Tip Tuesday #34: We’re Showing You the Money

Tip of the Week: Check that your credit card processing company is giving you the best possible deal in order to save money!

Use this list to quickly check that you’re not being taken advantage of:

1. Check your providers website to see if they publish their pricing model and rates. A lack of transparency is your first red flag!
2. Check your statement. If there’s only one line item for Mastercard, VIsa, Discover, and Amex, you’re on a very deceptive pricing model.
3. Does your provider refund you the fees on refunds? Many providers double dip. Check to see if there are credits instead of debits in returns. Members Only Processing refunds bank fees on refunds.
4. Take credit card info over the phone? Make sure your gateway is prompting you to put in all the correct information to qualify for the lowest possible rate!
5. If your statement is less than three pages, there’s a problem.

If your provider raises one or more of these red flags, consider switching to a company you can trust.

When it come to processing companies, our doctors’ biggest complaints are high rates, long term contracts, and poor customer service.

In order to eliminate these problems for our doctors, we’ve partnered with Members Only Processing.

Members Only works on a simple, 0% flat fee, monthly subscription.  Clients pay the monthly fee and are able to run unlimited transactions!  No contract is required and there’s no hidden fees – ever.

TouchMD Tip Tuesday are tips to help improve your experience with our services. Tip Tuesday also gives you the opportunity to share feedback and additional tips of your own, many of which may be highlighted on our social media platforms.  Click here if you have a TouchMD tip you’d like to share.