Applying for a telemedicine merchant account

To apply with Corepay, merchants will need the following:

• Proof of business bank account
• Prior processing history
• Compliant website
• VIPPS Certification or proof of registration with Legit Script
• Chargeback history

What is a telemedicine merchant account?

A telemedicine merchant account is essential for any business in the telemedicine industry. It enables the company to accept payments quickly and efficiently while complying with security standards.

With the right merchant services provider, businesses can receive personalized support and integrations with various website platforms for efficient credit card processing.

Secure Payment Solutions for Telemedicine

Are you a telemedicine business owner struggling to find a reliable merchant services provider to process credit card payments? With the growing demand for remote healthcare services, it’s essential to have a secure and efficient payment processing system in place.

What makes telemedicine merchant accounts essential?

It’s a payment processing account designed for telemedicine businesses to accept cashless payments for remote consultations and treatments.

With the rise of telemedicine, there is a growing need for payment solutions that comply with HIPAA and PCI security standards, and that’s where telemedicine merchant accounts come in. These accounts allow businesses to securely process credit and debit card payments online, over the phone, or in person using a point-of-sale system.

Why choose Corepay as your payment partner?

For a seamless payment processing experience that prioritizes customer service and security, Corepay is your go-to solution. Offering fast and easy approval for telemedicine merchant accounts, Corepay ensures competitive rates with zero setup fees, making it an ideal choice for businesses seeking efficiency and cost-effectiveness.

What types of telemedicine services do we cover?

Now that you know why Corepay is the right choice for payment processing, let’s talk about the types of telemedicine services we cover. Corepay offers payment processing for all types of telemedicine services including psychology, prescriptions, checkups, and physical therapy.

Corepay provides a comprehensive, secure, and customer-focused payment processing solution tailored to your business needs. Key benefits include:

• Accept all major credit cards, eChecks, and ACH payments with no hidden fees or minimum transaction requirements.
• Benefit from personalized support from application to implementation with Corepay’s expert team.
• Enjoy advanced security features like fraud detection, PCI compliance, and encryption technology.
• Access 24/7 customer service, competitive pricing, and chargeback management for a seamless experience.

Telemedicine industry growth

The healthcare industry is constantly evolving, and the rise of remote treatment options is fueling the growth of telemedicine. Virtual aftercare and consultations are becoming increasingly popular, especially in North America, the most substantial and fastest-growing telemedicine market globally.

Benefits of telemedicine include:

• Reduced travel costs and waiting room time for patients.
• Lower overhead costs for healthcare providers.
• Faster consultations, diagnosis, and treatment.
• Improved access to healthcare in rural areas with provider shortages.

Additionally, telemedicine allows doctors to provide care without delay from any location with reliable internet access. As telemedicine expands, having a secure merchant account to accept payments is critical for healthcare providers looking to grow their services.

Telemedicine chargebacks

Chargebacks can be a significant issue for telemedicine businesses due to the high-risk nature of the industry and card-not-present transactions.

Causes of chargebacks:

• Fraud
• Service dissatisfaction
• Misunderstanding of charges

Strategies to prevent chargebacks:

• Offer clear and concise service descriptions.
• Use a reliable payment gateway.
• Provide top-notch customer service.

Working with a reputable merchant services company experienced in the telemedicine industry can also reduce chargebacks. Corepay offers tools like CB-ALERT to help monitor and manage chargebacks, keeping your fees low and customers satisfied.

Confidential information

Protecting sensitive information is critical for telemedicine businesses. This includes:

• Personal data: Names, addresses, social security numbers.
• Medical data: Diagnoses, treatment plans, medication lists.

Corepay ensures confidentiality through:

• Encryption and tokenization.
• Fraud prevention tools.
• Compliance with HIPAA and PCI standards.

High-ticket transactions

High-ticket billing is often deemed high-risk by banks and processors. Larger transactions pose greater risks, but Corepay’s tailored solutions can mitigate these challenges.

Why choose Corepay for payment processing?

For a seamless payment processing experience that prioritizes customer service and security, Corepay is your trusted partner.

Here’s what Corepay offers:

• Fast and easy approval for telemedicine merchant accounts.
• Competitive rates with zero setup fees.
• Support for all major credit cards, eChecks, and ACH payments.
• Advanced fraud detection, PCI compliance, and encryption technology.
• 24/7 customer service.
• Chargeback management tools.

Choose Corepay for payment processing tailored to your telemedicine business, with a commitment to security and cost savings.

What types of telemedicine services do we cover?

Corepay offers payment processing for all types of telemedicine services, including:

• Psychology
• Prescriptions
• Checkups
• Physical therapy

We’re telemedicine payment processing experts

If you want to grow your business and accept online payments without the hassle, look no further than Corepay. We are confident in our ability to help your business thrive while saving you money on processing fees.

Fill out the application below to learn how Corepay can support your telemedicine business.