Telemedicine Merchant Accounts

Partner with a payment provider that knows all about the telemedicine industry.

The telemedicine industry is growing by leaps and bounds. In fact, the market for telemedicine businesses is expected to grow from $90 billion in 2021 to $638 billion in 2028. There are several reasons for this expected growth, including, of course, the COVID-19 pandemic.

Once both healthcare providers and patients experienced the convenience and safety that the telemedicine industry can offer, payment processing solutions that allow for seamless and secure card-not-present transactions became the norm.

Hence, the need for payment technology companies that specialize in hard-to-place merchant accounts for telemedicine payment processing.

Why choose Humboldt Merchant Services?

Picking Humboldt as your telemedicine payment processing partner is just what the doctor ordered. Since 1992, we've been offering hard-to-place merchants like you the processing solutions you need.

Reliable and affordable telemedicine merchant accounts.

Secure virtual terminal access to accept payments over the phone.

Emailable or textable invoices that your patients can pay online.

Up-to-the-minute payment hardware including our full suite of Payanywhere Smart Solutions.

The very latest in fraud protection and chargeback reduction.

Secure access to a virtual terminal and multiple online payment gateways.

Award-winning, live customer care and technical support.

Why is telemedicine payment processing considered hard to place?

There are a couple of reasons that telemedicine businesses fall in the hard-to-place category, requiring the services of a specialty payment processor for merchant account approval.

The increased risk of the patient/customer disputes known as chargebacks.

The fact that the card isn't present for telemedicine payment processing, increasing the chance of fraud.

Compliance requirements for secure payment processing within the telemedicine industry.

For these and other reasons, you'll need to partner with a payment processor that specializes in hard-to-place processing accounts.

What are telemedicine merchant accounts?

Telemedicine merchant accounts are essentially business banking accounts that allow telemedicine businesses to accept payments, including:

Credit and debit cards.

ACH payments.

Mobile payments.

Online payments.

Mail and telephone order payments, and more!

You can secure a telemedicine merchant account through a contractual agreement between you (the merchant) and an acquiring bank, as well as, in some cases, a Member Service Provider (MSP), Independent Sales Organization (ISO), or credit card processor.

By entering into the contract, you agree to meet any requirements and regulations established for the merchant processing of credit card payments by the card brands (Visa, Mastercard, etc).

Unfortunately, you cannot get approved for a telemedicine merchant account from any old payment technology company. Instead, you'll need the expertise and sponsor bank relationships of a specialty merchant account provider like Humboldt.

What businesses need telemedicine merchant accounts?

All sorts of merchants can benefit from telemedicine payment processing.

Physicians in hospitals and private practices

Specialists consulting with providers in rural areas.

Merchants who need processing solutions for remote patient monitoring.

Mobile health providers (health-based apps, etc).

Medical device manufacturers and retailers.

The best telemedicine merchant accounts under the sun.

Partner with a payment provider that knows all about the telemedicine industry.

Why choose Humboldt Merchant Services?

Why is telemedicine payment processing considered hard to place?

What are telemedicine merchant accounts?

What businesses need telemedicine merchant accounts?