Haploos creates custom API’s that allow our clients to access payment portals and use them to deliver payments. Banks do not have this technology.
Haploos only makes money when you make money. Banks make money no matter what. If you send an ACH, the bank gets paid. If you send a paper check, the bank gets paid. If you do anything, the bank gets paid.
At Haploos, we only get paid if your virtual card program is working, and working well.
On 27 May 2022, the Department of Housing and Urban Development (HUD), the Government Accountability Office (GAO) and the Department of the Treasury came to an agreement that Haploos Virtual Card rebates will be considered “new revenue” and any rebate captured as a result of using Haploos Virtual Card to deliver payments will be categorized as UNRESTRICTED funds.
Haploos’ Virtual Card rebates are “new revenue” for PHAs and therefor, funds captured by PHAs while making HAP payments using Haploos’ VC are categorized as UNRESTRICTED funds.
PHAs may use the unrestricted funds in furtherance of their mission.
Haploos Virtual card is a new service to the government. No specific regulations or restrictions exists. PHAs and HUD are free to use Haploos Virtual Card and keep any rebates as unrestricted funds.
Haploos Virtual Card is in compliance with Treasury regulations and is appropriate for use by PHAs making HAP payments.
We provide Payments as a Service, not a Product
A major reason why Haploos is so significantly better than banks is because we have a dedicated team that stays with you from start through sustainment. You get to know your team, and they get to know you. Your Haploos team’s compensation rewards only when your program is successful.
Haploos is the payment. Everyone else is on the outside looking in, we are the inside.