- 17,076
We need to get out of the insurance business and start selling movies?
No let's give the movies away for free and sell them pop corn and a coke for $20
Nah! That would never work in a million years.
Final Expense Company Who Take a Credit or Debit Card
- Thread starter triggerpuller1
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No let's give the movies away for free and sell them pop corn and a coke for $20
Nah! That would never work in a million years.
How does that work??
- 2,758
It seems to me that the relationship between any 3rd party payment system would have to be between that payment company and the insurance company to be legal. If it's the agent that is taking the payments then that would mean the agent would in turn have to pay the insurance company, which you can't do (at least in civilized states like Florida). If that could be done I could take CC now with any company since I have SquareUP (a company that allows one to take CC payments on your smartphone).
If this is somehow legal then "inquiring minds want to know". I was wrong once before.
- 19,652
It seems to me that the relationship between any 3rd party payment system would have to be between that payment company and the insurance company to be legal. If it's the agent that is taking the payments then that would mean the agent would in turn have to pay the insurance company, which you can't do (at least in civilized states like Florida). If that could be done I could take CC now with any company since I have SquareUP (a company that allows one to take CC payments on your smartphone).
If this is somehow legal then "inquiring minds want to know". I was wrong once before.
I think it's a problem. That's the holdup with Americo talking debit cards. They want to use a 3rd party and are having too many privacy issues. I don't know how it's going to shake out.
- Thread starter
- #76
triggerpuller1
Expert
- 47
anyone know if it's legal in Georgia?
- 19,652
a lot of u guys and insurence companys are stuck in your ways.the point i was makeing with netflix is that it does not matter what form of payment is made,check,cc,debit card as long as the money collected WHO CARE'S?! i remember a time when companys would not take electronic checks now its the only form of payment come on...get with the times
Insurance companies will not accept payment that way. It has nothing to do with agents getting with the times.
I wish they would take them.
a lot of u guys and insurence companys are stuck in your ways.the point i was makeing with netflix is that it does not matter what form of payment is made,check,cc,debit card as long as the money collected WHO CARE'S?! i remember a time when companys would not take electronic checks now its the only form of payment come on...get with the times
You must be a lot older than I.. I started in 1971 and companies had been taking any form of automatic bank transfer that was available for years. Originally it was a paper draft but they switched to EFT just as soon as banks made it avaiable. For a long time companies did nto take credit cards becasue various jurisdictions would not permit it. It just wasn't considered to be appropriate for people to borrow money for insurance premiums. Many companies now take credit and debit cards.
I think we should distinguish between the original credit card, visa or master check card and the prepaid visa or master cards.
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