
If you're considering cosmetic surgery, you may be wondering how to pay for it. Cosmetic surgery credit cards and financing options can make it more affordable, but be aware that not all credit cards offer 0% interest rates for long periods of time, which is 12-18 months.
Some credit cards offer promotional financing options, such as paying $99 per month for 60 months. This can be a good option if you're planning to make a large purchase, like a facelift.
However, be aware that these promotions often come with high interest rates, which can range from 22.99% to 27.99% APR. This means that if you don't pay off the balance in full, you'll be charged interest on your interest.
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Payment Processing for Cosmetic Surgeons
Payment processing for cosmetic surgeons can be a complex task, but PaymentCloud makes it easy with their merchant account services. They provide state-of-the-art POS terminals from trusted brands like PAX, Dejavoo, and Ingenico.
With PaymentCloud, you can focus on your practice and patients instead of dealing with administrative work like scheduling and accepting payments. Their dedicated account managers will guide you on which payment solution best suits your practice's needs.
To get started, simply sign up for a merchant account by filling out their contact form, and they'll take care of setting up custom solutions and integration. They can also handle any issues that arise, so you can save time and money.
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Payment Processing Requirements
To get started with cosmetic surgery payment processing, you'll need to sign up for a merchant account by filling out the contact form. A dedicated account manager will get in touch with you to learn the details of your business.
To set up a merchant account, you'll need to provide the standard documentation required for cosmetic surgery credit card processing. This typically includes the necessary information to obtain a merchant account.
Having a merchant account allows you to accept a variety of payment methods, including credit cards, and copay financing options. This makes it easier for your patients to pay for their plastic surgery.
PaymentCloud's merchant account services provide the technology needed for payment processing, including POS terminals from trusted brands like PAX, Dejavoo, and Ingenico virtual terminals. This technology is designed to make payment processing efficient and secure.
Processing Fees & Models
Processing fees can range from 1.5% to 3.5% per transaction, with medical practitioners often paying the higher end of these fees.
You can offset these costs with a zero-cost credit card processing program, also known as surcharging, which allows you to pass the credit card processing fees on to the customer as a surcharge added to the original price.
Laws regarding surcharging can vary, so it's essential to research and understand the regulations in your area.
A cash discount program, or dual pricing, can also be implemented, where you charge the original price for services but offer a discount for paying cash.
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Customer Payment Options for Surgery
Payment processing for cosmetic surgeons can be a challenge, but it's a crucial part of running a successful practice. Fortunately, PaymentCloud handles credit card processing, allowing you to focus on your patients.
To get started, simply sign up for a merchant account by filling out their contact form. A dedicated account manager will get in touch to learn the details of your business.
PaymentCloud provides technology for payment processing from state-of-the-art POS terminals from trusted brands like PAX, Dejavoo, and Ingenico virtual terminals. This means you can accept payments in person or online.
Their merchant accounts also make it easy to accept copay financing options, which can be a big help for patients who need to cover a high amount for their surgery.
Medical Cards and Financing
If patients can't or won't use credit cards, they still have financing options. Point-of-sale financing is offered through companies like Affirm, Afterpay, and Klarna.
These lenders charge less in fees and rates than typical creditors, which can save patients money. Your office will present the plan at the point of sale for a quick and efficient transaction process.
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CareCredit Financing is another option, which lets patients begin treatments immediately and pay for them over time with convenient monthly payments. CareCredit is exclusive for healthcare services and works just like a credit card.
Medical credit cards may also provide an easy-to-obtain method of financing for qualified individuals. However, it's essential to read the fine print, as many of these plans defer interest during a promotional period.
CareCredit Financing
CareCredit Financing is a patient payment program that lets you start treatments immediately and pay over time with convenient monthly payments.
You can use CareCredit like a credit card, but it's exclusive for healthcare services, making it easy to use for follow-up appointments or different procedures.
CareCredit offers flexible monthly payment plans at competitive or better rates than traditional credit cards.
Some plans even offer 0% interest for several months, making it a great option for those who want to enjoy procedures without breaking the bank.
To qualify, you can pre-qualify in minutes by applying online, making it a quick and easy process.
Just remember to read the fine print and be aware of any promotional periods and potential interest charges or fees.
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POS Financing
Point-of-sale financing is a viable option for patients who can't or won't use credit cards.
You can offer this financing through companies like Affirm, Afterpay, and Klarna. These lenders will pay you for the procedure, allowing for a quick and efficient transaction process.
The patient will then pay back the lender through regular payments, similar to a credit card.
These lenders charge less in fees and rates than typical creditors, which can benefit your patients financially.
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Insurance and Payment
Insurance and Payment is a crucial aspect of cosmetic surgery that can be overwhelming, especially when it comes to covering the costs.
High costs can run quite high, with patients needing to cover a significant amount.
We offer copay financing options to make it easier for patients to pay for their procedures. Our merchant accounts allow you to accept copay payments without issue, making it a convenient option.
Patients can explore various copay financing options to find one that suits their needs.
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Plastic Surgery Merchant Services
Plastic surgery can be expensive, and patients often need to cover a significant amount.
The good news is that you can accept copay payments without issue, thanks to merchant accounts that make it easy to process payments.
PaymentCloud offers a robust payment service that allows your office to accept a variety of payment forms using the most advanced payment methods available.
This means you can offer flexible payment options to your patients, making it more likely they'll choose your practice.
By accepting copay payments, you can also provide a more seamless experience for your patients, who can focus on their recovery rather than worrying about how to pay.
Frequently Asked Questions
What credit score is needed for plastic surgery?
A credit score of 620 or higher is often required to finance plastic surgery, but lenders consider multiple factors beyond credit score. Financing options for plastic surgery may be available with a lower credit score, but terms and conditions may vary.
How hard is it to get CareCredit for plastic surgery?
Getting CareCredit for plastic surgery is a quick and easy process that can be completed in under 15 minutes. Approval is granted based on basic information, similar to applying for a credit card.
Sources
- https://www.plasticsurgeryjacksonville.com/resources/financing/
- https://paymentcloudinc.com/cosmetic-surgery/
- https://www.newportbody.com/resources/financing/
- https://www.synergyplasticsurgery.com/patient-resources/financing-options/
- https://www.discover.com/personal-loans/resources/major-expenses/how-to-finance-plastic-surgery/
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