New purpose-built product cuts payment processing time and eliminates hardware requirements for contractors working across multiple locations
GoodLeap, LLC, America’s leading technology company delivering financing and software products for sustainable solutions, today introduced GoodLeap Payments – a comprehensive payments product engineered specifically for today’s contractors. This bridges the gap between field operations and back-office systems, empowering contractors to get paid faster, streamline accounting, and eliminate inefficiencies from outdated tools.
In a home upgrade market expected to top $500 billion in 2025, payment inefficiencies remain a critical roadblock for contractors. Payment cycles often stretch beyond 60 days, with invoices left outstanding and contractors extending their capital to cover material and labor costs. These issues put a strain on the industry at a time when demand for sustainable home improvements is surging. GoodLeap Payments directly addresses these challenges by accelerating payments, reducing reconciliation time, lowering costs, and enabling contractors to scale with confidence.
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The product allows contractors to accept transactions wherever they work – at client homes, on job sites, or in the office – without requiring additional hardware. GoodLeap Payments supports Apple Pay, Google Pay, Samsung Pay, major credit cards, ACH, and electronic check scanning and offers multiple key features, including:
- Tap-to-Pay functionality on existing mobile devices
- Instant eCheck processing to eliminate paper check delays
- Remote payment links for completing transactions when not face-to-face
- Recurring payments for service plans
- Refund and dispute resolution management
- Transaction reporting and QuickBooks integration to streamline data reporting with accounting systems
“Contractors today juggle a patchwork of disconnected payments that hurt their business growth and frustrate their consumers,” said Hayes Barnard, Chairman, Founder & CEO of GoodLeap. “In an almost trillion-dollar home upgrade market, this fragmentation is a major barrier to growth. GoodLeap Payments is a perfect example of how we’re able to quickly engineer a software solution that helps contractors and homeowners at the same time.”
The timing is ideal for this solution. Despite advances in mobile-based payments in many industries, 69% of contractors still rely on paper checks. This gap highlights the significant opportunity for modernization that GoodLeap Payments addresses.
“With deep enterprise in the trades industry, we’re constantly adding products and solutions that help contractors address their needs and pain points,” said Grace Kaznecki, Head of Payments Solutions at GoodLeap. “We saw a clear opportunity to build a solution designed for the realities of contractor work – constantly moving between homes, job sites, and the office, all while needing seamless, real-time financial continuity.”
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