ClearPay

Pay your carriers electronically

Send payment and reconciliation data directly to your carriers without ever leaving your BMS.  ClearPay is designed specifically for the insurance industry as a closed environment to transfer both funds and the settlement information.

The service provides your brokerage the ability to securely set payee, amount, date and electronically approve payments to your carriers.  ClearPay transfers funds from the brokers’ designated bank account to the Carrier or MGA for monthly payables or one-time payments.  In addition, ClearPay compiles and delivers reconciliation data to assist with reconciliation in the Carrier’s accounting and policy administration system.

Features

Transactional cloud based solution with easy implementation and a seamless integration to most BMS’s just to name a few.
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Benefits

Saving brokerages time, money and improving security.  ClearPay eliminates cheque fraud, enhances operational efficiency and reduces settlement delays.
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Process

ClearPay payments are initiated by brokerages from within their BMS.  Transferring funds and policy data directly to the carriers in a secure closed environment.
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FAQ

Here is a list of common questions and answers about ClearPay, or just reach out to us, we’re happy to help.
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Security

ClearPay uses bank level security and encryption standards to securely transfer funds and data.
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Savings Calculator

Often the hard and soft costs associated with cheques are not recognized. Judge for yourself, try our calculator to see how much a cheque costs you to write.
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