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Keeps your office in compliance with new laws regarding repetitive credit card use- Are you currently running credit card transactions every month for some clients? If so, you may be exposing yourself to the risk of high fines and loss of credit card processing privileges. Recently, the federal government has begun cracking down on merchants who are not in compliance with PCI certification regulations. The law requires anyone who stores clients' credit card numbers to pay for an annual security audit and be PCI certified to be in compliance with federal regulations. The audits are EXPENSIVE, starting at $10,000 to $25,000 per year. If you use DOCPAY card payments, you will no longer be storing the credit card numbers on site and thus, be exempt from the PCI certification requirements. Decrease your liabilities- If you store credit card numbers in your office and that list is compromised, then YOUR OFFICE is responsible for all charges made to those cards! For example, if you have 20 card numbers on file and each account has a $5000 limit, a credit card thief could run a total of $100,000 in charges and you would be responsible for reimbursing your clients the entire amount! Encourages patients to have the work done- Some patients are just very hesitant to set up a payment plan that uses their bank account. Others want to use their credit card to earn rewards from their credit card company. A Payment Plan that uses payments from their credit card encourages them to accept the payment arrangements and proceed with getting the work done in your office. |
Why do I need DOCPAY Card Payments? |