Time you’ve spent telling your subcontractors “As soon as I get paid”.
Why put yourself through it?
Your payments currently look like this:
What if you could have payments like this?
This is how to do it
Clients love it too
David S
New homeCheckVault has been a terrific experience. I’ve had as much help as I could have requested and the whole thing has been quite easy. It works very well.
Michelle M
RenovatedUsing CheckVault we got a discounted price, because [the builder] knows his payments are secured.
A quick look
Costs practically nothing for businesses
No setup fee
Nope
$49/Month
One user
$79/Month
Multiple users
Contract Sum Secured fee – 0.89% fee; (minimum fee $50)
Good deal
Client pays card fees
1.5% is pretty low too
No refund fees
We don’t charge for that either
So many ways you can use it
Supply & Install
Create a job with two payments. One to release on delivery of materials and one to release once install is complete.
Milestone Based
Set up a list of milestones and an associated cost for each one. Get the client to pay before you start each milestone and release when complete.
Large Progress Jobs
Take an estimated amount as security before each month’s work. If it ends up less, return the difference. If it ends up more, make a top up.
Security Deposits
Take a sum as a security backstop during the course of a job and request release of the deposit if the customer is unable to make an invoice payment.
Retentions
There is no maximum time funds can be stored in CheckVault. That makes it ideal for retentions and warranty deposits that may be stored for years.
Handles any situation
FLEXIBLE RELEASE
If the amount that needs to be released doesn’t exactly match what’s held in CheckVault, any amount from zero to the full payment can be released. The difference can be refunded or stored in CheckVault for later.
REFUNDS
Sometimes things don’t go to plan. You can rest assured knowing that if for any reason money needs to be returned to your client, we’ll settle with them just as fast as we do with you.
INSTANT NOTIFICATION
You need to know as soon as things happen. Receive noifications instantly when payments are approved or declined, requests are read and messages are sent.
DISPUTES
Given the nature of the vast majority of disuptes, CheckVault simply sidesteps the most common reasons. Even then, we have a fair process that is better then the status quo if worst comes to worst.
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