If your business belongs to the healthcare or medical industry, chances are that the idea of accepting HSA cards crossed your mind. Why not? With lot of technological advancement today, particularly with the coming of the internet, it is just right to embrace new ways to collect payments to stay competitive, and to help improve your bottomline.
Why accept health savings account cards? Here are some compelling reasons why:
Eliminates manual payment collections
Manages all transactions electronically through secure networks
Provides full PCI-compliance
Hastens the availability of funds
Reduces costs associated with paper check processing
Manages/processes all payments through a single portal
Builds useful reports
In other words, HSA card processing means providing added convenience for your customers by increasing payment options that are effective and reliable, which in return can increase your bottomline.
Why many of your potential customers are patronizing HSA?
Offers triple tax benefits. HSA contributions are not taxed; funds put in an HSA grow tax-free; and, qualified medical expenses are distributed tax-free.
Annual growth. This means that your funds can continue to grow year after year.
HSA funds can be invested. This means, an HSA owner can invest his/her funds in mutual funds and other investment options.
Medical expenses reimbursement. This becomes possible when the HSA account was put in place before one incurred the medical expense.
Makes a good emergency fund. An HSA beneficiary pays for medical expenses from taxable account, but saves the receipts for the medical expenses.
Find a reliable merchant account service provider
There are many merchant service providers you can find around, but choose one that has been proven reputable in the industry. Your criteria should include affordable rate or processing fee, the technological innovation, professional customer support, system seamless integration, expertise on HSA payment processing, among others.
For more information about HSA card acceptance, contact us here at Swipebox at (720) 277-0648