Credit card processing fees present a significant challenge for medical practices, often hidden beneath layers of complex charges. Merchant Advocate’s team specializes in helping practices uncover these hidden costs and maximize savings—all without requiring a processor switch. Discover how we can streamline your credit card processing and reduce expenses here.
As software companies increasingly integrate payment processing into their platforms, businesses may unknowingly face hidden fees. Exclusive processor relationships and outdated software can drive up expenses.
Read more about managing software integration costs here.
Surcharging is a hot topic for restaurants navigating razor-thin margins and rising card payment costs. While some businesses pass these fees to customers, others consider cash discounts. Understanding the pros, cons, and regulations of each approach is vital to making the right choice for your establishment.
Read more about surcharging and saving on processing fees here.
PCI DSS version 4.0 introduces key updates that dental practices must adopt by March 2025 to stay compliant and secure patient payment data. With the deadline approaching, understanding and implementing these changes is crucial to avoid breaches and penalties.
Read more about PCI DSS version 4.0 here.
Illinois’s new Interchange Fee Prohibition Act requires merchants to separate taxes and tips on card transactions, posing challenges for businesses. Compliance by the July 2025 deadline could require costly upgrades and training, making preparation crucial. Our own Eric Cohen spoke to Digital Transactions about why compliance could be difficult and expensive.
Learn more about how merchants can navigate the implications of this law here.
Veterinary practices are facing new challenges as states continue to introduce laws limiting credit card surcharges. These regulations aim to protect consumers, but they also put pressure on businesses to remain transparent while managing rising operational costs. Veterinary practices must navigate these changes by disclosing surcharges clearly and complying with state rules. Read more about how veterinary practices can navigate these new laws here.
In this article for Medical Economics, our CEO answers common questions from medical practices, including why it is important to optimize your processing costs, what you should expect to pay in fees, and issues surrounding surcharging and PCI/HIPAA compliance.
Our own CEO Eric Cohen was interviewed by Digital Transactions to discuss the impact of interchange fees on merchants. His take? It’s actually processing fee increases, not interchange, that are hitting business’s bottom lines the hardest.
In this episode, Eric Cohen of Merchant Advocate explains the critical need for orthodontic practices to understand credit card processing fees. He emphasizes the impact of hidden fees and offers strategies to monitor and reduce costs, ultimately enhancing practice profitability and valuation.
Ensuring good payment processing hygiene is essential for maximizing the valuation of your orthodontic practice, especially when considering a sale to private equity investors or outside buyers. Poor payment processing can lead to unnecessary costs, impacting your practice’s long-term value. In this final article of a series of 4, we explore how auditing and reducing card processing fees, correcting coding errors, and improving data handling can save you significantly and enhance your practice’s overall valuation. Don’t let poor payment processing hygiene harm your practice’s future.