SOURCE: Zipmark


March 19, 2013 10:31 ET

SupplyHog Partners With Zipmark, Enabling General Contractors to Buy Building Materials Using Secure Digital Checks

NEW YORK, NY--(Marketwire - Mar 19, 2013) - Zipmark™, a pioneer in online and mobile payments, and SupplyHog, the leading online platform for on-site delivery of construction materials, today publicly announced the addition of Zipmark as a payment option on General contractors, estimated by the U.S. Bureau of Labor Statistics to number nearly 5 million workers, still rely largely on paper checks to pay for construction materials. SupplyHog chose Zipmark to ensure that its customers can pay electronically from their existing checking accounts.

Now that SupplyHog's customers can pay with Zipmark eChecks, SupplyHog receives guaranteed funds on the morning of the next business day. By reducing transactional risk, Zipmark enables SupplyHog to ship materials to job sites as soon as an order is placed. In a business that is all about meeting deadlines, Zipmark and SupplyHog are working together to "Get. Ship. Done."

"Our goal at Zipmark is to make transactions easier for payers and billers," said Jay Bhattacharya, CEO of Zipmark. "Working with partners like SupplyHog allows us to help an industry that previously relied on inefficient paper check payments."

In an industry where money is always 'in the mail,' increasing transparency and mitigating risk payments is a significant development. According to Nathan Derrick, CEO of SupplyHog, "Every customer who pays with Zipmark saves SupplyHog money on transaction fees and helps eliminate the hassle of paper checks. Zipmark provides our customers with a digital checkbook, and in an on-the-go industry, convenience is everything."

General contractors who use SupplyHog are looking to simplify their lives. Zipmark is another tool for this reduction in complexity. 

"Purchasing materials on has made my life easier, and when I thought it couldn't get any better, they added Zipmark," said Russell Levine, a general contactor based in Tennessee. "As a general contractor, I'm always writing paper checks. Keeping track of what I've paid for, account balances, and where to send checks is a huge headache. With Zipmark, I can pay instantly and easily -- with confidence. One click and I don't have to worry." 

About SupplyHog
SupplyHog is an online marketplace for construction supplies. They are creating a better way for general contractors to procure building materials, by bringing transparency and efficiency to a market that is currently dominated by phone calls, shopping trips, fax machines, endless negotiations and personalized pricing. By offering drop shipping and contractor-level pricing, they ensure that contractors get a great deal and save time.

About Zipmark
Zipmark's goal is to remove barriers between businesses and their money by bringing the checkbook into the 21st century: reducing the amount of time and money it takes to make a check payment, eliminating bounced checks, and taking all risk out of the equation for payer and payee alike. Zipmark was launched in 2010 by Jay Bhattacharya and Jake Howerton, and is based in New York City. Zipmark's investors are Village Ventures, Contour Venture Partners, NYC Seed, High Peaks Venture Capital and the New York City Investment Fund.

Disclaimer: Zipmark™ is a registered trademark of Zipmark, Inc. All other copyrights and trademarks within the release are property of the respective brands.

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