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Aaron Johnson   wrote on : Wed May 01st,2019   Back to Article

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 :
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.

  1. Register a company as a sole proprietorship, Corporation or a Limited Liability Company.
  2. 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.
  3. The vendor will provide a self-developed software to collect bills on their behalf.
  4. A safe and secured location is required with an ample security to protect cash, which receives from consumers on behalf of the agency.
  5. 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.
  6. The vendor may have a bonding requirement to to deposit the money in the escrow for the security purpose.

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