Minimizing chargebacks is vital for healthcare merchants to maintain a healthy merchant account. Medical chargebacks not only incur substantial costs but can also lead to increased fees from payment processors. By effectively managing chargebacks, you ensure the longevity of your account, prevent additional expenses, and avoid potential account closure.

Given HIPAA’s regulation of medical-related operations, security emerges as a paramount concern. Data breaches can inflict severe damage on acquiring banks and medical enterprises, making robust security measures imperative.

Medical purchases frequently exceed $50 per transaction, carrying inherent expense. High-value transactions pose greater risks involving chargebacks and fraudulent activities. Consequently, many banks opt to abstain from collaborating with medical merchants, given these concerns.