Insurance
Payment Processing Solutions
Merchant accounts for insurance agencies, brokers, warranty providers and insurtech platforms, covering premium collections, recurring installments, ACH drafts and chargeback management. Apply with confidence.
Why Choose Daystar for Insurance Payment Processing
Insurance businesses deal with large premiums, recurring installment billing, cancellations, refunds and multi-state operations. Mainstream processors often classify insurance as high risk, especially extended warranties, premium finance and policies sold by phone or online, which makes it harder to get and keep a merchant account. Agencies that were declined or terminated elsewhere may also need re-banking help.
Daystar specializes in placing insurance merchants with the right acquiring banks. We work with 20 banks across 4 continents, have a 95% approval rate among qualified applicants and deliver most decisions within 24 hours. As a high risk merchant account provider, we configure recurring premium billing, ACH drafts, clear descriptors and chargeback tools, with no long-term contracts.
Our Insurance Merchant Account Features
Credit Card Processing
Payment Gateways
Mobile Payment Apps
ACH and E-Checks
Subscription Billing
Sell Internationally
Credit Card Processing
Insurance
Credit Card Processing
Accept card payments for down payments, premiums and renewals in the office, by phone or online. Large premium tickets are supported, and a descriptor that names your agency or carrier helps policyholders recognize charges. Full PCI compliance and tokenization protect the card data you collect.
Payment Gateways
Insurance
Payment Gateways
A secure payment gateway lets policyholders pay premiums online or through a portal, and integrates with insurance management and agency systems. Stored payment methods make renewals and installment plans easier, and fraud filters screen card-not-present payments before policies are bound. Payment status can flow back to your agency system to reduce manual reconciliation.
Mobile Payment Apps
Insurance
Mobile Payment Apps
Agents and adjusters meeting clients in person can collect premiums or deductibles on a phone or tablet. Mobile acceptance helps field agents close policies on the spot and sends a receipt immediately, which gives clear proof of the transaction. Deductibles and fees collected in the field appear in the same reporting as office payments.
ACH and E-Checks
Insurance
ACH & E-Checks
ACH bank drafts cost less than cards on larger premium payments and generate fewer disputes, which is why many agencies move recurring premiums to ACH. Daystar sets up eCheck and ACH processing alongside cards so policyholders can choose the method that suits them. Drafts can be scheduled around each policy’s due date.
Subscription Billing
Insurance
Subscription Billing
Monthly and installment premiums run on recurring billing with account-updater tools and retry logic for expired or declined cards. Dunning strategies around renewal dates help reduce lapses, while clear renewal notices and cancellation handling help keep chargebacks in check. Policyholders get consistent charges, and your staff spends less time on collections calls.
Sell Internationally
Insurance
International Sales
Travel insurance, specialty lines and insurtech platforms with international customers can accept multiple currencies and use domestic or offshore processing options. Collecting premiums in the policyholder’s currency improves conversion and reduces payment confusion. Settlement runs through our network of 20 acquiring banks on 4 continents, and fraud screening applies to every cross-border payment.
Credit Card Processing
Payment Gateways
Mobile Payment Apps
ACH and E-Checks
Subscription Billing
Sell Internationally
Credit Card Processing
Insurance
Credit Card Processing
Accept card payments for down payments, premiums and renewals in the office, by phone or online. Large premium tickets are supported, and a descriptor that names your agency or carrier helps policyholders recognize charges. Full PCI compliance and tokenization protect the card data you collect.Payment Gateways
Insurance
Payment Gateways
A secure payment gateway lets policyholders pay premiums online or through a portal, and integrates with insurance management and agency systems. Stored payment methods make renewals and installment plans easier, and fraud filters screen card-not-present payments before policies are bound. Payment status can flow back to your agency system to reduce manual reconciliation.Mobile Payment Apps
Insurance
Mobile Payment Apps
Agents and adjusters meeting clients in person can collect premiums or deductibles on a phone or tablet. Mobile acceptance helps field agents close policies on the spot and sends a receipt immediately, which gives clear proof of the transaction. Deductibles and fees collected in the field appear in the same reporting as office payments.ACH and E-Checks
Insurance
ACH & E-Checks
ACH bank drafts cost less than cards on larger premium payments and generate fewer disputes, which is why many agencies move recurring premiums to ACH. Daystar sets up eCheck and ACH processing alongside cards so policyholders can choose the method that suits them. Drafts can be scheduled around each policy’s due date.Subscription Billing
Insurance
Subscription Billing
Monthly and installment premiums run on recurring billing with account-updater tools and retry logic for expired or declined cards. Dunning strategies around renewal dates help reduce lapses, while clear renewal notices and cancellation handling help keep chargebacks in check. Policyholders get consistent charges, and your staff spends less time on collections calls.Sell Internationally
Insurance
International Sales
Travel insurance, specialty lines and insurtech platforms with international customers can accept multiple currencies and use domestic or offshore processing options. Collecting premiums in the policyholder’s currency improves conversion and reduces payment confusion. Settlement runs through our network of 20 acquiring banks on 4 continents, and fraud screening applies to every cross-border payment.Insurance FAQ
Yes. We offer chargeback alerts and fraud protection tools, with availability depending on your program. Our systems help flag fraudulent transactions and reduce chargeback risk.
Absolutely. Our infrastructure is equipped to handle high-volume transactions efficiently, ensuring that your business operations are smooth and uninterrupted, regardless of the transaction volume.
Yes, we provide multiple MIDs. This feature is especially beneficial for businesses looking to diversify their payment processing across different products or services.
We have partnerships with 20 acquiring banks. This extensive network allows us to offer more reliability and flexibility in processing your payments.
Yes, we provide both domestic and offshore processing solutions, giving you the flexibility to choose what best suits your business model and customer base.
Underwriters consider recurring premiums, cancellations, refunds, long policy terms and phone or online sales as sources of chargebacks. Warranty and premium-finance products draw extra review. Banks look for proper licensing in the states you serve, clear policy and cancellation terms, recognizable descriptors and a manageable dispute history.
Our payment processing solution supports a wide range of payment methods, including all major credit and debit cards, to ensure that you can cater to all your customers’ preferences.
The account setup process is streamlined and efficient. Once you submit all required documents, we aim to get your account up and running as quickly as possible, typically within a few business days.
Yes. Insurance carries a higher-risk classification because of recurring premiums, cancellations and refunds, but Daystar partners with acquiring banks that support these operations.
Yes, with recurring card billing, ACH setup, account-updater tools and retry logic for expired cards.
ACH bank drafts cost less than cards on larger premium payments and generate fewer disputes, which is why many agencies move recurring premiums to ACH.
Yes. Re-banking merchants who were declined, terminated or listed on the TMF/MATCH file is a core part of what we do, subject to underwriting.
Independent agencies and brokers; auto, home, life and health agencies; warranty and extended-warranty providers; roadside assistance and auto clubs; pet, travel and specialty insurance; insurtech platforms and digital MGAs; and premium-finance operations.
Yes. Insurance is treated as higher-risk because of recurring premiums, cancellations, and refunds, so some processors are cautious. Daystar places agencies, brokers, and providers with acquiring banks that support recurring-premium billing by card and ACH.
Yes. We set up recurring card billing and ACH for monthly and installment premiums, with account-updater and retry tools that recover payments from expired cards before a policy lapses.
ACH bank drafts cost less than cards on larger premium payments and generate fewer disputes, which is why many agencies move recurring premiums to ACH while keeping cards available for convenience.
Get Your Insurance Merchant Account Today
Apply Now — Most Decisions Within 24 Hours
At your service.
You have questions. We have answers. Are you an existing customer looking for help? Complete the form to reach our support team.
Not an existing customer or partner? Contact sales at +1 (786) 453-7357
Not an existing customer or partner? Contact sales at +1 (786) 453-7357
- 6303 Blue Lagoon Drive, Suite 400, Miami FL, 33126
- +1 786-453-7357
- support@daystarpayments.com