Lasik eye surgeon cash discount programs & surcharge programs are savings surgeons thousands of dollars each month.
Lasik surgeon cash discount programs are getting adopted more and more on a monthly basis. This innovative approach to eliminating all credit card processing fees has put thousands of dollars back into the pockets of surgeons and their associated practices. You might be thinking there are tons of new fees to counterbalance the elimination of fees. That is not the case. EliminateCardFees.com is proud to offer the first truly net-zero cost processing solution. On average most Lasik surgeons are seeing savings of around $3,000 per month when switching to a cash discount program for Lasik surgeons.
There is just one differentiating factor between cash discount programs for Lasik surgeons and surcharge programs. Cash discount programs offer a cash discount for cash-paying patients whereas a surcharge program does not offer a cash discount. With an additional $3,000 per month in average revenue realized, how would you use those funds? You could increase your pay, hire additional staff, modernize your practice, or do whatever you choose to do with those savings.
Many surgeons have opted to implement this innovative program due to inflation, the increased cost of labor, and the increased cost of goods. Surgeons simply pass the costly fees to the patients who typically use credit cards to stack airline miles, cashback rewards, and hotel points. There is no profit being made when implementing this program, you are just choosing to stop paying these costly fees which eat into your profit margins. In fact, if you choose to implement a cash discount program, many customers will be happy you are offering them the choice of getting a discount. Keep in mind, the discount is the net price you use to receive if they paid via credit card so there is no net loss to you (if they paid with a credit card, the net money that hits your bank account would be the same as the cash discount price)
Without question – the number one benefit of our lasik surgeon surcharge & cash discount program will be the monthly savings. Currently – you are paying thousands upon thousands of dollars per month. You are eating the expense of a payment option chosen by your patients. While you cannot control inflation, cost of labor, or cost of goods, you can control your merchant processing fees. Many surgeons have come to the conclusion this is one of the best logical choices in terms of reducing expense without increasing prices. If a client were to pay with cash, you pay no fees and neither does the client.
There is more than just credit card processing fees. If you ever analyze your merchant processing statement, you will notice other fees. These other fees include gateway fees, monthly fees, software fees, PCI compliance fees, annual fees, and more! EliminateCardFees.com truly eliminates all of these fees. You’ll have zero fees which contributes massively to helping your practice save big. What’s the point of saving on processing fees only to have a bunch of monthly fees added?
If you opt to implement a cash discount program one clear benefit is the competitive pricing you can offer. You can offer lower prices for cash paying patients which can be used in marketing and give your practice a competitive edge in comparison to your competitors.
Lastly is simplicity. Implementing this program couldn’t be easier. The free terminal does all the calculations for you and is very user friendly. Equipment for existing Lasik surgeon offices are modern 5.5 inch touch screens with all the features you need like tap to pay, etc. Our team also offers free training for office staff to show them how to respond to questions about the program. You’ll also receive free signage to display to remain fully compliant.
3.5%+ Processing Fees
$195 to $1,495+
Hidden Month Fees?
$295 Termination Fee
PCI compliance fees?
$195 to $1,995 Setup
$1,000 to $10,000+
According to Forbes, the average cost of lasik surgery per eye was $2,632.00. To make the math easy, we’ll use $5,000 for the patient payment.
For Cash Discount Programs:
Now for patients who elect to pay with cash, they will receive a discount of 3.5%. That is the cash discount. They would pay $4,825.00. Currently, this is roughly the money that would hit your bank account if they paid via credit card. So you are essentially giving your patient the fees that use to go to the processor.
Now if a patient chooses to pay with a credit card, they will have a non-cash rate adjustment of 3.5% or $175.00. They would pay $5,175. So as you can see, you are merely passing the cost of accepting their preferred payment method.
For Surcharge Programs:
Available in most states, if a patient pays with cash, they will receive no discount. The client would pay $5,000 if they chose to pay with cash.
If that same patient chose to pay with a credit card, they would have a non-cash rate adjustment of 3.5% or $175.00. So just like the example above, they would be charged $5,175 if they chose to pay with a credit card.
Give us a call at 877.624.8043 or fill out the form and a representative will reach out to you to answer any questions and send you the application to begin.
There are no setup fees. After approval, you will receive a free terminal that automates the cash discount program. There is no money out of pocket.
Our team will analyze your historical rates to identify a discount rate that is applicable to you. Typical rates are 3-4%.
To maintain compliance, you will have to post the signage. This is also great as it shows customers that you offer a cash discount!
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