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09/08/2021

Paradigm launches new payment processing solution

The digital platform allows contractors, distributors, dealers, and manufacturers to accept payments in the field or in-store.
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Paradigm has introduced a new payment processing service that is specifically designed to help building professionals eliminate unnecessary costs and complexity associated with payment processing.   

Paradigm Payments solution allows contractors, distributors, dealers, and manufacturers to securely accept credit or debit cards and process checks in the field or in-store.

The service is easy use, integrates with existing accounting systems and applications, works seamlessly with leading third-party terminals, and adds convenience and professionalism to each transaction, according to Paradigm.

“Although implementing an integrated payments solution has become essential for the building products industry, it remains one of the most intimidating and confusing parts of the business,” says Matt Davis, Paradigm product director.  “We have seen too many entities throughout the construction and renovation supply chain sign up for bad payment deals that are poorly integrated, deceptively priced, and barely understood. Paradigm Payments will fix that.”

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Paradigm Payments is made available through a partnership with Paya, a top 20 provider of integrated payments and commerce solutions, including billing services, payment acceptance, data management, and automated back-office reconciliation.

Paya processes over $40 billion in annual payment volume across credit/debit cards, ACH transactions, and checks, and serves more than 100,000 customers in segments such as health care, education, non-profits, utilities, and construction.   

“We’re excited to launch this service with a partner who is not only a leader in the payments space, but also shares our vision of simplifying how money moves in this industry,” says Davis. “Paradigm Payments already integrates with Paradigm Vendo™, our digital in-home selling solution, and we fully expect to roll out integrations with our full suite of industry solutions.”  

Based in Middleton, Wis., Paradigm provides technology solutions to the home building industry.

Last month the company was acquired by Builders FirstSource.

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