The world's first Smart Legal Invoice (SLI)™ payment system that will utilize smart contracts & blockchain technology to help businesses of all sizes get paid more efficiently, save money on transaction fees and create a more stable fast and secure invoice ecosystem all while rewarding users with Pro Pay Coins for every successful transaction.
The current invoice system that most companies use is flawed, slow and expensive with some payment providers charging up to 3.5% to facilitate a payment or a monthly fee with a fixed term contract, it also leaves many gaps for late and defaulted payments, costing companies time and money trying to recover debts that are legally theirs in the first place. Some companies end up spending more than the invoice balance on legal costs and litigation, and in some extreme cases end up going out of business because of non-payment. .
Prontapay will be a revolutionary invoice payment platform built on blockchain technology that will use smart contract & smart legal code, to create our trademarked Smart Legal invoice (SLI)™. Companies will be able to create and send out smart legal invoices (SLI)™ using our desktop or mobile interface to customers quickly and easily requesting payments for services or goods automatically or on a set date determined by them. Each invoice will be sent on the blockchain and incorporate smart legal coding that will make the invoice once accepted form part of a more legally binding agreement between company & payer.
|“||End of 2018: The Prontapay platform will be rolled out in three phases moving incrementally towards full integration of the platform, firstly our beta version will go live at the end of 2018 allowing pre-selected businesses to test out the prontapay platform & send out Smart Legal Invoices & receive payments.
First quarter of 2019: The second phase will be the implementation of our mobile interface that we hope to have live by the first quarter of 2019.
Second half of 2019: The third & final phase will be the release of the full prontapay platform in the second half of 2019 allowing mass integration for SMEs to start utilising the platform.