Healthcare Payment Processor
Signature Payments has been providing merchant accounts to businesses for over 20 years. In fact, we specialize in helping merchants deemed “high risk” qualify for healthcare credit card processing when other providers reject them.
If you’re also having a difficult time finding a healthcare payment processor for your growing business, we can help. As experts in the industry, we have a team of in-house specialists able to guide you through the merchant account application process so you can start taking payments right away.
With Signature Payments You Get…
Easy Sign-Up
Our application can be accessed online for quick and easy completion in just a few minutes.
Fast Approvals
Our application review process is quick and easy so you can begin accepting payments in no time.
No Hidden Fees
Our team will work hard to get your account approved at the lowest possible rates with no hidden fees or extras.
Flexible Solutions
We partner with multiple banks and offer domestic and offshore solutions for the flexibility you need.
High Risk Telemedicine Merchant Account
What is a Telemedicine Merchant Account?
There are a few factors associated with medical credit card processing that put healthcare merchants in the high risk category. Those risks include:
Chargebacks
Businesses that provide consultations and not tangible goods, such as in telemedicine, are more prone to a higher number of chargebacks. A chargeback is similar to a refund — except that the customer reverses the charges through his or her bank instead of through you, the merchant. In addition to losing the sale, that chargeback can also negatively impact your merchant account status — resulting in higher fees or account termination.
Fraud
Because telemedicine merchants process card not present transactions where the card cannot be visually verified by the merchant, telemedicine merchants are more likely to be victims of fraud. As such, many providers are reluctant to offer healthcare merchant services to telemedicine businesses that operate primarily online.
Compliance
Telemedicine merchants require enhanced due diligence in order to properly vet any claims. This involves more time, paperwork and expenses for the merchant and the payment processor. For many providers, these extra costs aren’t worth the effort.
Common Questions About Our Telemedicine Merchant Accounts
What types of telehealth businesses do you accept?
Is Signature Payments compatible with my existing telehealth software?
Is Signature Payments a SIGIS member?
Yes. Signature is a registered SIGIS member. SIGIS is a program for eligible healthcare merchants that want to accept FSA or HRA cards. Visit https://sig-is.org/about-sigis for additional information.
What if my credit history is a little shaky?
What criteria does my business need to meet to be approved for a telemedicine merchant account?
How do I apply for telemedicine payment processing?
That’s easy. You can use our simple online application form to get started. After reviewing your application, we’ll follow up ASAP with next steps. If you have questions about our payment solutions or the application process, schedule a free consultation with our merchant services team today.