Everyone will have medical bills at one time or another. Whether your customers use credit or debit cards, your office needs the best processing service for several reasons. 

Whether it’s a one time or recurring payment, the information needs to be safe and secure, as does the equipment used for point of sale.

There’s even more to think about, like why you need medical credit card processing, the best credit card processing for small business 2022, and features a good healthcare payment processor should have, such as a revolving line of credit. 

Why You Need Medical Credit Card Processing

First of all, a medical credit card is one that can only be used for eligible medical, dental, healthcare, or even veterinary expenses. If you’re approved for one, a medical credit card can indeed help finance healthcare expenses that insurance and the patient’s savings account can’t cover.

Why do you need the best credit card processing for medical office? Why do medical business financing options matter so much? In short, it will make it easier for your patients to pay you. Increasing the contact your customer comes in contact with your brand during the payment process can mean reducing costs, increasing cash flow to your office, and earning trust from your patients.

The Best Healthcare Credit Card Companies in 2022

Here are the best credit card processing companies for healthcare, broken down with important details to keep in mind, including credit card processing for small business no monthly fee.

1. Payline Data

Payline Data is a great option for credit card processing for medical office, from doctor’s offices to clinics. They offer a Quickbooks online payment portal, as well as regular point-of-sale equipment for in-office payments.  On top of that, they offer multiple mobile payment processing choices.

The next part is more for the office and less the ease of payment for the patients. Payline Data offers Cloud-based business and inventory management. That can make a day at the office a little bit easier.

In most cases, the company is able to offer interchange-plus pricing, as well as a month-to-month agreement with no early termination fees.

The good news is Payline Data has been in business since 2009 and since then, it has kept a clean complaint record. It also holds a grade A with the Better Business Bureau.

2. Host Merchant Services

Host Merchant Services is known for being well suited for hospitals, clinics, and other healthcare providers, but also for its immense praise for its customer service.

HMS primarily offers web hosting, point of sale solutions, along with mobile credit card processing and business class email.

Another reason the Better Business Bureau and Card Payment Options gave Host Merchant Services credit card processing an A+ is because they specialize in e-commerce for healthcare organizations that strongly rely on web presence.

3. Fattmerchant

Fattmerchant, which has been active in healthcare credit card processing since 2014, is efficient in serving all standard risk healthcare settings with both EMV-compatible countertop and virtual terminals. Other conveniences  Fattmerchant offers are online payment capabilities, online shopping cart, and mobile phone processing. 

Fattmerchant is best known for its numerous pricing plans at varying rates from flat rates to fixed ones. Merchants can choose whether or not they are charged a percentage markup.

All these amenities are the reason the Better Business Bureau rated them A+ and an A by Card Payment Options.

4. CDG Commerce

CDG Commerce offers several amenities, including payment processing for in-person, online, and mobile healthcare services.

The Better Business Bureau gave it an A+ rating for plentiful positive ratings. That most likely stems from providing a free payment gateway, automated fraud alerts, and custom reporting. They also offer Quickbooks integration, AVS, and chargeback notifications.  

CDG Commerce also offers month-to-month agreements with no early termination fee to its merchants. Rate quotes will vary depending on the business type and processing history.

5. Dharma Merchant Services

Dharma is best suited for merchants that process in excess of $10,000 a month, which is why it’s suited for most healthcare providers. It has a very confident list of customer service comments along with rates and fair agreements.

Dharma Merchant Services also offers countertop terminals, mobile device payment processing, and an online payment gateway. 

Healthcare providers may find it even more tempting to choose them when they find out that Dharma donates a percentage of its profits to a non-profit organization of its choosing annually.

Dharma Merchant Services has received especially high scores from the Better Business Bureau and Card Payment Options, both rewarding A+ grades to the company.

How To Choose the Right Payment Processing System for Your Healthcare Business

From electronic payments to paper bills, to inability to accept all credit cards, thinking of the unique needs of your office needs to be front and center.

A list of those needs to keep in mind can include thinking about data and security, determining if your current payment processing system (i.e. point of sale hardware) and the new processing system will work together, and finding out what payment options are available.

A few key features processors should provide include online bill payment services, follow-up (such as text reminders), security features, point-of-service devices, data collection that accommodates your needs, and preauthorization and certified payment processing.

You may further research which credit card processing is cheapest for small business.

In closing, decision making begins with weighing out the ease of use for not only the business but also the clientele. For instance, most of your clients may be more inclined to pay in person instead of online or on their cell phones. Or it may be the exact opposite, which needs to be taken into consideration when picking out a merchant provider.

Are things like month-to-month payment options or no early termination fees important for your business? Would you rather have flat rates or fixed rates? Do you prefer Cloud-based business or do you tend to shy away from it? Would you prefer a dedicated account representative for the life of your account or just talk to whatever rep answers your call? Also, is learning how much line of credit for my business I can get important? And how does a business line of credit work? 

It’s all up to you, and hopefully this guide helps you make the right decision for your business.