Category: Vellis News

The four party payment process model is the standard setup behind most credit and debit card transactions. It outlines how payments move between four main players: the cardholder (who makes the purchase), the merchant (who sells the goods or services), the acquiring bank (which processes payments for the merchant), and the issuing bank (which gave…

A payment facilitator (PayFac) is a company that allows businesses, especially smaller ones, to accept payments quickly by onboarding them as sub-merchants under its master account. A payment service provider (PSP), on the other hand, connects merchants to various payment methods and processors but usually requires each business to set up its own merchant account.

Running a veterinary clinic requires caring for both animals and your business operations. Some hidden costs can quietly eat into your bottom line, such as veterinary credit card processing fees. Understanding these fees lets you protect profitability and ensure your clinic runs smoothly.  In this article, we’ll break down what these fees mean, what they…

The cost of therapy can be a big barrier for many people seeking help. While mental health awareness is growing, affordability often keeps individuals from following through with treatment. 

Text-to-pay is a modern, mobile-based payment solution that lets businesses send customers a secure payment link through a simple text message. Instead of logging into a portal or making a call, the customer just taps the link, enters their payment info, and they’re done, often in under a minute. It’s fast, easy, and designed for…

One of the most important parts of keeping your mental health business financially-healthy while providing care is improving patient collections. This is the entire journey of collecting payments from patients, starting from clear communication about fees to sending invoices, processing payments, and following up on overdue balances.

The demand for medical weight loss treatments is skyrocketing, fueled by the popularity of GLP-1 drugs like semaglutide (Ozempic, Wegovy) and tirzepatide (Mounjaro, Zepbound). With this surge comes tighter regulatory scrutiny for in-person and online clinics.

Currency movements can be both a blessing and a curse. A strong exchange rate shift can amplify your returns or completely erode them, regardless of how well the underlying assets perform. Fortunately, there’s currency overlay.

Starting an aesthetics business is an exciting step for beauty professionals and medical practitioners who want to blend art and science while building a profitable venture. 

A synthetic currency pair is created by combining two or more existing trading pairs to represent a new relationship that isn’t directly available on an exchange. Instead of relying on a pre-listed market like EUR/GBP, you could construct it using EUR/USD and GBP/USD.