FE Carriers Accepting debit/credit cards along with EFT

[jdeasy]

Perhaps companies need to offer 1st, 2nd, 3rd, 4th Mondays for those that get the checks deposited early?

Perhaps? But what this really does is weaken business predicated on the billing.

 

[CasualT]

I have to agree with rest of the crew here. Debit/Credit cards, Chime, Cashapp is a 80% chance it'll chargeback. If they use cashapp it's even higher. Even if you get the account/routing #. Those clients juggle and move money around way too much.

If you insist on writing that business put them with your as earned carriers. Or expect 3 out of 5 to lapse with a charge back if you put them with carriers who advance.

 

[indiana260]

Perhaps companies need to offer 1st, 2nd, 3rd, 4th Mondays for those that get the checks deposited early?

A wise man once suggested this... and ironically he looked just like me.

 

[theinsuranceman]

Perhaps companies need to offer 1st, 2nd, 3rd, 4th Mondays for those that get the checks deposited early?

I agree. Sr Life already does that. I'm sure other carriers will follow their lead.