Insurance

As an insurance company, your payment processing differ from any other industry. Because your industry is very unique, we’ve use a turnkey solution that allows you to eliminate acceptance challenges when accepting credit card payments. We know that interchange is a huge piece of your costs. That’s why we work with insurance companies to educate you about your unique interchange rates set by Visa, MasterCard and Discover.

With over 50 years of interchange management, we’ll work with you to reduce the largest single cost component to your organization, interchange costs controlled by credit card company rules and regulations. We can make sure your transactions are captured at the lowest cost. We’ll also provide you with solutions to make you and your team more efficient when processing credit and ACH payments.

Merchants First Insurance Payment Acceptance Solutions

We want each insurance client to have the ability for easy, simple payment acceptance options.

Virtual Terminal Solution – Recurring Payments for Insurance

Our solutions save our customers time, money and energy. Our virtual terminal solution is an option for customers to do one-time payments or recurring payments via PCI compliant virtual terminal. You just need Internet access to perform transactions in a secure way, compliant with the credit card companies. Our stand-alone terminal solutions and support allows customers to simplify their lives and payment processing. On our virtual terminal, you get rid of the need to key transactions each month, or even use a dial terminal to complete a sale. Visa, MasterCard, Discover, American Express, Diners and ACH/eCheck support our virtual terminal.

Working with Merchants First for accepting Insurance payments

At Merchants First, we understand your unique needs. Each of our clients has a relationship manager assigned to their account so that your unique details and account are always understood and needs quickly met. You and your relationship manager remain in constant communication so that you’ll both achieve your goal: The success of your business. You’ll have a single point of contact that will give support for your virtual terminal and merchant processing support through one call.

Merchants First Services for Insurance Customers

Chargeback Reduction Center

We provide complementary fraud tools that provide you with an abundance of information to help you determine whether or not to accept a payment. You’ll be able to determine if you should accept the order, if the order is legit and if you can trust the payment through our data.

Easy reporting that’s accessible from anywhere

Our easy reporting allows us to email any report you’d like, in a format you and your payment team needs. Our online reporting and email reports are some of our client’s favorite features.

Next Day Funding

Money can be funded in as little as the next business day on all Visa, MasterCard, Discover and American Express. We can even help you receive American Express deposits 3-4 days faster.

Easy Account Balancing

One deposit and next day funding is available for all Visa, MasterCard, Discover and American Express deposits.

Disruption Free Conversion

Hate change? We actually don’t mind it. That’s because when you plan to make the change to Merchants First, we plan ahead, test and don’t leave until everything works seamlessly. We even provide a 3-month trial period, allowing you to leave at any time.

Terminal Support for Insurance Payments

Merchants First has worked with hundreds of terminal types, POS systems and mainframe systems. We can easily work with you and your current system of receiving payments, and help you convert to our simple systems. We’ll work closely with your team to find the best system that works for you.