Earnest money movement can be time-consuming and open to security concerns throughout the process. When looking to update your process, it’s important to consider several factors to ensure that you’re choosing a reliable and secure service that also meets your needs. Here’s what you should keep in mind:
- Security and Trustworthiness: The platform should have security measures in place to protect sensitive financial and personal information. Compliance with relevant financial regulations and industry standards is also key. Tidal Money offers a secure, 256-bit key encrypted portal meeting SOC-certified organizational compliance.
- User-Friendly Interface: The platform should be easy to navigate and understand. Tidal Money offers an onboarding team to help make the switch, and ongoing tech support to ensure you’re getting what you need out of the platform.
- Transaction Tracking and Documentation: Transaction history should be easy to access when needed. With Tidal Money, you can access your receipts digitally to download and print.
- Verification and Authentication: Look for a platform that verifies the identity of all parties involved, with safeguards in place. Tidal Money uses a third-party processor for all transactions and provides dual control when requesting and receiving funds.
The right software platform should address all the above points, and provide consistent, reliable service for your users. By carefully considering these factors, you’ll be better equipped to choose an earnest money deposit platform that aligns with your preferences, needs, and the requirements of your transactions. As the market ebbs and flows, it might be time to consider a new wave in money movement with Tidal Money.