. You must know about the full contract term before you finalize the deal with them. 

Have enough terminals

The veterinary payment processor must be able to provide multiple terminals so that you can process payments simultaneously. This means that you can discharge multiple patients at a time. This will ensure quick customer service.

Accept various cards

The payment processor must accept different types of cards, including Visa, MasterCard, American Express, and others. The charge will be different for different cards. You should learn about them. 

You should choose a payment processor depending on your needs. If you are looking for someone providing the cheapest rates then you might have to compromise on other features like transparency or customer service. If you want the highest level of security, then you might have to pay a little higher. When you consider all these factors in your decision making you will be able to get the best credit card payment processor for your business. 

Author's Note

The article includes information about Veterinarians merchant services company and the Veterinary payment processor. Read this article provided by leading merchant services provider company Host Merchant Services.