ProjectPay Frequently Asked Questions

We pay contractors for work they have done on building projects as soon as they have done it, rather than waiting to be paid later. We have created a new model for buy now, pay later for the construction sector.

ProjectPay integrates seamlessly into construction claims and payment settlement process to improve cashflow, give homeowners confidence, so contractors can win more projects and grow their business.

Subcontractors enjoy payments on an unlimited number of projects and claims for just $4.99 per month. This is to use our digital claims management so that we know how much to pay you and to ensure that nothing delays your payments.

The platform is free for builders to use to manage their subcontractor claims process and payments. Builders can also decide to use ProjectPay to manage their own claims for the same subscription fee of $4.99 per month.

In addition, there is a small merchant fee of 4% on immediate payments made by ProjectPay, from approved claims. This fee is applied to your share only, not on payments you have to pass on to others. We take on the slow and no payment risks. The more payments you transact on ProjectPay, the lower the fee.

Summary:

• Subcontractors pay $4.99 per month for unlimited Projects and Claims
• Builders pay $4.99 per month if they use ProjectPay to manage their own claims otherwise it is free to manage their subcontractor claims
• Subcontractors and Builders will pay 4% fees on payments when they register for fast and guaranteed payments, which is called our merchant services.

Given the sectors problems with slow payments and no payments, we pay contractors fast and guaranteed. We take on the slow and no payment risks which means contractors never have to waste time chasing late payments again.

ProjectPay contractor partners have seen a increase in conversion with homeowners confident to move forward with projects and subcontractors keen to work on projects that are using ProjectPay.

Be sure to complete all business details and register for fast and guaranteed payments, and we’ll reach out to discuss next steps within 2-3 days. ProjectPay support is with you every step to get you up and running, fast.

We usually work with builders, head contractors and trade subcontractors with contracts to build residential or commercial projects with an average value of $500,000 plus.