Instant Real-time Deposit 24/7/365
U.C.C. 4A-103 (Payment Order; means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if: (i) the instruction does not state a condition to payment to the beneficiary other than time of payment; (ii) the receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from, the sender; and (iii) the instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank." "Today Payments Gateway", (a fast credit push payment system) electronic bank transfers are not restricted like ACH transactions to amount, or account type, and work with 100% of US checking accounts for any amount. Electronic checks do not fall under NACHA rules or Reg. E.
The rules regarding acceptance of a payment order are set out in §4A-209. §4A-209 sets out a couple of different events which will trigger acceptance of a payment order. As far as a seller is concerned, by far the most important trigger is set out in §4A-209(b)(1) which basically states that the beneficiary’s bank accepts a payment order when it pays the beneficiary or notifies the beneficiary that it’s account has been credited. Therefore, once a seller or seller’s counsel learns or is notified by it’s bank that funds have been credited to their account, the seller can safely assume that the payment order has been accepted and that therefore, the funds cannot be recalled.
Our system is a leading payments service that can reach virtually all U.S. bank and credit union accounts and enable funds to be sent and received typically within seconds 24/7/365.
Features & Benefits
Today Payments Gateway has benefits for all parties involved in Real Estate Transactions. If you're a member of one of the following 8 groups, call us to see how we can benefit you: (Buyers, Sellers, Tenants, Property Management, Brokers, Agents, Escrow and Title).
Payment Orders (aka: Wires) benefits include:
- Money Transfer: Commission payments sent electronically.
- It's Fast: 24/7/365 access to funds anytime vs. several days for paper checks or ACH transfers to process.
- Funds Disbursement: Real Estate companies can disburse funds to their Vendors, Agents or Rebate discounts to their customers' bank accounts or mobile wallets.
- Software Integration: Integrate your Real Estate Management software with us.
- Online Earnest Money Deposits: Don't use inconvenient and expensive Wires & Cashier's Checks.
- Online Down Payments: Don't use inconvenient and expensive Wires & Cashier's Checks.
- Online Real-Time Reporting: Quit photocopying checks, receipts and escrow instructions.
- Reduced calls / emails to Escrow: All parties to a "Today Payments Gateway" transaction receive text & email messaging. You choose who receives messages, Brokers, Agents, Transaction Coordinators, Escrow, Title, Lenders, etc.
Your Choice ~ Integrate your Real Estate Management software system with us or, send us your API and we'll integrate with YOU!
Why use Today Payments Gateway?
You get the flexibility to securely automatically authorize, process, and manage Good Funds transactions directly from your integrated software solution or manually keying them into our Virtual Terminal:
Today Payments Gateway is SAFE: It is safer than cash or checks in protecting users against fraud. The platform uses transaction limits and cross-border blocks to avert money laundering. eCheck transactions, using bank login authorization, are the most secure method of funds transfer available.
Fraud Protection: Identify, manage and prevent suspicious or potentially costly fraudulent transactions with our customizable, rules-based solutions.
- Instant - funds will be received in seconds.
- Flexible - send or receive one-time and recurring payments.
- Easy - it's all done online or via your mobile device, no need to visit the bank.
- Quick - takes seconds to set use once your company is approved.
- Secure - money goes directly into the recipient's account of choice.
- Convenient - funds can be instantly accessed and spent.
- Inexpensive - one of the cheapest on the market as there are no costs for the receiver.
- Automate Agent Commission Payments (and other Account Payables)
- Automate Account Receivable Collection
- One-time and Recurring Debits / Credits
- The amount used to fund the transaction will be the total amount to be sent to the Recipient. Today Payments Gateway fees and any fees charged by the Originating Institution will be charged in a separate transaction.
- The Sender can fund the transaction using any deposit account at their Bank or Credit Union.
- The Funding Transaction can be initiated in a number of ways, including at our website's Virtual Terminal, a mobile application, QuickBooks accounting software or a Web-based integrated software.
Today Payments Gateway is FREE to Receiving Party: Your Recipients will never be charged enrollment or transaction fees.
Today Payments Gateway is FAST: 24/7/365 access to funds anytime.
Today Payments Gateway is GENEROUS: Send up to $10 million US dollars in a single transaction - Transaction fee is only $1.75.
Today Payments Gateway is EFFICIENT: The platform makes digital payments effortless and more efficient. We drive efficiencies and cost savings.
Today Payments Gateway is EASY TO USE: It connects users across the globe all through one digital hub.Worried about Internet security? DON'T BE:
After a transaction is processed, you'll even receive an e-mail with amount confirmation and receiver information. Plus, our payment platform gives you the ability to manually key-in transactions anywhere there's an Internet connection.
Today Payments Gateway doesn't share banking information between parties: "...consumers and businesses indicated that they would rather share an e-mail address or a phone number to make/receive payments instead of sharing their bank account numbers." Page 29, Strategies Improving US Payment System
Today Payments Gateway allows for "Multiple Depository Accounts": More than one property or owner? No problem. Use multiple depository accounts at one Financial Institution or Different Financial Institutions.
Sending money with Today Payments Gateway is:
QuickBooks Integration INCLUDED FREE!
QuickBooks® Integration: Today Payments Gateway specializes in the origination of moving money electronically. Use QuickBooks accounting software and our online virtual terminal gateway software to send and receive Good Funds transactions over the internet.
How Today Payments Gateway works for Real Estate Companies in Sending & Receiving Funds
Working with two Financial institutions (i.e. the "Sender's" Financial Institution and the "Receiver's" Financial Institution), Good Funds money transfer services engage in two transactions to accommodate the money transfer between the Sender and the Recipient: a funding transaction and a payment transaction.
Step 1: Funding Transaction
Today Payments Gateway platform creates a Funding transaction (i.e. Credit Push) to move money from the "Sender's" Originating Financial Institution (the financial institution where the money is currently on deposit); transactions enter the payments systems from the sender�s bank through the "Good Funds Wallet".
Step 2: Payment Transaction
The Today Payments Gateway platform transfers funds from the Originating Institution, via the "Good Funds Wallet" to the account identified by the Recipient at the Receiving Financial Institution. The Originating and Receiving Institutions must both have the ability to process electronic check transactions, (Good News: 99% of Financial Institutions have these abilities!).
We have fast, friendly support!.
Our in-house experts are standing ready to help you make an informed decision to move your company's payment processing forward. Allow us to offer and create an electronic payment processing program to provide you access to your funds in an expeditious manner.
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Stop Going to Your Bank, Western Union or Money Gram to transfer money worldwide!
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Frequently Asked Questions
- Regulation X - Real Estate Settlement Procedures Act
- RESPA - CFPB Consumer Laws & Regulations
- Regulation E - Issued by the Federal Reserve Bank pursuant to the Electronic Funds Transfer Act (EFTA), pertains to ACH.
- NACHA Operating Rules - Issued by the National Automated Clearing House Association pertains to ACH.
- Article 4A of the Uniform Commercial Code (UCC) applies to applies to credit funds transfers only.
- Articles 3 and 4 of the UCC and Reg CC apply to checks.
- PART 1. SUBJECT MATTER AND DEFINITIONS
- PART 2. ISSUE AND ACCEPTANCE OF PAYMENT ORDER
- PART 3. EXECUTION OF SENDER'S PAYMENT ORDER BY RECEIVING BANK
- PART 4. PAYMENT
- PART 5. MISCELLANEOUS PROVISIONS
FINALITY OF PAYMENT FOR CREDIT TRANSFERS - PAYMENT FINALITY AND DISCHARGE IN FUNDS TRANSFERS: See https://scholarship.kentlaw.iit.edu/cgi/viewcontent.cgi?article=3669&context=cklawreview see pages 633-675
Today Payments Gateway Pricing
Remember, we offer several services and products that work with our Today Payments Gateway Processing platform. Whether you handle dozens of transactions a day or hundreds, we have the right software & equipment for you!
We provide ACH, EFT and Credit Card Processing all integrated into our software!