Insurance Agencies Require Very Specific Credit and Debit Card Processing Services
The primary credit card processing challenge facing insurance agencies is the need to affordably manage income and outflow across hundreds or thousands of clients and consumers. This typically calls for a traditional merchant account with enterprise-scale client management solutions and low per-transaction fees. Another desirable payment processing service for insurers is the ability to serve underbanked claimants by disbursing payments in the form of preloaded debit cards. The key with any payment solution is to find the features you need while avoiding common contractual drawbacks like long-term agreements, high rates, and unnecessary fees.
To help you find the right service package for your company, we’ve compiled the following list of the best merchant accounts for insurance carriers. The companies on this list offer business management tools, online invoicing, client management integration, accounting integration, payment gateways, virtual terminals, prepaid card programs, and other features that make it easier for you to manage your income and disbursement streams. More importantly, though, they are also known to provide low-commitment contracts with transparent pricing and quality customer service. To find the right provider for your employment agency, be sure to research each processor’s products and features and compare pricing and terms.
Top Picks for Merchant Services for Insurance Agencies

Host Merchant Services
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Fast approval for most industries
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No contract or cancellation fees
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Highly rated customer support
(888) 727-4538
Host Merchant Services is a Newark, Delaware-based merchant account provider that is well-suited for high-volume and low-volume insurance carriers. The company’s products and services include online marketing tools, mobile credit card processing, gift and loyalty programs, an online payment gateway and virtual terminal, custom third-party software integrations, and recurring billing. Host Merchant Services specializes in e-commerce businesses and provides a free website and business-class email to interested merchants. Host is an ideal option for insurance companies that would like to build a strong web presence and accept online and in-person payments at a reasonable cost.
Host Merchant Services has received only positive feedback on public forums, with most reviewers singling out the company’s customer service for praise. Host offers interchange-plus pricing with no early termination fees to all of its merchants, meaning that users will enjoy the most transparent pricing model and can cancel service without penalty. The Better Business Bureau gives Host an “A+” rating, and CPO also gives the company an “A+.”
For more information, visit the Host Merchant Services website or call (888) 727-4538.

PaymentCloud
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Fast approval for numerous "high-risk" industries
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Broad product and service offering
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Highly praised customer support
(888) 506-7859
Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving standard to high-risk business types. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online payment gateway and virtual terminal, EMV-compatible terminals, and merchant cash advances. These features allow merchants to accept payments on-site using their phones as well as through online billing. For those reasons, PaymentCloud is a good option for insurance agencies because of its versatility to accommodate recurring bill payments and one time transactions.
PaymentCloud provides a dedicated account rep to all new merchants for the life of the account. The company has not received any negative complaints on consumer forums, and it customizes its pricing according to each merchant’s business type and processing history. The BBB does not maintain a profile for PaymentCloud at this time, but CPO gives the company an “A.”
For more information, visit the PaymentCloud website or call (888) 506-7859.

CDG Commerce
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Specialized services for most industries
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Simple and transparent rates
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350+ technology integrations, including Quickbooks
(888) 393-1079
Located in Chesapeake, Virginia, CDG Commerce is another reliable option for insurance providers of all sizes and types. CDG has been privately owned since 1998 and offers a proprietary online payment gateway (as well as a discount on Authorize.Net’s payment gateway), recurring billing, a virtual terminal, QuickBooks integration, mobile phone processing, sales reporting, security breach protection, and vulnerability scanning. CDG Commerce is ideal for mid-size insurance agencies that require a simple, low-cost, fully integrated processing solution across all payment channels.
CDG Commerce only charges a low, fixed fee per transaction and offers competitive contractual terms, including no annual fees, monthly minimums, or termination fees. CDG also offers next day funding to most business types. CDG has earned an “A+” rating in our review as well as an “A+” rating with the Better Business Bureau.
For more information, see the CDG Commerce website or call (888) 393-1079.
Additional Options

National Processing
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Top-rated choice for businesses that want Clover POS
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Fast approval and next day deposits
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Quick equipment deliver and 24/7 support
(385) 777-1235
National Processing offers several small business processing options and can assist insurance agencies with identifying the right POS system or virtual terminal for their needs. The company offers two pricing options: one an interchange-plus program or a “zero-fee” program, both of which offer competitively priced rates.
National Processing has a clean reputation with just one complaint filed in the last three years, which is not concerning in nature. Our independent review finds National Processing to be a solid option for most insurers.
For more information, see the National Processing website or call (385) 777-1235.
If your business offers merchant services for insurance agencies, please leave a comment in the comment section below or contact us through our contact page in order to get listed in this article.