Smart, single-stream payment processing for insurers

providing better policyholder experiences and expense reductions

Are you, like many insurers, facing these common challenges with your current payment process:

  • Do you know if you are overpaying for payment processing services?

  • How can you be sure your transaction fees are in line?

  • What percentage of your expense ratio is attributed to payment processing and merchant service fees?

  • Could you find 70-100 basis points of expense reductions in this area without adding risk and improving customer experience?

  • Are you writing checks for claims payments?

  • Is policyholder adoption of your mobile app, and preferred ePay options, still way too low?

BonkoPay

provides insurers with the industry's lowest-cost payment processing solution - with daily premium and claims reconciliations

What makes BonkoPay different?

  • True single-stream functionality with one set of APIs for all payment types

  • Developed by insurance experts who have direct expertise in smart payment processing

  • Smarter pricing model offers predictable, lower costs with daily reconciliations

  • Continually enhanced for innovative products like embedded, usage-based, parametric, and more

  • We help convert your policyholders to more convenient ePay options, improving their experience and reducing your transaction fees

BonkoPay Benefits

Schedule a demo to see how it works

All payment types covered

One solution for all payment types – inbound and outbound

Secure and confident

Secure payment processing with double firewall protection

Improved platform

Optimize your current billing platform with embedded API payment solution

Flexibility for policyholders

Improved flexibility for better policyholder satisfaction

Adaptable for industry trends

Continual enhancements allow for new and innovative products like embedded, telematics, and others

Lower costs

Lower your payment processing costs by as much as 25% with reduced transaction fees and more

Better claims satisfaction

Improve claims satisfaction with simplified payments

Improved expense ratio

Improve your expense ratio with integrated payment processing and reconciliation

Better agent satisfaction

Improved agent experience and overall loyalty with faster, easier policy payments servicing