Medical Supply Businesses Payment Processing
The global medical supply industry is valued at over $400 billion and continues to grow at an annual rate of 6%, driven by increasing healthcare demands and advancements in medical technology. Medical supply businesses contribute significantly to global GDP by ensuring healthcare providers have access to essential equipment. To support this industry, seamless and secure medical supplier payment processing is crucial for efficient transactions and business growth.
$400B
Worldwide Value of Medical Supply Businesses
6%
Average Annual Medical Supply Businesses Global Market Growth
$755B
Contribution of Medical Supply Businesses to Global GDP
Medical Supply Businesses Payment Solutions for Different Sectors
Merchant accounts for medical supply businesses cater to various sectors.
Wholesale Medical Distributors
Secure and scalable payment processing for bulk medical supply transactions.
Online Medical Supply Retailers
E-commerce-friendly payment solutions for seamless online purchases.
Hospitals & Clinics Suppliers
Reliable processing for large-scale medical equipment and supply orders.
Pharmacy Supply Chains
Efficient transactions for pharmacies purchasing essential medical products.
Veterinary Supply Providers
Specialized solutions for veterinary clinics and pet care medical supplies.
Home Healthcare Equipment Sellers
Payment processing for mobility aids, monitors, and home-use medical devices.
What are Medical Supply Businesses Payment Solutions?
Medical supplies payment solutions provide businesses with the ability to securely process transactions while ensuring compliance with healthcare regulations.
High-Risk Merchant Accounts
Tailored accounts designed to support the unique needs of medical supply businesses categorized as high-risk by payment processors.
Multi-Channel Payment Processing
Accept payments online, in-store, and through invoices with flexible and secure options.
Fraud Prevention & Compliance
Advanced security measures to protect transactions and ensure compliance with industry standards.
Benefits of a Merchant Account for Medical Supply Businesses
Having a dedicated merchant account for medical suppliers provides multiple advantages.
Reliable Transaction Processing
Ensures smooth, uninterrupted payments for both bulk and retail orders.
Expanded Payment Acceptance
Supports credit cards, ACH transfers, e-wallets, and other payment methods.
Chargeback & Fraud Protection
Reduces risks with AI-driven fraud monitoring and chargeback prevention tools.
Scalability for Growth
A flexible solution that adapts to your expanding business needs.
Key Features to Look for in Medical Supply Businesses Payment Solutions
Choosing the right medical supplier payment processing service involves considering essential features.
Seamless Integration
Easy API and plug-and-play compatibility with existing sales platforms and accounting systems.
Recurring & Bulk Payment Options
Automated billing for recurring purchases and high-volume transactions.
Regulatory Compliance
Adherence to PCI-DSS, HIPAA, and other industry regulations for secure and compliant transactions.
Fast Settlement Times
Quick fund transfers to improve cash flow and operational efficiency.
Vellis' Payment Solutions for Medical Supply Businesses
At Vellis, we offer specialized merchant accounts for medical supply businesses to streamline your transactions.
Open an Account
Begin your journey with a secure and reliable payment processing solution.
Complete Your Application
Get approved quickly with our smooth and hassle-free onboarding process.
Go Live
Start processing payments efficiently with a high-performance and scalable payment system.
FAQs
Open Your Account
Apply online for tailored Healthcare financial services.
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Vellis Inc. is authorized as a Money Services Business by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) number M24204235. Vellis Inc. is a company registered in Canada, number 1000610768, headquartered at 30 Eglinton Avenue West, Mississauga, Ontario L5R3E7, Canada.