QuadraPay Offers Insurance Payment Gateway With Recurring Billing.
The insurance sector has never been so big. QuadraPay offers an industry-friendly insurance payment gateway for credit card payment acceptance. Our solutions are perfect for small and large insurance companies. The payment gateway can cater to the payment processing requirements of most insurance companies. Merchants can collect card payments for insurance premiums and top-ups. Apply with QuadraPay today to get an Insurance Agency Credit Card Processing solution.
Multi-Currency Insurance Payment Gateway With DCC For Significant Growth.
There are various advantages of using a payment gateway for insurance companies. As a matter of fact, in today’s world, where every second counts, business merchants can’t ignore digital payments. Let’s look at some key benefits that our Insurance credit card payment solution will offer to your company.
- Improved Customer Experience. When we talk about customer experience, we talk about a brand name and the value of the same. Policyholders need a faster way of making payments. Gone are the days when customers were comfortable standing in a long queue to make a cash payment for an insurance premium. These days, most insurance companies advertise on faster media like the internet, and they sell coverage instantly. This is only possible with an Insurance merchant account.
- Easy-to-use merchant interface. Merchants can manage all transactions by using a highly interactive Merchant control panel. You can easily track transactions and initiate refunds.
- Inexpensive Rates. Yes, all our payment solutions are from direct acquirers so that you will be getting very low rates for credit card transactions.
- Virtual Terminal For Insurance Inbound Telephone Sales. Reputed insurance companies with exceptional financial standing may qualify for a virtual terminal/Moto facility in regions like the USA, UK, Canada, and the EU. It allows merchants to process payments via credit/debit card solution, e-check, ACH, and over the phone through Virtual Terminal.
Credit Card Processing For The Insurance Industry And Why It Is Considered A High-Risk Industry
The insurance company offers protection to the policyholder and covers the risk of uncertain events. The policyholder will get the sum assured amount against his policy in case of any uncertainty. Due to the uncertainty and large payment processing volume, the industry is sometimes considered high risk. Various insurance companies cover the risk in different sectors—for example, health insurance, life insurance, vehicle or property insurance, etc.
Due to the risk involved, it’s quite a challenge to get a credit card processing solution for an insurance agency. Nevertheless, Quadrapay will help you. We have already helped some merchants from your industry to get a solution to accept premium online payments. Credit Card Processing solution is the most demanded payment method. It helps policyholders to pay via credit or debit card. You can also have more than one payment solution to offer diversified payment flexibility to your customers.
Apart from credit card processing, we also offer ACH, SEPA, and APM payments. All these payment methods together increase the cart success ratio on your insurance website.
We at Quadrapay are one of the top-rated and reliable card payment processing solution providers. We are operating with top-rated processors in this payment industry to offer you the best card processing and insurance payment gateway for your business.