I'm seeking information on setting up a bill payment center, I've found some info here, I would just like receive more detailed information if possible.
Reply : infotaxsquare.com
The state requirement to be fulfilled in order to start a bill center, and each state has stated its unique requirement to follow.
A billing center is operated by a vendor and bill payment center. A bill payment center is started to receive utility , telephone and medical bills.
The following steps are followed to open a billing center in the USA.
Register a company as a sole proprietorship, Corporation or a Limited Liability Company.
Contact with the vendor/agency to find out their requirement about the location, commission and the licensing, because each vendor has a unique requirement to follow.
The vendor will provide a self-developed software to collect bills on their behalf.
A safe and secured location is required with an ample security to protect cash, whichreceives from consumers on behalf of the agency.
Insurances are required to start a billing center such as the error and commission insurance, general liability insurance, workers' compensation and disability insurance to shield the staff and the financial assets.
The vendor may have a bonding requirement to to deposit the money in the escrow for the security purpose.