Constrafor utilizes leading technology partners to ensure that financial transactions processed through our platform are safe, efficient, and dependable. One of our key partners for payment processing is Stripe.
What is Stripe?
Stripe is a global leader in online payment processing and financial infrastructure. Millions of businesses, from small startups to large public companies (like Amazon, Google, and Zoom), use Stripe to accept payments, send payouts, and manage their businesses online.
Think of Stripe as the engine that securely handles the complex process of moving money electronically. They provide the secure technology rails for:
- Processing payments (like ACH transfers between GCs and Subs).
- Verifying payment methods.
- Protecting against fraud.
- Ensuring compliance with financial regulations.
Why Does Constrafor Use Stripe?
Constrafor partners with Stripe to manage the payment flows within our platform, including disbursements made through our Early Pay Program. Here’s why:
- Security: Stripe is certified to PCI Service Provider Level 1, the most stringent level of certification available in the payments industry. They invest heavily in secure infrastructure and fraud prevention.
- Reliability: Stripe's platform is built for high availability and reliability, ensuring that payments are processed consistently and without interruption.
- Compliance: Stripe stays up-to-date with complex global payment regulations, helping ensure Constrafor's payment operations are compliant.
- Efficiency: Using Stripe allows Constrafor to offer seamless and efficient payment experiences for both GCs and Subcontractors.
Layered Security for Your Peace of Mind
Stripe's robust security measures are a critical part of Constrafor's overall commitment to protecting your financial data and ensuring smooth transactions. When you receive a payment facilitated by Constrafor, Stripe is working behind the scenes to ensure that process is handled according to the highest security standards.
This commitment is reinforced by Constrafor's own SOC 2 compliance, which validates our rigorous internal controls over security, confidentiality, and processing integrity. Partnering with industry leaders like Stripe is a key component of maintaining this secure environment.
By leveraging Stripe's best-in-class payment infrastructure, Constrafor ensures that your payments are processed securely, reliably, and efficiently, letting you focus on your construction projects.
For more details on Stripe, please visit Stripe’s safety information.