BROKERAGE ENGINE PARTNERS WITH PAYLOAD FOR PLATFORM PAYMENT AUTOMATION
Partnership Integrates Agent Fee Billing, Digital Earnest Money Deposits and Commission Disbursements Through a Single Partner
CINCINNATI, OHIO - May 30, 2023 - Brokerage Engine, a leading back-office software solution for brokerages of all sizes, has announced a partnership with Payload to automate agent billing, earnest money deposits, agent commission payouts, and internal customer SaaS billing. Payload, a rising Fintech platform, offers software platforms a suite of developer APIs and toolkits allowing them to customize a fully embedded inbound and outbound payment experience from up-front customer enrollment through transaction processing and reporting.
Prior to integrating Payload, Brokerage Engine users managed payments using a mix of payment methods and processes such as bank direct ACH, separate card processing, manual checks and wires, and cash. “Managing a decentralized payment landscape for more than 500 agents was time-consuming for our agents and administrative team. The convenience of Payload is very evident as it enables us to make charges remotely and electronic records for all transactions are easily accessible. We’ve launched the integration recently and have already seen a dramatic improvement of speed and productivity”, said Brianne Alston, Chief Financial Officer of Gibson Sotheby’s International Realty.
Agent billing offers administrators the options to invoice for one-time or recurring fees, leverage autopay, accept all major payment methods, and choose who pays the fees. Digital Earnest Money payments are securely requested from home buyers via payment link or within Brokerage Engine. Commission payouts are triggered in seconds and processed the same day for quick delivery to agents. “Behind every successful tech venture is a robust API that empowers its users to achieve greatness, and an awesome support team that stands ready to guide them every step of the way. That's why we love Payload”, noted Brian Zhang, Chief Technology Officer at Brokerage Engine. Brokerage Engine users can activate the integrations of their choice in-app and are activated in near real-time. “In our commitment to bring payment innovation to the real estate industry, we are excited to partner with the Brokerage Engine team and their tech-forward mission,” says Zach Jacob, Vice President of Partnerships, Payload. “Through our integration, we have the opportunity to help automate payments for thousands of agents and admins across North America.”
About Payload
Payload is a financial technology platform that automates the flow of incoming and outgoing payments. Payload uses a cutting-edge API architecture to seamlessly integrate into key business platforms, streamlining historically manual payments using ACH, Real Time Payments (RTP) and the major Card Networks. Payload launched in 2020 to digitize traditionally manual Earnest Money Deposit (EMD) for real estate, expanded to encompass other real estate transactions including agent invoicing and closing disbursements. Payload’s revolutionary payment technology was created to enhance security, save time and money. To learn more about how Payload helps modern businesses grow intelligently, visit www.payload.co/real-estate/
About Brokerage Engine
Founded in 2018 and designed by the leader of a prominent Texas Sotheby’s brokerage, Brokerage Engine was born out of the frustration of innovation in the back-office accounting category. Taking the approach of a full-operating system, Brokerage Engine provides tools that serve the full listing-to-close journey. The system covers accounting, compliance marketing and agent management. The tool also offers an extensive list of integrations with other technologies, which helps brokerages plug in other tech to the platform. For more information, please visit https://www.brokerageengine.com/.
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Media Contact: Ann Keeling for Payload
513-381-3248