A payments agent for contractor work

Pay contractors when the work is done. Not before.

Contractors submit their work through a private link. iPay's agent checks it against what you agreed, pays what holds up, holds anything odd for you, and keeps spare money earning interest. Every payment passes a risk check first.

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Paid in
Digital dollars
Unused budget
Earns interest
Every payment
Risk checked first

Release 0041

Checkout redesign, phase 2

$1,250.00

To
Maya Okafor
From
Studio treasury
  1. Owner approved the worknotes logged
  2. Contractor risk checkLOW
  3. Moved from savings$410.00
  4. Paid to contractorreceipt saved
Released
Try a risk result

Example data. The steps and rules are the real ones.

Low risk is paid automatically Medium risk waits for you High risk is blocked and logged Unused budget earns interest until it's needed The agent explains every decision in plain words Your money is never mixed with anyone else's

How a release works

Four steps between a budget and a paid contractor.

  1. 01

    Fund the workspace

    Your workspace gets its own payments account. You add the project budget to it. Nobody else's money is ever mixed with yours.

    account yours alone
  2. 02

    Park what you don't need yet

    The part of the budget that isn't due soon moves into savings and earns interest while the work happens. When a payment needs it, iPay moves back exactly the amount required.

    savings earning moves back when needed
  3. 03

    The contractor delivers

    Each milestone has a private link. The contractor opens it, describes what they delivered and adds a link to the work. No account, no login.

    status in progress → delivered
  4. 04

    The agent decides, then pays

    The agent compares the delivery with the agreed scope and the contractor's history, then pays, holds it for you, or asks for changes, with a reason you can read. It can only pay up to the limit you set, and every payment passes a risk check first.

    risk low payment confirmed

The policy

Three risk results. Each one does exactly one thing.

RiskWhat happensWhat you do
Low The contractor is paid right away, using savings if needed. iPay confirms the payment arrived and keeps the receipt. Nothing.
Medium The milestone is held with status needs review. No money moves. Look at the reasons and decide.
High The payment is blocked and the reason is saved to your history. Find another way to pay, or don't.

Every payment record keeps

  • the milestone, amount and recipient
  • your approval notes
  • the risk result and the reasons for it
  • the payment receipt
  • the interest earned up to that point

What it's built on

Off-the-shelf rails, wired together carefully.

Arc

The payment network. Payments settle in seconds, in digital dollars.

Circle

Holds each workspace's money in its own account, created when you sign up.

Circle Earn

Earns interest on the budget you are not using yet.

CompliR

Checks every contractor before they are paid, and signs the result so it can't be altered.

Put the next milestone
through it.

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