Hyphen Wallet Competitor Comparison

If you’re evaluating construction payment management systems, it’s worth doing your research, just as you would when selecting any other essential construction product or material. To make that process easier, we’ve compiled a side-by-side comparison of Hyphen Wallet and other leading payment solutions. This analysis breaks down key categories to help you identify which platform best fits your business needs and delivers the strongest return on investment (ROI).

Virtual Cards

Introduced more than 20 years ago, virtual cards have become a trusted digital payment solution across industries, helping reduce fraud and streamline expense management and reconciliation. In construction, virtual cards provide a secure way for professionals and firms to make or receive electronic payments through a one-time-use, 16-digit card number. They offer a powerful combination of control and flexibility, allowing users to set specific purchase amounts, recipients, and time periods. The benefits include cost savings, greater financial visibility, enhanced control, and simplified reconciliation. With Hyphen Wallet, virtual cards are just one of several available payment options, while some competitors rely on virtual cards as their only offering.

Integration with Existing Construction Software Platforms

Unlike other online payment management systems, Hyphen Wallet is purpose-built for the construction industry. It’s the only payment solution designed to integrate seamlessly with leading cloud-based ERP platforms such as BRIX and Hyphen HomeFront, while also offering open APIs for connectivity with external ERP systems. In addition, Hyphen Wallet integrates with world-class construction management solutions like BuildPro, allowing construction teams to automate payment workflows and improve overall project efficiency.

Flexibility to Choose From Multiple Payment Options

Hyphen Wallet gives construction professionals the flexibility to choose from a wide range of secure payment options, including Real-Time Payments (RTP), Virtual Cards, Wire Transfers, and ACH (Standard, Next Day, and Same-Day), as well as traditional checks. Unlike direct banking relationships that often limit options to Virtual Cards or ACH, or competitors that restrict users to a few preset methods, Hyphen Wallet empowers construction firms to select, in real time, the payment type that best fits their operational and financial needs. This flexibility supports stronger business relationships, simplifies transactions across projects, and ensures timely, transparent payments throughout the construction lifecycle

Immediate Payments

While many competitor payment solutions offer “enhanced” direct-deposit options that still take up to three business days after payment approval, Hyphen Wallet provides construction professionals with a faster, more flexible alternative. This free-to-use platform allows users to receive expedited payments instantly, or within 24 hours, depending on their chosen payment method, helping construction firms improve cash flow and keep projects moving without delays.

Increased Security and Reduced Fraud Risk

Hyphen Wallet provides 24/7 visibility into all transactions across construction firms and project teams, allowing payments to be verified and tracked at every stage of the process. While most electronic payment platforms help reduce errors, fraud, and the risk of lost or stolen checks, Hyphen Wallet takes security a step further. Its highly secure infrastructure ensures all data is tokenized and protected within the platform. By contrast, traditional banking methods still require businesses to store and transmit sensitive account information when processing ACH payments, creating potential vulnerabilities to data breaches and identity theft.

To learn more about the value-added features that set Hyphen Wallet apart in the construction ePayments space, schedule a demo today!