If you are required to file a Payment Agent Agreement in the State of Illinois, you may be required to execute an Illinois Payment Agent Bond to ensure compliance with licensure.
Bonds Express offers an Illinois Payment Agent Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Illinois Payment Agent Bond holds you accountable for your business decisions.
By possessing an Illinois Payment Agent Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.