Will I Be Able to Accept HSA From My Customers?

Merchant Services and Credit Card Processing for Online Gaming
December 13, 2017
Can I process HSA cards?
December 26, 2017

Will I Be Able to Accept HSA From My Customers?


If your business belongs to the healthcare/medical industry, chances are that this question crossed your mind: Will I be able to accept HSA from my customers? That is a legitimate question most especially these days where more and more payment processing innovations are introduced in the market.

What you need to know about accepting HSA cards is that there are certain requirements/standards that should be met in order for your business to process HSA payments. If your business meets such requirements, then there should be no problem accepting HSA payments.

What should be done to be able to accept HSA from customers? Consider these two items:

1. Work for your merchant category code eligibility (your merchant service provider should be able to help on this)

One important requirement is that your business should have an eligible merchant category code, which is determined by an HSA card’s particular plan (assigned to your business account, set by the card associations).

Below are are some examples of MCC eligible for HSA cards acceptance:

4119 – Ambulance Services (Dependent on Plan Administrator)
5976 – Orthopedic Goods-Artificial Limb Stores
7277 – Debt, Marriage, Personal-Counseling Service (Dependent on Plan Administrator)
8011 – Doctors-not elsewhere classified
8021 – Dentists, Orthodontists
8031 – Osteopathic Physicians
8042 – Optometrists, Ophthalmologists
8043 – Opticians, Optical Goods, and Eyeglasses
8050 – Nursing and Personal Care Facilities
8062 – Hospitals
8071 – Dental and Medical Laboratories
8099 – Health Practitioners, Medical Services-not elsewhere classified

2. Find a reliable merchant account service provider

There are many merchant service providers you can find around, but choose one that has be proven reputable in the industry. Your criteria should include affordable processing rate / fee, the technological innovation, professional customer support, system seamless integration, expertise on HSA payment processing, among others.

Why go for HSA card processing?

If your business falls in any of the codes specified above, then you most likely are qualified to accept HSA cards. But why go for HSA card processing? It will significantly improve your payment collections. It is an effective way to:

  • Eliminate manual payment collections
  • Manage all transactions electronically through secure networks
  • Provide full PCI-compliance
  • Hasten the availability of funds
  • Reduce costs associated with paper check processing
  • Manage/process all payments through a single portal
  • Build useful reports

In conclusion, 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.

For more information about HSA card acceptance, contact us here at Swipebox at (720) 277-0648