PMS

Physician Merchant Services (PMS)
Founded in 2012 by
Mark Harrison MD

Just The Facts

  • Physician Merchant Services is dedicated to reducing or eliminating the unnecessary fees associated with accepting credit card payments. 
  • Since 2012, our payment processing programs have been delivering tailored solutions, exceptional customer service and offerings to multiple types of businesses.
  • Whether its low-risk, high-risk, brick-and-mortar or e-commerce, PMS will create the highest quality processing program for your business.
  • PMS is Fully Transparent with No Hidden Fees.
  • PMS is DIRECT to the Bank which cuts out all Middleman Fees passing the savings on to our Clients.
  • PMS has a fiduciary responsibility to the merchant and takes the time to explain what each Fee is so the merchant knows exactly what they are paying.

An Educated Client is our Best Customer


Here is An Example of a Physician 

Charged a Predatory Merchant Fee   

The Ugly Truth About Merchant Services

The credit card processing industry has some of the most complex
pricing of any industry. To make it more difficult, the industry is so
competitive that most Payment Processors don’t try to make it transparent and even try to mislead what the pricing actually is.
 

Credit card processing fees can vary 50% for the same type and size of businesses located on the same street due to excessive added Middleman Fees.   

It is also common that Processors and Middlemen hide fees, overcharge for services or charge for unnecessary items. 

What’s worse is that some Payment Processors have so complex monthly statements with so many line items that it’s frustratingly difficult for Merchants to understand what they are paying. 

Merchants literally have to be Forensic Accounts to understand a merchant account statement.

Physician Merchant Services
Complimentary Consultation

  • Every business is different and that’s why Payment Processing can heavily impact your bottom line.
  • At PMS, it is our fiduciary responsibility to make sure that you understand your rate and fees with full Disclosure and Transparency. 
  • PMS will provide a Complimentary Consultation to ensure your business is not overpaying on your current credit card processing expenses
  • PMS will tell you if you are getting the best rate. 
  • If not, PMS will provide a rate comparison showing how much savings we can offer.   

What is Zero Cost Credit Card Processing?

  • Zero Cost Credit Card Processing is the fastest growing processing program throughout the country. It allows the business owner the option of shifting part or all of their Credit Card Fees to the customer and offset their processing overhead. 
  • There are two methods used to accomplish this goal. 
  • A merchant may charge a Surcharge Fee or a Convenience Fee.
  •  Surcharge Fees:
  • A merchant can choose to add a surcharge fee to transactions which customers pay when they opt to use a credit card.
  • The merchant will need to follow state laws and the rules set forth by the card brands.
  • In general, a business can charge no more than they what they pay in fees and they must post the amount at the point of sale.
  • To date, only two states and one jurisdiction do not permit surcharge Fees: Connecticut, Massachusetts and Puerto Rico.
  •     Surcharge Fees can only be added to credit card transactions. You are not allowed to add a surcharge fee to a debit card transaction. 
  •     Convenience Fees:
  •     A convenience fee can be charged for credit and debit card transactions and can exceed your processing costs. 
  •     There are separate laws regarding convenience fees. 
  •     In general, you can only add a convenience fee if taking a credit/debit card payment represents an alternative method to your standard form of payment.
  •    A business that traditionally accepts cash or checks for transactions but also offers credit card payments for convenience may charge an additional fee for that convenience. 
  •     Both of these fees are better suited for merchants that have larger transaction amounts.
  •     If a convenience fee is permissible for your business, it could be a better alternative to a surcharge fee simply because you have more flexibility in setting the amount.
  •     A convenience fee can be a fixed dollar amount or a percentage of the transaction.
  •     PMS will help you set up the program and keep you in compliance

 

Contact Mark Harrison MD For Your FREE Fee Check UP

  • Physician Merchant Services is dedicated to reducing or eliminating the unnecessary fees associated with accepting credit card payments. 
  • Since 2012, our payment processing programs have been delivering tailored solutions, exceptional customer service and offerings to multiple types of merchants.
  • Whether its low-risk, high-risk, brick-and-mortar or e-commerce, PMS will create the highest quality processing program for your business.
  • PMS is Fully Transparent with No Hidden Fees
  • PMS is DIRECT to the Bank which cuts out all of the Middleman Fees and passes the savings on to our Merchants.
  • PMS has a fiduciary responsibility to the merchant and takes the time to explain what each Fee is so the merchant knows exactly what they are paying.