Broker fee payments

Jun 12, 2019

  1. BSEA
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    BSEA New Member

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    State:
    Oregon
    starting a new agency as I’ve been captive the last 10 years and was wondering how you independent brokers accept broker fee payments for small personal lines account? Square\stripe over the phone, request check in the mail, PayPal invoice?

    Thanks for your input.
     
    BSEA, Jun 12, 2019
    #1
  2. David Taylor Jr
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    David Taylor Jr Super Genius

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    State:
    Kentucky
    Stripe
     
  3. Markthebroker
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    Markthebroker Guru

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    State:
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    I never charge a broker fee on a policy, unless it is a surplus lines policy and I'm getting a low commission. Then again, I only sell commercial insurance and my average count is much larger, so I'm making bigger commissions anyways.
     
  4. Dreamiekid
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    Dreamiekid Expert

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    State:
    Florida
    Broker fee? Like what is the charge for or I don’t understand.

    I would charge the MVR if the company would let me
     
    Dreamiekid, Jun 19, 2019 at 2:54 PM
    #4
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