Sidekick - Winter 2014 - (Page 49)
Save Money on Credit Card Processing
KEITH DRAYER
VICE PRESIDENT OF
HENRY SCHEIN
FINANCIAL SERVICES
One way to
ensure you are
not overpaying
to process
credit cards
is to look for
companies
that offer a
rate guarantee.
Accepting credit and debit cards
has become a necessity for dental
practices. Patients increasingly want to pay
their bill by credit or debit card because of the
ease, convenience, ability to better manage
their finances, and the opportunity to earn
points, miles, and other rewards. There are
many benefits to accepting credit and debit
cards including increased cash flow, reduced
collections, and improved staff productivity.
However, one area where practices often overpay
is credit card processing. Many payment
processors claim to offer the lowest rates, but
often charge hidden fees or offer low rates
initially, but increase them over time.
One way to ensure you are not overpaying to
process credit cards is to look for companies that
offer a rate guarantee.
Henry Schein Financial Services works
with Moneris Solutions, offering a $500 rate
GUARANTEE. If you want to save money on your
processing costs, simply provide us with three
months of statements from your current card
processor. Moneris will analyze the statements
and determine what the practice is truly paying
to process each transaction-a cost known as the
"effective rate." If Moneris can't beat or at least
meet that rate, they will post a $500 credit to the
practice's Henry Schein account that can be used
to offset any Henry Schein purchase. There is
no cost for the analysis and there's no obligation
to sign with Moneris afterwards. Moneris has
already saved many Henry Schein customers
hundreds and even thousands of dollars a year on
their payment processing, including Dr. Martha
Villasenor of Woodridge, IL.
"My Henry Schein and Moneris reps encouraged
me to obtain a processing statement to see if they
could save me money on the monthly credit
card rates and fees. I am very happy they did
because my current bank was not even sending
me a statement each month. I had no idea how
much I was being charged. When we finally
obtained a statement, Moneris was able to save
me well over $143 per month! Thanks again to
Henry Schein and Moneris for helping me save
money and lower those fees!"
Heather Haught, Office Manager for Blackman
and Bliss DDS, also signed with Moneris once
she saw how much money her practice
could save.
"In May 2013, our Henry Schein rep told us
about Moneris Solutions. After learning of the
savings our office could receive, we immediately
switched our credit card processing to Moneris
Solutions. We are very happy with the savings
we see each month due to the lower rates
Moneris provides. When our Web site is
completed, we will be switching our online
payments over as well. I would recommend this
service to any dental practice or business."
Henry Schein Financial Services is committed
to matching or improving your current
transaction rates and providing you with quality
customer service. Contact HSFS at
(800) 443-2756 or hsfs@henryschein.com for
more information.
About the Author:
Keith Drayer is Vice President of Henry
Schein Financial Services (HSFS). HSFS helps
health care practitioners operate financially
successful practices through our diversified
suite of financial and business resources. HSFS'
portfolio of resources is designed to give our
customers the financial advantage critical to
success in today's changing marketplace.
Sidekick | Winter 2014
49
Table of Contents for the Digital Edition of Sidekick - Winter 2014
Sidekick - Winter 2014
Contents
TeamSmile Scores a Win for Children’s Oral Health in Atlanta
Amazing Decor and State-of-the- Art Technology Key to Innovative Business Model
Privileges
Featured Designs
Can a Single Piece of Technology Make That Big of a Difference… Oh Yeah!
Midwestern University Dental Institute
R.I.P. Windows XP
TechCentral
Market Report: Dental Of ce Rental Rates on the Rise in 2014
Better Patient Care Starts with Better Imaging
Henry Schein Financial Services
Save Money on Credit Card Processing
ProRepair
Building a Successful Pediatric Practice, From the Ground Up
Henry Schein In-Office Service
A New Era in Dental Management and Marketing
Professional Practice Transitions
Reinvent Your Practice as the Gateway to Health and Wellness
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