MERCHANT ACCOUNTS FOR THERAPISTS, PSYCHOLOGISTS, COUNSELORS & PSYCHIATRISTS
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Key-Entry (Web, |
Retail Swiped Transactions | |
| Credit/Debit card is not present | Credit/Debit card is present | |
| Low Cost | ||
| Set up, membership, annual fees | None | None |
| VISA/MC rate (AMEX & DISC set own rates per credit hx & sales vol) | 2.19% | 1.69% |
| Item transaction fee | 0.25 cents | 0.25 cents |
| Monthly maintenance & statement fees | $19.95 | $15 |
| Monthly processing minimum | $15 in transaction fees | $10 in transaction fees |
| Yearly contract? | None – cancel at any time | None – cancel at any time |
| Termination penalties? | None (with written notice) | None (with written notice) |
| Equipment to buy | No equipment to buy or lease | $75 per credit card reader |
| Easy to Use | ||
| Recurring billing for regular patients | Yes | No |
| Integration with your billing software | Yes | Yes |
| Sell services/products online with a website shopping cart | Yes | No |
| MAC compatible | Yes | No |
| ChargeEasy credit card reader plugs directly into your computer USB port | N/A | Yes |
| One ChargeEasy account can support several computers & locations | N/A | Yes |
| Print customer receipts from your computer | Yes | Yes |
| Send customers receipts by email | Yes | No |
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Virtual terminal (key entry, fax, phone, & mail-order sales, & issuing credit returns |
Yes (non-qual 3.49% for corp, gov’t,or intnl cards) |
No (non-swiped 2.99% unverified VISA/MC. |
| Monthly itemized charge reports | Yes | Yes |
| Access your virtual terminal from any computer with Internet access | Yes | Yes |
| Free customer and technical support via Authorize.net (6am – 6pm PST) | Yes | Yes |
| 100% gross daily settlement of VISA/MC & 48-72 hr deposit into checking acct | Yes | Yes |
| Secure | ||
| Transactions encrypted via Authorize.net’s 128-bit SSL tech | Yes | Yes |
| HIPAA compliant – diagnosis and procedure codes are excluded | Yes | Yes |
| Patient information is not shared with third party vendors | Correct, but learn how PayPal shares your info | |
| Print and use our sample credit/debit card payment consent form | Download in MS Word |
N/A |
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