Direct Deposits = Immediate Commissions
Patience can be a virtue, but waiting for your monthly commission checks to be mailed and having to cash them manually isn’t the most efficient way to operate your business. With this in mind, we’ve partnered with Veem, a global leader in online payments, to automate agent commissions via ACH payments.
What does this mean for you?
Well, all BondExchange agent commissions can now be paid through direct deposit, meaning the days of waiting for a check in the mail and manually cashing it are over.
How it Works
Before you are paid your next commission, you will receive an email from Veem prompting you to set up direct deposit. Simply click “accept payment” and add your bank account information to set up ACH payments for your agency.
If you prefer to continue receiving physical commission checks, please send an email to [email protected] informing us of this preference.
The Bottom Line
The way to make surety bonds a consistently profitable line is to reduce the amount of time and effort you have to expend on the product, including managing commissions, and get your money in the bank faster.
Our mission at BondExchange is to empower you with the tools needed to make surety profitable and ensure that when it comes to surety, you only have to do as little work as humanly possible to manage your book. The time you spend manually processing physical commission checks would be better spent acquiring new customers or servicing your existing ones. Simply put, our partnership with Veem removes the need for physical commission checks and finally lays to rest the mundane task of cashing your checks.