Internet based credit card processing

Written by Reed Tinsley, CPA | August 24, 2009

 

If you accept credit cards in your medical office, take a look at an internet-based option called Medireceipt (www.medireceipt.com).  Not only will it save you money on credit card processing fees, here are a few other things you might like about it:

First, your check-in/check-out staff will like un-cluttering their desks by getting rid of the credit card units.  Second, anyone at any terminal can take a co-pay without having to move from their seats.  You can eliminate renting credit card at anywhere from $10-15/unit/month.

Third, the reporting is better.  You can use it to tie out your cash, checks, and credit cards every day.  hYou can ave a single summary report rather than one for each terminal. Finally, you can use the same process to do electronic check processing.

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

Have questions? I’m here to help.