(HealthDay News) — Payment with virtual credit cards is associated with considerable fees, although physicians are often unaware of these charges, according to the American Medical Association (AMA).

For each payment with a virtual credit card, physicians are charged fees that typically amount to 3% to 5% of the total payment. 

In an informal survey of over 1,100 participants, more than two-thirds reported receiving virtual credit card payments, and 86% showed that these payments increased over the last year. More than 40% of respondents were unaware of the fees involved.

Based on the survey results, the AMA, American Dental Association and Medical Group Management Association note that physicians need more information. The AMA will advocate for virtual credit card payment transparency, including advanced disclosure by third-party payers of virtual credit card-associated transaction fees and any rebates or other incentives awarded to payers for use of virtual credit card.

“Some states are taking on [virtual credit card] payments with legislation,” according to the article. “In Oregon, physicians must ‘opt in’ before payers can use [virtual credit cards] under a newly enacted bill. Two other states have attempted to pass [virtual credit card] bills this year as well.”

Read more about virtual credit cards.