Your funeral home needs a website, so why not turn it into a business solution with Tribute Pay as well? Your website can do so much more for your funeral home and client families besides providing online information. With our all-in-one payment platform Tribute Pay, you can give families multiple ways to pay for funeral expenses. Plus, this platform comes free with your funeral home’s Frazer-powered website.
Per CNBC, only 40% of Americans can afford an unexpected $1,000 expense. So, if a loved one dies unexpectedly, they may not be able to pay the funeral expenses up front. Or, maybe they’d rather keep their savings and use an alternative funeral payment method instead. That’s where the Tribute Pay platform comes in.
With this platform, families have the convenience of paying the funeral expenses online directly on your funeral home’s website. And no matter their financial situation or personal preferences, you can help them find the right funeral payment solution for them. They can choose between a credit card payment, eCheck, loan, crowdfunding campaign, and life insurance assignment as funeral payment.
Let’s discuss Tribute Pay’s alternative funeral payment options in more detail.
Tribute Pay Credit Card Processing
Tribute Pay accepts all major credit cards as funeral payment. This way, families can conveniently make the funeral payment from the comfort of their own home. It also helps your funeral home keep these payments more organized.
Plus, it just takes a few quick and easy steps for your funeral home to enroll in the payment platform. Then, it’s easy to activate the platform’s other payment options.
Families also can choose to pay by eCheck, also known as an ACH (Automated Clearing House) payment. This way, it replaces the paper check payment and lets families conveniently pay online, like with credit card processing. Plus, the eCheck processing fee is less than other online payment options, so your funeral home saves money when families pay with an eCheck.
With Tribute Loans, families don’t have to worry about paying the funeral expenses up front. Instead, they can choose Tribute Loans as a more flexible funeral payment method. They can conveniently apply on your funeral home’s website and pay the funeral expenses to the lender over time at their own pace and comfort level. The rates start as low as 4.99% APR, and the payment plans can range from 12 to 48 months.
Tribute Loans uses multiple lenders to ensure families get the best deal possible. And, since they make the payments directly to the lender, your funeral home gets paid right away. Your funeral home also stays notified throughout the entire process. It’s a win-win situation for both your funeral home and client families.
With Tribute Crowdfunding, families can turn to their community members for support during a difficult time. You can easily turn on a Tribute Crowdfunding campaign directly on a loved one’s obituary on their Tribute Wall. This way, it’s not only convenient for families but traffic stays on your funeral home’s website.
Your funeral home also doesn’t have to worry about where the funds are going. Unlike third-party crowdfunding sites, your funeral home is in control of the funds raised from a Tribute Crowdfunding campaign.
Another Tribute Pay payment option is Tribute Insurance Assignments. With this program, families can pay for the funeral expenses with a life insurance assignment. No more waiting months to get paid or endless piles of paperwork. This program’s paperwork process is completely online and the Tribute Insurance Assignments team handles most of the paperwork and other tedious tasks on behalf of your funeral home.
In just a few minutes, you can submit a claim in your funeral home website’s admin panel. Then, the claim is verified for funding in 24 to 48 hours. And, your funeral home gets paid is as little as 24 hours.