VoPay, a leader in payment technology innovation, has partnered with Spacelist, the number one commercial real estate listing platform in Canada, to ease payment processing. The partnership will provide an integrated bank account payment solution for SimpleLease, an end-to-end leasing platform being launched by Spacelist.
With 97% of businesses in Canada having less than 50 employees, SimpleLease will serve these small and medium-sized businesses to simplify and streamline the leasing process of commercial spaces, including payments.
SimpleLease saves the landlord and tenant valuable time by automating lease payments, leveraging VoPay’s technology to verify funds and schedule bank transfers automatically based on the terms of the lease agreement.
“Our mission is to make leasing a commercial property easy, accessible, and convenient for small business owners,” said Steven Jaffe, Chief Executive Officer and Founder of SimpleLease. “The leasing process can be intimidating and overwhelming for small business owners. By offering an easy to understand lease summary, and integrating negotiations within SimpleLease’s intuitive workflow, lease terms are easier to review.”
Spacelist identified this major pain point by servicing thousands of businesses looking for commercial space every day. Spacelist will be an integrated partner of SimpleLease, offering direct access to the commercial real estate leasing process for both landlords and tenants.
VoPay’s Chief Executive Officer, Hamed Arbabi added, “VoPay’s payment technology innovation addresses major pain points around accepting and managing bank account payments. By digitizing the PAD “pre-authorization debit” process we have eliminated the risk of return and NSF payments, which results in improved cash flow and saves significant back-office administration.”
SimpleLease will launch across Canada with VoPay’s payment technology in February 2020.
About VoPay
VoPay is a leader in payment innovation, digitizing online bank account payments with speed and transparency. Our API connects digital enterprises to banking systems, enabling them to facilitate direct bank account payments just like credit cards – but better. At VoPay, we have one goal: to eliminate all payment inefficiencies, so businesses can focus on what they do best in today’s digital economy. Discover the art of seamless and secure bank payments at vopay.com.
About Spacelist
Founded in 2012, Spacelist’s mission is to make commercial real estate more accessible and efficient. Spacelist brings all of Canada’s and the US’s commercial real estate listings together in one place, making it easier than ever to find great space for your business.
For more information, please visit: spacelist.co.
About SimpleLease
SimpleLease streamlines the commercial leasing process for both landlords and tenants. Offering a lease management platform aimed at small businesses and landlords, SimpleLease covers retail, office, and industrial properties. SimpleLease can dramatically cut down on paperwork, legal fees, and most importantly, the time it takes for a small business to secure a commercial lease.
Learn more about simplifying your leasing process today at simplelease.io.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191114005102/en/