Like you, our business has been upended by the recent health crisis. Best Card is the endorsed credit card processing provider for more than 40 dental associations, including ADA Member Advantage, and 95% of our clients are dental practices. We’ve seen how dramatically COVID-19 has affected the operations for dental offices and have talked to hundreds of offices used hiatuses to analyze their costs. In addition to savings, practices are looking for ways to streamline their patient/staff interactions in order to maintain safe distancing procedures. Best Card can help on both accounts
Reduce your Overhead
There are two big trends in dental credit card processing over the last few years.
- The average dental office is taking 64.9% more in credit card payments than they did just 10 years ago.
- The average cost of running cards for dental offices has gone up and those costs are mainly
from the processors rather than the card brands themselves. The average credit card processor
charged dental offices 3.05% on average, based on our comparisons for thousands of dental
offices throughout 2019. This was the first time that the average practice using another
processor was paying more than 3% in our company history
Do the math on a recent statement: total fees paid ÷ total card sales = your effective rate. Whatpercentage are you paying? Best Card dental practices average 2.18% effective rate; by switching toBest Card, practices save an average of $3,256 annually (24%) on their processing fees.
Understand your Costs
Unfortunately, credit card processing pricing can be confusing. There are many direct fees that allprocessors share that come from the major card brands (Visa, Mastercard, etc.) and there are fees paidto the processors for their services.
Many processors inflate profits by adding in hidden fees or surcharges in addition to legitimate fees.Many companies will also frequently raise their rates and fees above what you signed up to pay! A greatdeal you signed up for even a few months ago may no longer be saving you money.
Many processors inflate profits by adding in hidden fees or surcharges in addition to legitimate fees.Many companies will also frequently raise their rates and fees above what you signed up to pay! A greatdeal you signed up for even a few months ago may no longer be saving you money.
Streamline Your Processing
Many offices are looking for “contactless” or “touchfree” options for processing credit cards – to minimizethe contact between patients and staff during the payment process. We offer a variety of paymentoptions to fit the needs of any office including the ability to accept payments through your website andautomatically post payments directly to popular dental software.
Find a Trustworthy Processor to Help You Do it All
You can send Best Card a recent statement for a complimentary cost analysis. We’ll give you a detailedbreakdown of your estimated savings, and we will help you determine the processing method(s) thatwill work best for your practice, your patients and your staff. Email a recent statement to Compare@BestCardTeam.com or fax it to 866-717-7247
Best Card offers exclusive pricing to ADA members and unbeatable customer service. Reach us at 877-739-3952 to see what we can do to help bolster your practice’s bottom line.