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Premium Finance PaymentsAccept Credit Cards for Premium Finance Payments at No Cost to You Your finance customers are asking to pay by credit or debit card - But you can not afford to pay the cost of accepting credit card payments - usually about 3% of the total payment. To make matters worse, your credit card contract, and in some states specific state laws, will not allow you to charge any extra fees of your clients who pay with credit cards. As an Online Payment Gateway We Can Absorb the Cost of the Card Transaction – Simply Easier Payments is an independent third party payment acceptance company. As such we are legally allowed by the credit card companies and state laws to charge the person making the credit card payment a reasonable “Convenience Fee”. Result - You receive the entire premium finance payment amount for each payment accepted. We pay all transactions cost out of the “Convenience Fee”. You pay nothing. Here’s how it Works… Online - Your Website You add a link to your web page - this could also be a "Make Payment Online" button. Your customer enters the payment information and actively checks the “Accept Convenience Fee” check box. The credit or debit card is charged in real time. Payment made. Online - Our Website We can add you to our myinsurancepayment.com site. You inform your customer that payments for you can be made through that site. On the Phone with Your Staff Your staff enters the payment information, explains the Convenience Fee (we can give you the script to do that) and checks the “Accept Convenience Fee” check box for your customer when they verbally agree. The credit or debit card is charged in real time. Payment made. When Do You Get the Money? All money is handled by our banking partner Moneris. 1. After closing, on the day the payment is made, the bank that issued the card funds the money into Moneris’ account. NOTE: If you have your depository account with either RBC Centura or Harris Bank, sister companies of Moneris, you will get your funding one day earlier – next business day. Simply Easier Payments and Moneris are partnered to help you provide better service to your tenants at no cost to yourself. Automated Billing of Monthly Payments In addition to taking payments online and over the phone, we can also automatically bill your customer's monthly payments. Talk to a Real Person to Learn More or to Get Started Call Duke Williams at 800-768-0907. Or e-mail at Duke Williams. Is This Legal? Always a good question to ask. Check out the link for more detail, but the short answer is it is as long as we set you up correctly. See Frequently Asked Questions...
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