Illinois FirsTech payment agent bonds.
From $100.
FirsTech, Inc., the Decatur, Illinois payment processor, conditions its agent agreement with each retail location that takes walk-in bill payments on a surety bond guaranteeing those collections are remitted. The amount is whatever your agent agreement names; premiums cost 1% of the bond amount, $100 minimum.
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How much does an Illinois FirsTech payment agent bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
A pay-agent bond is a short, clean filing — there is no state license queue in front of it, only your processor’s onboarding. Here is the whole thing:
Apply online
Your business details, the penal sum FirsTech named, and an effective date. That is the application. No credit check up to $25,000.
Pay & e-sign
Pay-agent bonds are among the thousands of bond types that issue right after purchase. No credit check up to $25,000, and most applications approve instantly.
Send it to FirsTech
Your executed bond and power of attorney arrive by email, ready to hand to FirsTech onboarding or your sponsoring biller. Wet-ink original mailed on request.
What it is and who needs it.
What the pay-agent bond actually guarantees
FirsTech, Inc. runs one of the country’s larger walk-in bill payment networks — a consumer hands cash or a check across a counter at a convenience store, currency exchange, grocery service desk or utility office, and the location transmits that payment to the biller through FirsTech. The location is a retail pay agent: it never owns the money, it only holds it briefly on the way to somebody’s electric, phone, cable, loan or municipal account.
That gap between collection and settlement is exactly the exposure this bond covers. The principal is your business, the surety is the carrier, and the obligee is FirsTech, Inc. — not a state agency. If a location fails to remit what it took in, or otherwise breaches the pay-agent agreement, FirsTech can make a claim on the bond and the consumer’s payment is still made whole.
It is not insurance for you. A surety bond is a credit instrument: if the carrier pays a claim, you reimburse the carrier. Keep it in force for the life of the agent agreement — a lapse normally suspends your ability to accept payments, which is why we track the expiry and give you notice ahead of it.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
Pay & e-sign. Pay-agent bonds are among the thousands of bond types that issue right after purchase. No credit check up to $25,000, and most applications approve instantly.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields. No credit check up to $25,000.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get the counter open.
From $100, no credit check up to $25,000, bond issued the moment you pay. Enter the amount your agent agreement names. Free until issued.