Illinois Payment Agent | $5,000 Payment Agent Surety Bond

Also known as: payment agent bond

Type of Bond

An Illinois Payment Agent Bond is a type of surety bond required by the state for businesses or individuals acting as payment agents, such as companies or individuals accepting payments on behalf of utility providers or other entities. This bond ensures that the payment agent complies with state laws, regulations, and ethical standards governing the financial services industry. The purpose of the bond is to protect customers, the state, and the public from potential financial loss, fraud, or unethical conduct by the payment agent. It serves as a financial guarantee that the payment agent will operate their business professionally, ethically, and in accordance with the law, including the proper handling and processing of payments and the timely payment of related fees and taxes. If a payment agent fails to fulfill their obligations, engages in fraudulent or unethical practices, or violates state regulations, a claim can be filed against the bond to compensate affected parties for any damages or financial loss incurred. In summary, the Illinois Payment Agent Bond helps ensure that businesses and individuals acting as payment agents maintain a high level of professionalism and integrity in their work, protecting the interests of customers, the state, and the public.


Program

The price you'll pay for your $5,000 Payment Agent Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of $5,000 Payment Agent Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a $5,000 Payment Agent Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Payment Agent Bond Application process.

The Illinois Payment Agent Bond amount is currently set at  $5,000.

Obligee Information

An obligee is the entity that is requiring you to have the Payment Agent bond.

For your convenience you can view a sample copy of the Illinois Payment Agent Bond Form.

Obligee: Firsttech Inc
Street: 130 North Water St
State: Illinois
Zip: 62523