ACCOUNTTECH INTEGRATES PAYLOAD TO AUTOMATE REAL ESTATE EARNEST MONEY DEPOSIT PAYMENTS

Through API Integration, Partnership Will Deliver Fully-automated Earnest Money Deposit Payments for Brokerages and Homebuyers 

CINCINNATI, OHIO - July 25, 2023 - AccountTech, an established real estate back-office accounting software solution provider for brokers, has partnered with Payload, a leading payment automation platform, to revolutionize the process of Earnest Money Deposit (EMD) payments within the real estate industry. The integration of Payload into AccountTech's Darwin platform will streamline and automate EMD transactions, providing real estate professionals the ability to replace legacy check and wire payments with a secure and efficient digital experience. 

"We are excited to collaborate with Payload to bring automated EMD payments to the real estate industry," said Mark Blagden, CEO of AccountTech. "This integration aligns perfectly with our mission to empower real estate professionals with innovative solutions that simplify their workflow and enhance their productivity. By automating EMD transactions, we are enabling our users to save time, reduce errors, and focus on delivering exceptional service to their clients." 

Coldwell Banker (CB) Schmidt Family of Companies assisted with the integration effort, providing user-experience guidance throughout the initial pilot. Last quarter alone, the CB Schmidt team processed nearly 500 Earnest Money payments digitally.  “Handling Earnest Money payments has traditionally been a slow, manual exercise for our agents, homebuyers, and administrators,”  said Steve Bell, Chief Financial Officer of Schmidt Family of Companies who has been beta testing the technology. “Introducing the Payload + Darwin integration has simplified and modernized the experience for our homebuyers and agents, as well as improved efficiency in our back-end reporting.” 

 

 

Key features and benefits of the AccountTech and Payload integration include: 

  • Integrated: AccountTech's real estate back-office platform seamlessly integrates with Payload's secure payment links via API. Payments are applied to existing files in AccountTECH automatically, and if a file does not exist, a new file is created and the payment data is applied. 

  • Simple: Payload’s payment links are white-labeled and can be added to a broker website or sent directly to home buyers. Home buyers make their payment in seconds through a secure, one-step payment experience - no app downloads, no account creation, or multi-step account verifications. 

  • Enhanced Security: Payload's robust security measures safeguard sensitive payment information, ensuring that EMD transactions are protected from potential threats or unauthorized access. 

  • Streamlined Workflow: Administrators can now effortlessly manage EMD payments within the AccountTech platform, eliminating the need for manual entry or reconciliation. This streamlined workflow improves efficiency and reduces administrative burdens. 

  • Real-Time Notifications and Reporting: Users receive instant notifications regarding EMD payments, allowing them to stay informed about transaction status at all times. The integration also offers comprehensive reporting features, enabling users to track and analyze payment data effortlessly. 

 

"Our collaboration with AccountTech marks a significant milestone in our efforts to digitize and streamline payment processes across the real estate industry. Together with AccountTech, we are simplifying real estate transactions and enhancing the overall customer experience," said Zach Jacob, Vice President of Payload.  

The integration of Payload's payment automation technology into the AccountTech platform is available immediately. Real estate professionals interested in streamlining their EMD payment process can learn more by visiting Payload’s website at www.payload.co/real-estate/.  

 

About AccountTech 

AccountTech is a leading provider of back-office solutions for the real estate industry. Their comprehensive platform offers advanced features to automate administrative tasks, streamline workflows, and enhance productivity for real estate professionals. With a strong focus on innovation, AccountTech is committed to simplifying the complex processes associated with real estate transactions. To learn more about AccountTech and darwin.Cloud, visit https://accounttech.com/.  

 

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 Deposits (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 and save time and money. To learn more about how Payload helps modern businesses grow intelligently, visit www.payload.co/real-estate/.  

 

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Ann Keeling