The all-in-one payment platform, let’s break it down…
B Payment is best known for its acclaimed payments portal enabling brokers to centralise all their payment processing needs within one simple portal. Offering card payments, open banking and Direct Debits, they provide tailored payment solutions for all brokers.
Whether it’s a virtual terminal to take over-the-phone transactions, integrated payment links to sit on invoices, or effortless bank reconciliation to save time. B Payment provides you with the solutions you need, in one place.
Here’s how B Payment can help insurance brokers:
Send quick, customisable and fully trackable payment links
B Payment allows you to send customisable and fully trackable payment links which enable the acceptance of payments outside of regular operating hours. This functionality can be integrated into policy quotation or renewal documentation, ultimately improving conversion rates on sales.
Set up repeat payments on fixed or variable schedules
You can set up hassle-free recurring payments for your clients on either a fixed or variable schedule. This feature is particularly beneficial for brokers who have a good cash flow and those who do not mind financing their own customer's policies, as they would typically use a credit facility for a similar purpose.
Revolutionise transactions with open banking
Open banking within B Payment allows for processing transactions entirely through online banking, thus eliminating the need for conventional payment processors. This feature is particularly advantageous when it comes to reducing chargebacks on certain policy types, such as impound insurance, where customers might attempt to reclaim their money.
Moreover, traditional BACS transfers can be challenging to reconcile, especially at high volumes, so this method provides a solution.
Stay secure with tokenisation
Tokenisation substitutes sensitive data with unique identification symbols. By tokenising your customer's card details, you can re-run transactions, set up recurring payments, and refund customers without the need to take their details again. This is especially key for mid-term adjustments and renewals within 12 months, as it allows for the capturing of payments with no further questions or chasing necessary.
Benefits of B Payment
- Leading payment solutions provider within the insurance industry
- Simple and easy to navigate
- Provide clients with a complete solution:
- Multiple payment options (Direct Debit, card, open banking)
- Quick and easy bank reconciliation and reporting tools
- Integrations into QuickBooks and Xero
- A dedicated in-house support team available via live chat, phone or by raising a ticket
- Anti-fraud security measures and fraud prevention tools to keep your business safe from cyber threat
If you would like to find out more about B Payment, please get in touch with your BlinkIS Business Development Manager. They will be happy to help!
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Full terms and conditions apply, please ensure that all of the contractual documentation is read and understood prior to use. This facility is marketed and distributed by Blink Intermediary Solutions. Blink Intermediary Solutions is a trading name of Iris Insurance Brokers Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA) Register number: 310825.
This facility is provided by b payment, a trading name of Fidelity Payment Processing Limited registered in England and Wales with registered number 08004359. Access to this facility is subject to approval by the product provider only. Blink Intermediary Solutions is not part of the approval process and is not the product manufacturer. Some products/facilities are not available in all territories. The intended recipients of this content are UK FCA-regulated insurance brokers. Full details of FCA authorisations can be found at www.fca.org.uk. This information is correct at the time of production, but may be subject to change.