Payload Integrates With AccountTech to Automate Earnest Money Payments
July 25, 2023
Payload has partnered with AccountTech, a real estate back-office accounting software solution provider for brokers, to improve the process of sending earnest money payments. The integration of Payload into AccountTech's Darwin platform will streamline and automate earnest money payments, 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.”
The platform provides instant notifications regarding the payments, allowing users to always stay informed about transaction status. The integration also offers reporting features, enabling users to track and analyze payment data.
"Our collaboration with AccountTech marks a significant milestone in our efforts to digitize and streamline payment processes across the real estate industry,” said Zach Jacob, Vice President of Payload. “Together with AccountTech, we are simplifying real estate transactions and enhancing the overall customer experience.
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