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Wiki Debit/credit card
- Thread starter mgoodson
- Start date
Walker22
Guest
I will not comment on the legality since I am not a lawyer, but it seems that this is a good way to anger your patients for very little return. If you are bound and determined to collect the processing fee, a better arrangement would be to give a discount to those who pay cash, like some gas stations are doing.
CodingKing
True Blue
You might be able to add a "convenience fee" but I believe it has to be a payment method other than in person such as via the web.
Cheezum51
True Blue
In most cases, the agreements signed with the credit card processing companies state that you cannot charge the patients for the cost of them using their credit cards.
I always looked at it as a cheaper fee to pay that was much less expensive than the cost of collection services to collect on bad checks.
Also, make sure you are getting the best rate for processing your credit cards. I always found that the most expensive fees were charged by doing it directly through any bank.
We used a company called Total Merchant Services which had great rates and the money for the charges was direct deposited into our business account. They also provided free processing equipment and updates.
Tom Cheezum, O.D., CPC
I always looked at it as a cheaper fee to pay that was much less expensive than the cost of collection services to collect on bad checks.
Also, make sure you are getting the best rate for processing your credit cards. I always found that the most expensive fees were charged by doing it directly through any bank.
We used a company called Total Merchant Services which had great rates and the money for the charges was direct deposited into our business account. They also provided free processing equipment and updates.
Tom Cheezum, O.D., CPC
CodingKing
True Blue
Well said. I'm one of those I never have cash on me (to avoid vending machines and unhealthy snacks) it's either collect from me right now or wait until I get around to it (ie about to go to collections)