Your money, held
securely.
Wediate holds funds in a secure escrow-style account, releasing payment only when you approve each milestone. No surprises. No disputes. Just clarity.
How Wediate works
Designed to fit your existing workflow. Keep using your CRM, invoicing software, or email — Wediate works alongside everything.
Quote sent with Wediate details
The contractor sends their quote as normal, including Wediate's holding account details and CC'ing inbox@wediate.com.au.
Buyer deposits to holding account
Funds are transferred directly into the secure Wediate holding account. Wediate confirms receipt to both parties.
Milestone approved → funds released
When a stage is complete, the buyer approves via email or the portal. Wediate releases the exact milestone amount to the contractor.
For Buyers
Your money stays safe until you're satisfied. Approve each milestone on your terms — via email reply or the portal.
- Funds only release on your approval
- Real-time balance visibility
- Dispute protection built in
- No new apps required
For Contractors & Sellers
Get paid promptly when milestones are complete. Wediate holds the funds upfront so you know the money is there.
- Funds secured before work starts
- Keep using Simpro, Xero, or email
- Fast release on milestone approval
- Verified holding account identity
Ready to transact with confidence?
Contact us to set up your holding account, or verify an existing Wediate account before transacting.
Frequently Asked Questions
How does Wediate protect my deposit?
Wediate holds your funds in a secure Commonwealth Bank holding account. Money is only released when you approve each milestone — giving you full control over every payment.
Is escrow safe for construction payments?
Yes. Escrow-style holding accounts are one of the safest ways to manage construction payments. Wediate adds dual approval (email + phone) for an extra layer of security beyond traditional escrow.
What does Wediate cost?
Wediate charges a flat 1.5% fee (inclusive of GST) on deposits into the holding account. There are no setup fees, no monthly fees, and no hidden charges.
How long does it take to set up a holding account?
Most holding accounts are set up within 1–2 business days after your application is reviewed and approved.
Is Wediate compatible with Simpro and Xero?
Yes. Contractors can continue using Simpro, Xero, or any invoicing software. Simply include your Wediate holding account details in your quotes and CC inbox@wediate.com.au.