Welcome to AgentSnap

AgentSnap is a powerful, simple, and flexible application that makes it easy for you to collect premiums from your policyholders and manage your insurance agency operations 💰, whether you work with individuals or businesses!

AgentSnap's core functionality automates agency billing for you with intelligent invoices that automate the reconciliation of commissions, net premium payments, premium financing down payments, and taxes & other fees.

A standard workflow looks like the following:

An AgentSnap invoice is generated via API or the dashboard
Policyholders receive an email notification with a link to sign and/or pay the invoice
AgentSnap automatically deposits the funds to your agency's Trust Account
AgentSnap automatically transfers your commission to your operational account and transfers the net premium + taxes & other fees to the MGA/Carrier

This API empowers you to collect payments in the way that works best for your agency. You have powerful options at your fingertips.

Let's take a look at which style of premium collection makes the most sense for your agency operations!

Single Payment Collection - Great for collecting individual premium payments
- Create a payment request with POST /api/public/payments
  - Advantages:
    - You don't need to know your policyholder's banking info. They enter any necessary information themselves during payment
    - All you need is your policyholder's email address to use this endpoint (and how much they need to pay of course 🙂)
  - Considerations:
    - Your policyholder needs to take action to complete their payment
  - The payment link will redirect your policyholders to the AgentSnap web-app where they can quickly pay using their preferred method
Direct ACH/Check Processing - Good for when you have the policyholder's payment details
- Send payments directly using the ACH transfer or paper check endpoints
- Advantages:
  - Your policyholder doesn't need to do anything. The payment is automatically processed through their preferred method
  - You control which payment method to use
- Considerations:
  - You need to have your policyholder's bank details (for ACH) or mailing address (for checks) on file
Payment Status Management - Track and manage all your transactions
- List all payments, check status, and handle cancellations when needed
- Advantages:
  - Real-time visibility into payment status
  - Easy tracking of pending payments
  - Quick access to payment history
- Considerations:
  - Regular monitoring helps prevent payment issues
  - Keep your policyholders informed of payment status

AgentSnap currently supports the following payment methods:

ACH Transfer
- Standard ACH (3-4 business days)
- Same-Day ACH (same business day)
Paper Check:
- USPS Regular (7-10 days)
- USPS First Class (3-5 days)
- USPS Priority (1-3 days)
- FedEx Next Day (1 day)

AgentSnap's modern payment API simplifies premium collection and agency management, empowering insurance agents and brokers to automate money movement, significantly reduce processing times, and improve profitability. Our payment API also connects to the physical world by providing a paper check mailing service, equipped with multiple shipping speeds and tracking options to ensure you stay compliant with insurance regulations and support all your policyholders, even those without bank accounts.

Unique Agency Features:

Multi-carrier Support
- Manage multiple insurance carriers
- Track carrier-specific commission rates
- Automated commission calculations
Policyholder Management
- Centralized customer database
- Payment history tracking
- Document storage
Payment Operations
- Create and track payments
- Process ACH and check payments
- Monitor pending transactions
- Handle payment cancellations

AgentSnap leverages Plaid's secure service to safely connect bank accounts to our platform. When you or your policyholders link external bank accounts to AAgentSnapvia Plaid, all financial data is encrypted and handled securely, ensuring safe and compliant premium collection for your agency.