Set Your Terms
With CheckVault, your invoices are secured in advance, with the money held by Perpetual Corporate Trust Ltd (“Perpetual”) prior to supply. When delivery or performance is complete, both buyer and seller approve release and the funds are transferred to the seller within 1-3 business days. As the money has already been paid by the buyer, there is no incentive for them to delay approval – getting you paid faster. Our ratings and testimonial system provide even more incentive for buyers to release funds promptly. Insist on CheckVault and separate the serious buyers from the time wasters. By securing payment in advance, you know the client is not only serious, but has the money to complete the transaction. With CheckVault you won’t be waiting 30, 60 or 90 days to get paid, or waste valuable staff time chasing your trade debtors.
Fast, Free and Efficient Opportunities
CheckVault is available exclusively through CheckTender. CheckTender offers you a platform to find and negotiate potentially thousands of sales in real-time, for zero cost. CheckTender is cloud based – which means you can access CheckTender and find new opportunities from anywhere, anytime. View and negotiate all aspects of your contracts online, post comments, upload variations or modify payment requests prior to supply.
Rebecca DAccountant - Senior Manager / Watkins Coffey Martin
It's fantastic and easy to use. We simply quote, and our clients secure us. As soon as we finish the clients work to their satisfaction, we get the money the next day. No more waiting and no cost.
Matthew CAccounting Client
CheckVault is a great method for transacting. It empowers you as a consumer. It delivers peace of mind, while putting you in a position to receive a prioritised service delivery, often with a discount too.
Brian FDirector / The Country Group
The security with CheckVault is 100% secure as opposed to taking the builders word that he's going to pay. I sleep a lot better at night knowing my payments are secured.
Daniel WProject Manager / FS Hough
As a Buyer I feel comfortable that I know my subcontractors are secured and they prioritise my work. As a Seller my clients understand I should have security of payment because of an ever changing business world.
Matt WDirector / Backyard Pool & Solar
I’ve been stung before on one or two occasions, now with CheckVault I don’t have that worry, because basically if they haven’t got the money, we don’t go past the next milestone. Prior to CheckVault I felt as though I was a money lending machine for clients that would take forever to pay.
Steve MDirector & Manufacturer / Prestige Home Solutions
Our experience with CheckVault has been great. They listen & understand the problems businesses face in today's society. We recommend CheckVault to everyone.
Sameer K.Partner / CharterNet
CheckVault understands our business and have given us the tools we needed to get our payments in faster. Implementing it has been a simple and smooth transition.
Aaron K.Director / AOK Property Services
[My clients have] got security knowing they aren’t going to get the funds released until the work is done properly. I’ve been able to give them a discount because I know I’m going to get paid quickly.
Transactions can be divided into as many part payment or “milestones” as both parties find appropriate. Milestones can be set to either a date or a completion of a set of terms allowing you total flexibility. You can use this for periodic payments, lay-buys, or at the completion of a defined event. Give your clients the confidence and opportunity to make large purchases, with less administration. With CheckVault, you and your client are in control of setting appropriate terms.
Are you wary about taking on new business? Use CheckVault for prospective clients who don’t have an established record or trading history. Conversely, CheckVault provides peace of mind to your customers who may be be wary of dealing with a new business. CheckVault could mean the difference between competitive prices and relationships, or being frozen out of a marketplace. Use CheckVault to partially secure a line of credit, or as an initial trust building mechanism. CheckVault gives you and your clients the tools to securely manage payments in a risk-adverse environment.
See how it works
Why choose CheckVault
- Feel safe knowing you are secured
- Maintain control for sellers and buyers
- Easy management of transactions
- Take the risk out of pricing
- A revolution in payment security
Keep Administration in Check
Cut down on the paperwork and unproductive, wasted staff hours. With CheckTender manage all aspects of your contracts online. You can even note, agree and have payments secured for all variations before work commences. Negotiate milestone payments prior to acceptance, and catalog all variations online.
Cash Flow Control
As a supplier, there is no better feeling than knowing you are in control of your cash flow and your business. With CheckVault you know that when you negotiate a sale, the Buyer has the funds available to make payment to you without delay. You know when you will receive your money so you can plan your purchases accordingly.