Escrow at scale
PayKeeper is an execution engine that automates and de-risks financial transactions using condition-based payments.
A modern payment solution should be more than routing and reporting. It should easily manage payments from thousands of different sources into thousands of different accounts (each with different disbursement conditions), paying to thousands of payees (which can also have specific disbursement conditions). With the ability to fully integrate with the software that runs your business. That’s what we built!
Escrow + More
With PayKeeper all parties are protected. Funds are held securely until conditions are met and verified, then payments are efficiently sent to all receiving parties. Make it super smooth and do it at scale.
De-risk Transactions
All parties are protected when (1) payments are made when contractual conditions are met, and (2) each payee receives their funds directly. PayKeeper does that at scale.
AI Execution Engine for Payments
As banks, insurance companies and fintechs incorporate AI to make decisions, more varieties of outcomes need to be processed. Often their model will require conditions (such as verifications before the next payment), and the need arises for a robust execution engine that can match the capabilities of the decision engines.
Vendor Payment Management
Management of payments to different vendors require individualized guidelines and conditions. At most companies that means extra staffing that “knows what to do”. PayKeeper allows the most complex set of conditions to be addressed programmatically, transferring the “know-how” to the software and reaping the benefits of consistency and cost reduction.
PayKeeper makes it simple
We bring the power and security of escrow to everyday transactions through our innovative and easy-to-use platform. Our customizable system can support the terms of any project or transaction, making conditions-based payments available to everyone.
Agree on Terms
With PayKeeper, escrow accounts can be created in seconds. A simple workflow allows the buyer to confirm the project details and deposit funds. Funds are held in an FDIC-insured bank account.
Milestones are Met
Each milestone requires verification before funds are disbursed from the project escrow account. Simple workflows in the PayKeeper app make it fast and easy to upload documents or photos and for verification to be completed.
Eliminate Risk
PayKeeper prevents problems from happening in the first place. Escrow protects both sides in a transaction, and builds trust from day one - creating harmony between the buyer and seller.
