Every good implant dentist and every happy patient will tell you that implant dentistry offers incredible value, but it remains true that high-quality treatment is an expensive business that relatively few can afford outright.
While many dental practices won’t want to extend a credit facility to patients, there is an easy but sometimes overlooked way of payments being made in instalments – via a credit card. In essence, you get paid in full while the credit card company tackles the monthly payments, any interest accrued and possible debt chasing.
So, offering a credit card payment facility has the potential to be a winner for both your business and your patients without a sting in the tail. However, there are many credit card providers out there with myriad terms and condition (and some of those are a little hidden), so you need to do your homework before choosing a company to partner with.
Processing fees need to be considered, alongside the length of any contract the provider may want you to sign. Then there’s the potential for any mark-ups and the cost of any equipment you might need to process the payments – to name just a couple more expenditure possibilities.
Let’s look at each of these in turn:
Finding the right credit card provider for your practice may seem like a daunting task but if you keep the four points mentioned above in mind, you are in a good position to start your search armed with information to ask the most salient questions.
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