Alternative Ways to Take Premium Payments

[eliotmason]

My agency has started buying online leads. Many of these leads are non-standard and we're comfortable with this kind of business. Unfortunately, we're not able to close many of these leads because the customer doesn't having traditional payment methods, like credit cards or bank accounts. Has anyone found a way to take down payments and monthly premium payments through other means online? For non-standard folks without credit or debit cards, or without a bank account? Thanks.

 

[Bertolinoins]

If you are going to deal with non standard business, you will be dealing in cash or money orders.

 

[AZDave]

I agree Bert....if your market strategy is for the non standard business, get use to cash and customers asking you for help! My advice is to stay away from any cash transactions. I know many IA that actually charge a fee for accepting cash, or refusing all together.

 

[Bertolinoins]

I agree Bert....if your market strategy is for the non standard business, get use to cash and customers asking you for help! My advice is to stay away from any cash transactions. I know many IA that actually charge a fee for accepting cash, or refusing all together.

Non standard also equals broker and service fees... it is tough to be profitable in that niche without it.