#United States #San Francisco #Contractors #Payments #GoodLeap

GoodLeap's Cutting-Edge Payment Solution for Contractors

GoodLeap, LLC, a leading name in sustainable technology solutions, has recently unveiled GoodLeap Payments, a revolutionary payment solution designed to enhance how contractors get paid. With the home improvement market projected to surpass $500 billion by 2025, the need for efficient payment methods has never been more critical. GoodLeap Payments addresses long-standing issues that contractors face, such as delayed payment cycles and overdue invoices, enabling them to focus on their work rather than administrative hurdles.

For many contractors, the struggle with payment processing can lead to significant financial strain. Traditionally, payment cycles can stretch beyond 60 days, during which contractors often have to use their own capital to cover material and labor costs. This financial dilemma may hinder growth and discourage new business opportunities. By introducing GoodLeap Payments, the company aims to streamline the payment process, allowing contractors to receive their dues faster, thus alleviating their financial pressures.

Key Features of GoodLeap Payments

GoodLeap Payments stands out due to its comprehensive functionality tailored for the modern contractor. Some of the standout features include:

• - Tap-to-Pay functionality that operates on existing mobile devices, ensuring transaction convenience wherever the contractor is.
• - Instant eCheck processing that effectively eradicates the delays associated with traditional paper checks.
• - Remote payment links which allow transactions to be completed seamlessly even when contractors are not face-to-face with clients.
• - Recurring payments feature aimed at helping contractors manage service plans efficiently.
• - Refund and dispute resolution management, simplifying the process in case issues arise with transactions.
• - Transaction reporting and integration with QuickBooks, making it easier for contractors to manage their financial data alongside their accounting systems.

Bridging the Gap Between the Field and Back Office

Hayes Barnard, the CEO and founder of GoodLeap, highlights the fragmentation that many contractors experience with disconnected payment systems, stating, "In an almost trillion-dollar home upgrade market, this fragmentation is a major barrier to growth.” GoodLeap Payments aims to eliminate this hurdle by providing a solution that integrates payment processing with field operations and back-office systems. This alignment not only speeds up payment receipt but also helps contractors focus on their core business functions.

Despite the rapid advancement of mobile payments across various sectors, 69% of contractors still depend heavily on paper checks. This reliance underscores the immense potential for modernization that GoodLeap Payments seeks to achieve. Grace Kaznecki, Head of Payments Solutions at GoodLeap, emphasizes that the product was developed with the unique needs of contractors in mind—those who are constantly moving between homes, job sites, and offices, all demanding seamless financial continuity.

Immediate Availability

Contractors interested in leveraging GoodLeap Payments can access the solution immediately, streamlining their payment processes starting today. You can learn more by visiting their official website at goodleap.com/businesses-payments.

About GoodLeap

GoodLeap is committed to delivering top-tier financing and software products designed for sustainable solutions, spanning from solar panels to energy-efficient HVAC systems. The company's mission goes beyond mere functionality; it believes in making sustainable solutions affordable and easier for homeowners. With over 1.2 million homeowners having benefited from its technology, GoodLeap has significantly impacted the industry by securing more than $30 billion in financing for sustainable projects since 2018. Additionally, GoodLeap actively supports its nonprofit initiative, GivePower, which has touched the lives of over 2.1 million people across various continents by providing clean energy solutions. For more information, visit GoodLeap's website.