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Disclosure platform SearchX has boosted flexibility for its vendors by integrating a pay-later system into its services following the introduction of Queensland’s new laws.
SearchX has integrated the pay-later platform Property Credit into its services to provide vendors with more flexibility, following the introduction of Queensland’s disclosure laws earlier this year.
Since 1 August, vendors in Queensland have been required to provide key disclosure information and documents to buyers before a contract for sale is signed.
According to SearchX co-founder Tim Neville, the pay-later system would provide vendors with faster, simpler, and more reliable service when obtaining disclosure forms.
“The integration was fast, reliable, and provided immediate benefits to our customers who require a completed Form 2 before they can sign a contract with a buyer in Queensland,” he said.
Property Credit said that the update would provide a more streamlined experience for SearchX, amid the industry’s shift toward smarter, tech-driven vendor finance options.
The company has updated its framework to embed pay-later, deposits, and marketing finance features into SearchX's system with minimal development effort.
The update will result in a more connected experience for agents, vendors, and technology partners.
According to Property Credit CEO, Giordano Stepancic, the company can move quickly to support proptechs wanting to offer pay-later options.
“We’re very happy to have been chosen by SearchX and proud of how agile our team was in adapting our APIs to deliver a smooth integration,” he said.
The company said that the SearchX integration highlighted the importance of flexibility and speed in improving vendor experiences.
“When proptech platforms can offer Pay Later or deposit funding inside their own systems, everyone – from vendors to agents – benefits,” Stepancic concluded.
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