Brokerage Engine, a back-office real estate brokerage software solution, announced a partnership with Payload to automate agent billing, earnest money deposits, agent commission payouts, and internal customer SaaS billing.
Payload, a Fintech platform, offers a suite of developer APIs and toolkits allowing the customization of 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 through a mix of methods and processes such as bank direct ACH, separate card processing, manual checks and wires, as well as cash.
“Managing a decentralized payment landscape for more than 500 agents was time-consuming for our agents and administrative team,” Brianne Alston, chief financial officer of Gibson Sotheby’s International Realty, said in a release. “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.”
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 homebuyers via payment link or within Brokerage Engine. Commission payouts are processed the same day for quick delivery to agents, according to company leaders.
“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 they 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,” said Zach Jacob, Payload vice president of partnerships. “Through our integration, we have the opportunity to help automate payments for thousands of agents and admins across North America.”