Insurance Payment Services

Recurring billing

One of the most popular payment methods in the insurance industry, recurring billing charges customers on a regular, agreed-upon basis for goods or services. Because insurance policies are typically split into monthly payments, this feature helps to ensure a steady cash flow, eliminate payment delays, and reduce late payments.

Invoicing

An invoice is a payment request for rendered goods or services. Insurance providers rely on invoices to determine accurate premiums for customers. Our invoicing features minimize human error, providing the precise, up-to-date invoicing information required to assess risk and set correlating premiums.

Accept payments over the phone

At PaymentCloud, we know it may be necessary, in certain cases, for insurance providers to collect payment information over the phone. We provide cutting-edge virtual terminals into which insurance merchants can easily input their policyholders’ credit card information for fast, secure processing.

Additionally, over-the-phone payments, or MOTO transactions, are typically considered high-risk transactions in the payments industry. However, our underwriting process ensures you can accept payments over the phone without increased difficulty.

PCI compliance

The Payment Card Industry (PCI) Security Standards Council sets requirements to protect consumer cardholder data. All businesses that process, store, or transmit credit card information must be PCI compliant, lest they incur fees or, worse, lose their ability to process payments. We only connect our merchants with secure, PCI-compliant payment solutions—giving you one less thing to worry about!

Text-to-pay and QR payments

At PaymentCloud, we strive to be at the forefront of payment solution technology. In doing so, we support text-to-pay and QR-code payment methods. Because if your customer already has their phone in their hand, why not allow them to pay with it?

Mobile payments

It’s now easier than ever for consumers to make purchases without carrying cash or even credit cards. Mobile payments allow policyholders to pay their premiums using their smartphones or other mobile devices.

Competitive rates

We believe merchants should pay the lowest possible credit card processing fees. That’s why we offer the most competitive rates in the industry! When you partner with PaymentCloud, you can be sure you’re getting the best value for your payment solutions.

Dedicated customer support

We know the insurance industry is complex and ever-changing. Our expert support team is available to answer any questions you may have throughout the lifetime of your account.

Customizable payment solutions

No two businesses are the same. We take the time to assess your business and offer a range of customizable payment solutions that meet the unique needs of your business.