Payment Options and Problems
You learned in an earlier lesson about the payment methods available to Insureds. Each method has certain funding methods (Credit Card, Check, Cash, Money Order), and standard processing times. Payment problems can be related to the funding method, processing time, or the method of payment.
Roll your mouse over the payment types below to learn about the most common problems for each payment method, and actions you can take to correct them. |
|
under autopayment EFT add bank delayed payment. Even if the bank draft the money from insured's bank account, but sometimes the banks take some time to process the payment so that it is late. be ware of this. |
