Paper Problems Create Security Vulnerabilities
While assisting residents, balancing budgets or maintaining properties, the last thing you need to worry about is making sure each vendor invoice is processed and paid—on time. Making HOA vendor payments manually slows down operations and costs you extra in the long run.
With REPAY’s HOA vendor payment platform, you can avoid issuing and mailing stacks of checks.
Vendor payment solutions seamlessly integrate into your existing HOA system to manage accounts payable through a single platform. Simply send us electronic batches of vendor invoices. From the portal, you approve the invoice and then REPAY sends the payment using the vendor's preferred method.
Pay using ACH, credit card or virtual card
Simplify vendor setup and management
Realtime payment tracking puts hours back in your day
Manage 100s of vendors across individual properties
Enhance the vendor experience using our simplified AP platform. You can relax while we do all the work, from setup to support, while you focus on running your business smoothly.
Put funds back in your account by using virtual cards to pay vendors. Increase rebates and save time in the payment process to make vendors happy and keep your business moving.
Don't break a sweat when it comes to onboarding your vendors. Our team contacts each one to verify their payment preference and set up your ability to automatically pay them. Since REPAY is integrated into your existing operating systems, you can easily approve payments and track them in real time.
U.S.-based and available 24/7/365, our dedicated customer service team can assist you with every aspect of REPAY’s payment processing program.
Digital payment technology evolves every day, and REPAY has the resources and expertise to keep you ahead of the changes. Rely on REPAY to simplify payments and manage the platform integrations for improved cash flow, streamlined internal processes and increased vendor satisfaction.
It might (or might not) surprise you that many B2B businesses are still using outdated payment methods like paper checks for their accounts payable (AP) processes. In fact, according to a study from PYMNTS, “25% of B2B payments are made via paper checks.”
Small to medium businesses (SMB) across the U.S. are still feeling the ripple effects of the pandemic with supply chain issues, rising interest rates, growing inflation and uncertain economic conditions. As we approach 2023, inflation is the primary concern. Thirty-seven percent of Main Street SMB decision-makers cite it as their greatest worry, and it doesn’t look to be going away anytime soon.
PCI stands for “Payment Card Industry” and is a set of security standards created by the major credit card brands (Visa®, Mastercard®, Amex®, etc.). The Payment Card Industry Data Security Standard (PCI DSS) is the specific set of requirements created to ensure that your business has processed, stored, or transmitted credit card information in a secure environment.