Loft47, a real estate commission management system, and Payload, an industry digital payment processor, recently announced a new integration to change real estate payment processing, the first to cater to clients in both the United States and Canada.
The strategic partnership allows real estate professionals to simplify their financial processes by merging Loft47’s commission management tools with Payload’s payment options. The system is fully integrated and supports all modern payment methods, including ACH, EFT and credit cards.
‘A big step in simplifying real estate payments and boosting overall operational efficiency’
“Integrating Payload’s cutting-edge payment technology with Loft47’s state-of-the-art commission management and accounting platform gives our users a smooth and effective way to handle all financial transactions,” says Sasha Hryciuk, CEO at Loft47.
“This collaboration marks a big step in simplifying real estate payments and boosting overall operational efficiency.”
Benefits to real estate firms
The companies note the integration will bring the following benefits to real estate firms:
- Accept digital earnest money deposits, settlement and deposit payments, disburse agent commissions and collect agent fees
- Manage all property transactions through a single, streamlined platform
- Ensure secure transactions with advanced encryption and compliance features
- Gain real-time insights and detailed reporting on all financial activities
- Reduce manual processes and administrative overhead with automated workflows
Melaney Loar, director of operations at Regal Realtors, shares her experience:
“The tools are straightforward, saving us time and money. Before, we had to juggle a separate system to pay our agents, and data entry errors were a real headache. Now, with Payload’s focus on security and compliance, we don’t have to worry about fraud risks.”
Loar also explains that as the brokerage has grown, having reliable systems to scale with it has been crucial to reaching goals. “And the best part? Our agents are thrilled to get their commissions the next day.”
