NEWS & UPDATES FROM NPU

In 2020, we signed up with Agave due to increased interest from agents looking for North Point to take digital payments and we are happy to refer agents to them directly that want to be able to do the same.

Are you tired of dealing with NSF checks getting returned 7 or 10 days later? Are you exasperated chasing checks for non-direct bill risks after binding and thus taking on that credit risk? Why not require a credit card or ACH payment at binding? Insufficient funds ACHes are returned within a few days whereas NSF paper checks can be over a week and up to 2 weeks before you are notified. If an insured walks away from payment and you need to cancel flat, it is much easier for brokers and MGA's to help you within a few days compared to weeks later. Many of the services that offer CC/ACH processing charge the agency $20-$40 a month for access.

Agave is free as they earn their revenue from a portion of the CC and ACH fees that the insured pays. Many insureds are happy to pay fees to use credit cards that build up cash rewards or even some cards generate funds that invest in stock accounts. If they don't want to pay CC fees a $3 ACH fee is usually acceptable to most insureds versus the time involved with printing and mailing a check and buying a stamp. Many business owners are throwing away checkbooks and paying everything digitally, are you prepared to talk their language? And some vendors and carriers are no longer accepting checks at all. Gone are the days of needing a credit card machine to take payments from your clients. Now you can use a free agency branded link/digital button you can email or text your clients so they can easily use to pay you. Why not get paid in seconds versus chasing checks?

If you would like more information please contact Greg Malin @ Agave Pay.
gmallin@agavepay.com / (847) 826-1197.

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