Now more than ever, families don’t just want funeral payment options; they need them. Whether they need a convenient online option or they’re tight on funds, there are many reasons for wanting funeral payment options. (The numbers don’t lie! Check out
this article
for some must-know statistics about online payments.)
Let’s go over some funeral payment options that you can offer your client families and what tools SRS has to offer!
Quickly Collect the Funeral Payment with Credit Card Processing
Credit card processing is an easy way to quickly collect the funeral payment, especially if you offer online options. Don’t limit your families to in-person credit card payments during the arrangement conference. While some families may prefer this option, others may want to pay online instead. They may feel more comfortable doing it from their own home, or they may have a busy schedule and prefer to do it on their own time.
With SRS’ E-Pay payment platform, you can give your families the
options they need. They can pay for the funeral payment:
- During the arrangement conference.
- Directly on your SRS Website.
- Through an emailed invoice.
- Through FamilyLink.
- By scheduling auto-payments for payment plans.
They can even split the payments, so multiple family members can chip in for the expenses.
If a family is tight on funds and needs an alternative payment option, life insurance assignments may be right for them – which we’ll talk about next!
Give Families an Alternative Funeral Payment Option with Life Insurance Assignments
Some families may not have the funds to pay for the expenses all at once. Or they may simply prefer to keep their savings for another life expense. Whatever the case may be, if their loved one has a life insurance policy, they may be able to pay for the expenses with a life insurance assignment. This way, they have peace of mind that the funeral payment is taken care of. Plus, it eliminates any potential family conflicts over who is going to pay for it.
SRS partners with Tribute Insurance Assignments to offer
2-Minute Insurance Assignments. It lives directly in your SRS software, so all the data flows together to save you much-needed time. The process to submit and verify a claim also is very quick! It typically only takes:
- 2 minutes to submit a claim.
- 1 hour to verify a policy.
- 24 hours to receive funds.
This takes the stress off of your families during an already stressful time of grief and loss. Plus, they pay the most competitive processing fees in the industry, and there’s no limit to the amount that they can request for immediate funding.
Help Families Raise Funds for the Funeral and More with Crowdfunding
Another alternative payment option that can help families raise funds for the funeral and more is crowdfunding. With funeral crowdfunding, they can raise money for memorial funds, college tuition for children, medical bills, and other living expenses.
To make sure your funeral home stays in control of the funds raised,
SRS Websites
come with a crowdfunding feature. With this feature, family and friends can easily donate to their loved one’s crowdfunding campaign directly on your SRS Website – which keeps traffic on your own website instead of taking them to a third-party crowdfunding site.
Families also can easily share the crowdfunding campaign to reach more people. This not only gets more donations, but it also gets more people to your funeral home’s website, so it’s a win-win situation for everyone.
Ready to learn more about SRS’ funeral payment options? Book a free demo
here.