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How to be recognized as a business that accepts HSA/Flex Account credit card payments


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Guest dsutari
Posted

Hello,

I work for a contact lens retailer that is looking to accept payments from Credit Cards issued for Flex Account and HSAs. Currently, these cards get declined when customers try to order with them since I am assuming my business is not recognized as a health service/product provider.

What I would like to know is how my business can be recognized as a health/medical product provider so we can accept payment from these cards. Do we have to register with the companies providing these accounts, or the government? How do they usually verify we are in the business of providing medical products?(contact lenses)

Any help you could give me would be much appreciated. Thank you.

Posted

It probably would be best to contact the issuers of the cards to see what is necessary to become an authorized merchant. MBI, Benny Card and Flex Convenience Card are the major card providers that come to mind.

George D. Burns

Cost Reduction Strategies

Burns and Associates, Inc

www.costreductionstrategies.com(under construction)

www.employeebenefitsstrategies.com(under construction)

  • 3 weeks later...
Guest joey tax
Posted

MBI's FlexConvenience card runs off of VISA or Mastercard merchant codes. Seems to me that you have to pick the right merchant description and have the plan admr or tpa turn on the card with respect to that class or merchants. Also, contact MBI (Medibank), in Waltham Mass.

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