Merchant Accounts For Medical Supplies
SoarPay Is The #1 Choice For Medical Supplies Merchant Services.
Frequently Asked Questions
Here are common questions specific to medical supplies merchant accounts:
What types of medical supply industry businesses do you accept?
Soar Payments accepts a wide range of retail, eCommerce and dropshipping companies within the medical supply industries. These include micro and small businesses, as well as mid-sized and large corporate businesses. Product lines may include surgical gloves, medical apparel, surgical face masks, sterilization equipment and supplies, etc.
To be approved, your medical supply business must prove it can maintain a chargeback ratio below 2%. Applicants with a history of chargeback ratios exceeding 3% cannot be approved. Additionally, your business must be located, and operate, solely within the United States of America. The business owner must also be a US citizen or valid visa holder.
Is there a transaction ceiling for medical supply merchant accounts?
We know that medical supply orders often run in the thousands if not tens of thousands of dollars, and being able to accept credit card payments ensures your business can complete sales it might not otherwise make. Therefore, we let you tell us how much your largest typical ticket size runs; when an underwriter reviews your application, it will be reviewed with your business’ specific transaction ceiling in mind. However, know that a larger the approved single ticket size, equates to more financial risk to the credit card processor. Therefore, you may be asked to provide business financials or other documentation if the underwriting team deems necessary.
What types of medical supply merchant accounts does Soar Payments offer?
Soar Payments offers a full-spectrum of merchant services to medical supply companies. These include:
- Retail: A retail merchant account enables businesses to accept face-to-face debit and credit card payments via a traditional credit card machine or point of sale system.
- Mobile: A mobile merchant account enables your business to accept face-to-face credit and debit card payments via a swiper (included with each account) that plugs into your mobile phone or iPad.
- Virtual Terminal: Also called a payment gateway merchant account, a virtual terminal enables businesses to accept payments over the phone, via mail, or typed into a computer (without needing other equipment).
- eCommerce: An eCommerce merchant account allows you to accept credit card payments via your website’s online shopping cart.
Want more information? Click here to read our extended list of our FAQ.
Our friendly Customer Support Team is standing by to approve your application
Questions? (888) 225-9405
Accept Retail, Mobile, Virtual Terminal or eCommerce Payments
Retail businesses can choose from a traditional credit card terminal, wireless, or point of sale system. Whatever you choose, our retail merchant accounts will have you accepting credit and debit cards faster, and for less.
Want “on the go” mid or high risk credit card processing? Our mobile pay options are for you. Choose between iPad or mobile phone credit card swipers, compatible with both iPhone and Android devices.
Virtual Terminal Payments
Accepting payments over the phone, mail or typed in on your laptop is easy with our virtual terminal merchant accounts. No equipment needed. Just log in to your virtual terminal, and type in the customer’s credit card.
Selling online? Our easy to use payment gateways are compatible with, and simply plug in to most major shopping carts. Our mid and high risk merchant accounts are streamlined for eCommerce businesses.
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