Suppliers can sometimes feel like they are more in the banking industry than the materials business. Helping builders succeed is their job and their passion. But the credit burden and the risk they bear limits their ability to deliver as much as possible.
With BuildPay, those days are over. Project money is pre-loaded onto debit cards and put into the hands of contractors. Payment is instant and the pain of waiting on account receivables is removed.
Here’s How it Works
BuildPay will work with your location(s) to prepare to accept payment from BuildPay materials cards. There’s a one-time set up cost, but never any transaction fees.
Contractors and subcontractors will use their BuildPay cards to procure materials.
Payment release is initiated on the day of sale and is transferred from a central project escrow account to the merchant’s bank account.