1. What is Agency Take Rate?

2. How to set it up in the Ascend Dashboard

3. When your agency will receive take rate payments

4. Where to find take rate payment history

Take rate is an additional percentage added on the the base APR to your insured's finance agreement that are paid to your organization. This allows your organization to participate in the benefits of the finance agreement.

Take rate is paid out on the 15th of each month for all finance agreements initiated since the 15th of the previous month.

By adding a take rate, your organization will earn additional revenue when an insured chooses to finance their programs.

Your partner retail agencies will not see a breakdown of any take rate added by your team. Your adjustments will be included directly into the APR.

Admins & Accountants in your organization's workspace have the ability to add a take rate on top of the base rate used to calculate your insured's APR for financed policies.

This feature can be enabled via the Settings > Take Rate page here:

https://dashboard.useascend.com/settings/take-rate

1. Enter the desired Take Rate

2. Click Save Changes at the bottom of the page to save

• Take rate payouts are issued on the 15th of each month for all financed programs since the 15th of the previous month.

• There a state-mandated limits on rates for finance agreements that Ascend complies with. The take rate will be limited or removed when the Ascend base rate + take rate exceed the state's limits.

• You will see a warning note on the program's financing terms details notifying you when the take rate is being reduced due to a state limit. Here is an example of the warning message:

Please note take rates are not allowed in the following states:

• AL, AZ, CT, DC, KY, MD, MA, MI, NV, NM, NC, SC, TX, VA, WA, WI

Take Rate is only allowed for commercial coverage in the following states:

• MA, TX

• Your customer will not see a breakdown of base rates and adjustments you make. Your adjustments will be baked directly into the APR.

Need more help? Contact us at support@useascend.com for more help.