Telemedicine and Online Payment Processing
Today’s medical industry is faced with constant and fast-paced growth so new technology is always implemented to give patients more access to medical help than ever before. Currently, recent growth in the industry shows a growing need for telemedicine merchant services.
Today’s medical industry is faced with constant and fast-paced growth so new technology is always implemented to give patients more access to medical help than ever before. Currently, recent growth in the industry shows a growing need for telemedicine merchant services. RevitPay has anticipated these growing needs and offers secure and innovative online payment processing for telemedicine service providers.
Choosing the Best Merchant Account for Telemedicine
The best way for telemedicine services to succeed is to provide different ways to accept cashless payments. Virtual care is an increasingly important part of the medical field.
Due to this, telehealth businesses have great chances for success but advantages over competitors are still necessary to thrive.
Things such as online payment gateways for telemedicine portals, possible alternative solutions for echeck and ACH payments, and invoicing options are crucial to operations. Using these functions, patients can easily input their payment information, pay securely, and depend on it for continuous use.
Payment Gateways
The future of non-face-to-face healthcare is online payment gateways for telemedicine portals. These allow healthcare providers to accept credit card processing for telemedicine through online platforms while still adhering to HIPAA privacy and security rules and the standards provided by the PCI Security Standards Council. Patients enter their credit card information and it is immediately encrypted and sent through the authorization process. After the payment is sent to the credit card provider, the transaction is either accepted or declined.
These are the ways that the payment gateway process can improve your online payment processing for telemedicine:
- Firewalls and security tools are used to make merchant accounts for telemedicine safe and standardized for medical transactions.
- Filters and specific features such as blocking IP addresses, adjusting the frequency of when payments are made, and declining transactions that don’t meet your criteria.
- Safely retain payment information for returning patients so they never have to re-enter their credit card information.
- Detailed searching of any transaction made in the system is easier.
- Electronic check processing and routing is simplified.
The Right Provider for Telemedicine Merchant Services
Offering credit card processing for telemedicine is a crucial investment for any practice but finding the best provider is a common hurdle. RevitPay provides services made to fit the specific needs of any practice. We provide the latest transactional technology to secure payment information while forming an optimized and simplistic experience for patients and practices.
These are the reasons that RevitPay is the right telemedicine merchant service choice for your practice.
Countless Integrations to Help You Run Your Business
RevitPay stands out from competitors through our nearly endless list of integrations. We are able to connect through virtually any website platform and provide smooth solutions for credit card processing. Also, RevitPay can create recurring billing and auto-invoicing options that will increase the efficiency of your telemedicine business.
Secure Credit Card Processing for Telemedicine
The main concern for any business owner is the protection and security of their and their customers’ information. Revitpay is dedicated to creating measures that not only detect and stop fraud but also ones that prevent it entirely.
PCI security cooperation is built into all of our resources and is just the start of our security protocols. Credit card prevention tools are used for all of our customers and their business accounts.
The best tool we provide is the knowledge of where fraud is coming from and the know-how to prevent it.
Our Standard of Excellent Customer Service
RevitPay’s staff of qualified, professional, and friendly account representatives are always ready to help you with any issue. With any request, you will be paired with one of our expert account managers who will get to know you and understand your telehealth business needs.
We excel at understanding your business and being a liaison with your supporting bank. RevitPay thrives in today’s competitive market as we aim to provide the best merchant accounts for your telemedicine business.
Questions related to this guide
How much are credit card processing fees?
Credit card processing costs most U.S. businesses between 1.5% and 3.5% per transaction. The floor is interchange — the card networks' published wholesale cost — plus your processor's markup. Online and keyed transactions cost more than in-person chip payments because card-not-present fraud risk is priced into the rate.
Read full answerWhat is a merchant account?
A merchant account is the arrangement with an acquiring bank and a payment processor that lets a business accept credit and debit cards. Card sales are authorized and settled through it, fees are deducted, and the funds are deposited to your business checking account, typically within 1–2 business days. Approval involves underwriting, because the bank takes on risk for every sale.
Read full answerWhat is a payment gateway?
A payment gateway is the software that securely captures card details on your website or app, encrypts them, and sends them to the processor for authorization — the online equivalent of the card terminal in a store. Gateways also handle recurring billing, tokenization, and fraud screening before a transaction ever reaches the networks.
Read full answerWhich industries are considered high-risk?
Commonly high-risk industries include CBD and hemp, firearms and ammunition, nutraceuticals and supplements, telehealth, vape and tobacco, subscription and continuity billing, travel, coaching and info products, debt services, adult products, and pawn. Most appear on the published restricted-business lists of Stripe, PayPal, and Square — which is why those providers decline them.
Read full answerWhat documents do I need to apply for a merchant account?
A standard merchant account application asks for a government-issued ID, your EIN or business registration, a voided check or bank letter for your settlement account, and about three months of recent bank or processing statements. High-risk businesses should also expect to provide licenses, supplier agreements, and financial statements.
Read full answerCan gun shops and FFL dealers accept credit cards?
Yes. Gun shops and federal firearms licensees (FFLs) can accept credit and debit cards, and Visa says it serves any legal purchase. Paying by card does not change the dealer's federal duties: record the sale on ATF Form 4473 and contact NICS before transfer. The harder part is finding an acquiring bank willing to board the business.
Read full answerWhat is a chargeback?
A chargeback is a card payment taken back by the cardholder's bank after the cardholder disputes it. The issuing bank sends the dispute through the card network to the merchant's bank, which deducts the amount from the merchant's account. Visa's merchant rules call this a dispute. Mastercard calls it a chargeback. The process is the same.
Read full answer