These Price Changes go into effect on or after May 11, 2021
Credit Card Processing Changes Effective 5/11/21
Your merchant processing rates are changing as outlined below in alignment with competitive healthcare industry rates and in compliance with regulatory standards. Given the increasing costs to accept and process transactions for some card types, the base transaction rate is increasing slightly and the new rate for American Express cards is a different rate than all other card types. Please review the new fee structure outlined in the table below:
Gross Billing No Longer Supported
All accounts still on Legacy Gross Billing processing model, will be moved to Net Billing on, or soon after May 11th, 2021. This means transaction fees associated with your account will have already been deducted from your deposits when they're made throughout the month as transactions occur. You will no longer see fees debited separately 1-3 days after your deposit.
To learn more about Net Billing, please read: Net Deposits: Understand Credit Card Deposits and Processing Fee Withdraws.