While many pet owners understand the costs of managing a pet’s routine care, many are also financially unprepared when it comes to dealing with unexpected expenses. Whether a pet sustains injury, needs a dental cleaning, or is in need of an emergency surgery, pet owners are looking for ways to balance the rising costs of pet care, while making sure their pet stays happy and healthy.

With overall spending in the U.S. pet industry increasing at about 4% a year, up from $66.75 billion in 2016 to nearly $70 billion a year today, consumers are looking for ways to help ease the cost burden when managing a pet’s care.

In light of these developments, our CEO, Mark Olcott, shares his thoughts on the most common payment options consumers use to treat their pets, and what practices can do to help pet owners when it comes to paying for their services.