Contract Payment Processing System for Real Estate Industry
A Few Words About The Project
The US based Real Estate organization wanted to provide Real Estate Closing service along with digital payments for all the parties involved in a real estate closings. Organization wanted to provide a digital payment processing which was very easy to use and can be integrated with the scheduled closings solution, Along with that separate payments so other users who are not doing closings are also able to Request and send money securely and with ease – directly in the bank account.
- Industry
- Region
- Client since
- Finance
- USA
- 2020
Solution Offered
Sufalam’s creative team analyzed the customers requirement in-depth and thought hard to identify the specific function from the Account Service API Integration Guide' that meets the clients requirements for payment processing. Relevant work was identified as a conclusion, and a web application was developed to bring real estate participants and individuals on one platform.
The client served as an administrator to manage their payment process for closings. A dedicated administrator panel was designed and developed for the management of payment processing.
Key Features
- Transaction with ACH, Wires, Check Images, and credit or debit card
- Send and Receive funds Directly into your verified bank account
- Send and Receive Closings payments into your verified bank account
- Easy bank account verifications for authentic transactions
- Unique payment link per user
- Payment processing options to receive funds with consent or Auto-accept
- Manage contact list for easy payments processing and communications
- One to One chat with transaction’s recipient
- Multiple bank institute selection for payment
- Multi-factor authorization for increased security
- Block or Report abusive users
Solution Benefits
- Hassle free and Secure payment processing for real estate closings and individual transactions
- Multiple payment methods to choose for payment
- No wallet in between, funds directly deposited to recipient’s verified bank accounts
- Realtime communication & alerts to the users for payments
- User can accept or reject the funds before money deducted from bank account
Tools Technologies Used
Various tools and technologies are employed in developing applications, enabling efficient workflows and enhanced user experiences.
WordPress CMS
MySql
Javascript
Bootstrap
