SOURCE: Worldwide Merchant Services, LLC

Medical Merchant Accounts

March 22, 2010 16:50 ET

Medical Merchant Accounts: Save 30-50% on Pin-Based Debit Credit Card Processing With Worldwide Merchant Services

Managing Business Finances Is Crucial to the Success of All Medical Businesses; The One Area Most Often Overlooked Is How Much Money Can Be Saved by Utilizing Flat-Fee, Pin-Based Debit for Processing Credit Cards

NEW YORK, NY--(Marketwire - March 22, 2010) -  It is very common for customers to go with the first or second merchant account service they come across when setting up a medical business to accept credit cards as a form of payment. It is even more common for the business to stay with the same merchant services provider even though there could be substantial savings under another program.

Setup correctly the first time and avoid the headaches and losses:
In most cases, newly registered businesses are bombarded with calls about getting setup to process credit cards and other electronic payments such as eCheck or ACH. Those businesses that dove into the first offer without researching the market and finding the best possible solution are most likely paying the price with higher rates and fees. The best option for new medical businesses is to find a reputable merchant service broker who will shop around for the best deal before locking the client into an agreement with the processing bank.

Avoid processing VISA MasterCard payments with CareCredit machines:
Another common mistake most medical businesses make is processing all VISA & MasterCard transactions via a CareCredit terminal. CareCredit's processing fees range from 3.5-4.5% for all VISA & MasterCard credit & debit card charges which are more than double what VISA & MasterCard charge. Once setup with a pin-based debit machine, savings on non CareCredit payments are enough to surprise most owners.

Take advantage of fixed rates:
Pin based debit transactions are set at a flat rate which will be drastically lower than any percentage based credit card swipe fee. It is important to make sure your broker does not raise this fee at any point during the life of the contract unless the rates are actually raised by VISA & MasterCard themselves. There is no way for any merchant services company to avoid raising the pin debit rates proportionally because the entire industry will have to pay the new rates.

Worldwide Merchant Services, www.WorldwideMerchantConnect.com, provides medical pin based debit accounts as well as high risk & offshore merchant accounts.

Contact Information

  • Worldwide Merchant Services, LLC
    Call (866) 949-VISA (8472) Today!