[CreditGuy]

So...trade credit insurance.

[AlexSMF]

So...trade credit insurance.

Not necessarily.

[ADiamond]

Not necessarily.

send me info.

[Vfunding]

Pretty sure you are referring to credit insurance. https://en.wikipedia.org/wiki/Trade_credit_insurance
AIG and all their competitors have been selling this product for a century. In fact, just like our industry has brokerages to match companies with lenders, the credit insurance industry has brokerages that find their clients credit insurance policies.

[BankComplianceGuy]

Not necessarily.

Not necessarily, you pay us a premium that is not nearly correlated to the actual risk and then when a merchant defaults, we'll give you the runaround, how's that sound???

11lonn.jpg

[AlexSMF]

Not necessarily, you pay us a premium that is not nearly correlated to the actual risk and then when a merchant defaults, we'll give you the runaround, how's that sound???

11lonn.jpg

Bank compliance guy, it sounds like your cynicism is showing due to being the industry for too long. This isn't (enter shady sounding name here) from the corner writing these policies, this is being worked on by a well known major insurer.