HOW IT WORKS
Let’s face it, the single use credit cards that are sent to you by insurance carriers for payment are extraordinarily expensive to your practice. Unlike payment by check or even ACH, you are likely paying very high credit card processing fees on each of these transactions. It doesn’t have to be this way!
The most expensive portion of every credit card transaction is the Interchange Fee. By using Stillwater Payments’ Virtual Terminal, we are able to identify the lowest commercially available Interchange Fee at the moment you are processing a payment. This dynamic pricing ensures that for any single transaction, you are paying the lowest total processing cost for that transaction. If a lower Interchange Fee is commercially available when you swipe the next payment, your cost will go down even lower.