How Financing Benefits
Enjoy $0 Vet Practice or Animal Clinic Fee Options!
Offer the lowest payments for large vet bills or dog services, easy and simple!
Pet and Dog Surgeries, Treatments & Vet Services
Pet Surgery
Spay and neutering, Surgical procedures, Hip dysplasia surgery, Dental extractions, Benign skin growths, Tumor removal and more
Emergency Pet Care
Accidents, Sudden medical emergencies
Veterinary Care
Annual check-ups, Teeth cleaning, Medications, X-Rays and Labs Work, Diagnostics, Parasite removal, Vaccinations, Chronic Disease or Condition Treatment and more
Offer Veterinary Financing to Your Patients
Caring for our furry companions is a responsibility we hold dear, but the cost of veterinary services and treatments can sometimes be a challenge. However, there are effective strategies to make pet healthcare more accessible and affordable. As a veterinary professional and business owner, offering pet financing to your clients can be a game-changer. With a range of financing options available, choosing the right approach for your practice is essential. In this guide, we will provide valuable insights on pet care and financing, empowering you to make informed decisions that benefit both your patients and your practice.
What is pet health financing?
Pet health financing is a way for pet owners to finance the cost of their pets’ medical procedures and treatments over time. The cost of veterinary care has been on the rise in recent years, and this type of financing can help pet owners cover the cost of treatments that their pet may need, but that they may not be able to afford.
The Benefits of Pet Financing with PowerPay
There are a number of benefits that both pet owners and veterinarians can enjoy when using PowerPay for pet financing.
- Low-interest rates and no pre-payment penalties: the cost of veterinary procedures can be spread out over time without having to worry about added interest fees or penalties.
- Flexible repayment options: pet owners can choose to make weekly, bi-weekly or monthly payments. This flexibility makes it easier for pet owners to budget for their pets’ medical expenses and also helps to build loyalty with your veterinary practice.
- No hidden fees or costs: all of the fees associated with the loan are disclosed upfront so there are no surprises down the road. In addition, PowerPay offers a quick and easy application process that can be completed online or over the phone.
- Soft credit pulls that do not affect credit score when applying for a loan.
How it Works
Vet practices and animal hospitals partner with financing companies like PowerPay to provide convenient payment options for pet owners in need of surgical or other necessary treatments for their beloved companions.
Here’s how the process works: When a pet requires treatment that exceeds $500, either the veterinary practice or the pet owner can reach out to PowerPay to initiate the financing process. PowerPay collaborates closely with the veterinarian or customer to gather all the essential information, including treatment cost, the pet’s details such as name and date of birth or adoption.
PowerPay creates a customized loan for the pet owner, which can be directly applied towards their veterinary bill. Once the loan is approved, PowerPay disburses the funds directly to the veterinary practice, clinic, or hospital, ensuring the bill is paid in full. The pet owner then repays the loan over time, either through monthly installments or as a single payment to PowerPay, providing flexibility and convenience.
With PowerPay’s straightforward and streamlined process, pet owners can easily manage the financial aspects of their pet’s care while ensuring they receive the necessary treatments promptly. By collaborating with PowerPay, veterinary practices and animal hospitals can offer an enhanced level of service and support to their clients, fostering the well-being of pets and peace of mind for their owners.
Win More.
Keep More.
Earn More.
50%
of Americans have less than $600 in savings.
67%
of veterinary service offices including practices, clinics & even animal hospitals report financing increases their average sale.
91%
of borrowers feel financing allows them to afford the large surgeries and procedures their dogs & other pets need.
Introducing Concierge
Our newest service, PowerPay Concierge, was developed to help veterinarians & animal specialists, clinics and hospitals maximize their consumer financing program. Having worked with over 6,000 merchants and thousands of borrowers, we took the most effective techniques and built a team that handles all aspects of a loan from application to funding.
Your concierge is your own personal finance manager that will help you sell, process, and close every one of your loans. This free program is available to practices that don’t have a finance team but know the value and importance of consumer financing.
What services and procedures can be financed?
Any service or procedure that is offered by your veterinarian’s office can be financed. Veterinary care, such as vaccinations, routine check-ups, spaying/neutering, dental work, x-rays, and surgeries can all be financed through pet health financing. Some companies also offer loans and financing options for other services such as grooming, boarding, and daycare.
Does insurance cover these procedures?
In most cases, pet insurance will not cover the cost of preventive care or routine veterinary visits. However, insurance will often cover the cost of more serious procedures and treatments. It is important to check with your veterinarian and your pet insurance company to find out what is covered.
What other payment options are available?
When it comes to covering veterinary expenses, pet owners have multiple payment options. From cash, checks, credit cards, and debit cards to personal loans, there are various ways to pay for pet care. Many vet offices also offer convenient payment plans to help manage the cost of treatments.
For those seeking alternatives to traditional financing, specialized options designed for pet health services are available. These financing solutions provide benefits for both pet owners and veterinary practices, ensuring accessible and affordable care for furry companions.