Joe McCord’s Post

View profile for Joe McCord, graphic

Head of Growth and Customer Success @ Pinch Payments

Now for something completely different. Are you one of the 76% of Australians that worry about being able to afford to pay for vet expenses if your beloved family member were to get sick or injured? Did you know that only 31% of pets are insured? Initial testing and screening is often viewed as a costly expense and only a small handful of progressive veterinary practices have embraced ongoing wellness subscriptions to account for it. When fees are too high to cover in one bite, buy now pay later solutions are often offered but with fees of between 4-6% charged to the practice they can be prohibitive to a practices profit margins, so much so that many simply don't offer them and a result either don't offer payment plans or rely on your doing consistent EFT payments until the invoice is paid off. Why don't more vets offer monthly or quarterly wellness plans and easy payment plans for unexpected and costly services? We plan to find out. I will be talking about these ideas, and other solutions Pinch Payments can offer at #TheVetExpo this Friday afternoon. At Pinch we have solved cash flow pain for a lot of businesses but this is new territory. With rising cost of living pressure, affording vet fees is becoming harder for Australian families and as a result keeping the lights on is getting more and more challenging for practices as a result. Meanwhile pet health suffers as a result. It is our goal to help more vet practices embrace things like subscriptions and payment plans to provide more comfort to their customers, while stimulating their own cash flow, in a cost effective way. As a pet owner would you find any of these solutions beneficial? I'd love to hear from you in the comments below. #vet #veteranary #vetpractice #vetcare #vets #pinchpayments #vettech #payments #fintech

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics