Discounting insurance paid direct via client card

Discounting insurance paid direct via client card

Example 12: Discounting Insurance Paid Direct with Credit Card

When making payment direct to an Insurance Provider with a client’s credit card, consultants will need to manually adjust the Credit Card values in the ‘Pay Supplier’ Window. If you have found an error with entries when reconciling the monthly supplier return, it is imperative for the original entry to be reversed first before following the below instructions.

Fill out the Insurance pricing window to reflect any Policy, Commission and Discount values. The example included below is an Insurance Policy of $525 with a 50% commission and a 30% discount to client ($157.50). The client cost is $367.50.

NOTE: Any Credit Card surcharge applied by the supplier should be entered in the ‘Surcharge’ Tab and these values would normally be non-commissionable however we suggest you confirm this with your own Insurance Provider(s).

When the discounted Credit Card payment is charged by the supplier, consultants will need to manually change the amount being recorded against the Credit Card within the 'Pay Supplier' Window. This then reflects the exact value being charged direct. To change this value, simply click twice into the ‘C/Card Amt’ field and change value.

The consultant should then see correct commission due from the Insurance Provider captured in the ‘Amt to Pay’ field. Example 50% commission of $262.50 LESS the 30% Discount ($157.50) = $105 commission due to agency.