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MedFX

How it works

A bank transfer on one side. Local currency on the other.

MedFX sits between your patient's bank and your bank. Here is what happens at each step, and what we do not do.

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Two clinicians talking with a patient in a bright treatment room

The four steps

From onboarding to payout

  1. 1

    We verify your clinic

    You send company documents and owner ID. We run identity, business and sanctions checks before any account opens.

  2. 2

    Your patient gets local bank details

    For each patient we issue payment instructions in their own currency: dollars, euros, pounds or dirhams, with a reference that ties the payment to them.

  3. 3

    The patient pays by bank transfer

    They send money from their own bank app, the way they pay a bill at home. No card, no international wire form, no IBAN guesswork.

  4. 4

    You receive local currency

    We convert and send reais, pesos, lira or another local currency to your bank account over Pix, SPEI, FAST or the local rail. You see the payment against the patient.

Under the hood

What happens to the money

  • Payment details for each patient

    Each patient receives bank details in their own country and currency, with a reference that identifies them. Where a named account is available, currently for US dollars and UAE dirhams, the payment is made in the name of your clinic, so the patient sees your clinic on their bank statement.

  • Conversion and local payout

    Once the transfer has arrived and cleared, we convert the funds and send local currency to your bank account over the rail your country uses, such as Pix, SPEI or FAST. The rate and fees are shown before you confirm.

  • Stablecoin rails behind the scenes

    To settle faster than correspondent banking allows, funds move over stablecoin networks between the two fiat legs. Your patient pays in ordinary money and you receive ordinary money. You never hold or handle crypto.

Timing

How long a payment takes

Two things set the speed. The first is the rail your patient uses. SEPA Instant, Faster Payments, RTP and Fedwire arrive in seconds. SEPA credit transfers arrive the same day, ACH in zero to two business days and SWIFT in one to four.

The second is the rail you are paid on. Pix, SPEI and FAST are real-time. Bank transfers in some countries arrive the same day or the next business day, depending on the bank’s cut-off time.

These are estimates, not guarantees. Compliance reviews, bank holidays and third-party networks can add time.

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Rails

The rails involved

Your patient pays in

  • USDUS dollarUnited States, and anywhere via SWIFTACHRTPFedwireSWIFT
  • EUREuroEurozoneSEPA Credit TransferSEPA Instant
  • GBPPound sterlingUnited KingdomFaster PaymentsCHAPSBACS
  • AEDUAE dirhamUnited Arab EmiratesIPPFTS

You receive

See every rail and currency

Questions

More about the process

Tell us where your patients come from and where your clinic is.

We will tell you which rails and currencies fit, and what onboarding takes. No forms. Message us or pick a time.

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