How to grow your payments app with block management companies
By SendPay Business · · 2 min read
Block management companies look after blocks of flats on behalf of the freeholder or the residents' management company. They collect service charges, and sometimes ground rent, from every leaseholder, then use the money to pay for cleaning, lift servicing, insurance, fire safety checks and repairs. Collecting from dozens or hundreds of leaseholders, and paying many contractors, takes a lot of chasing. A payments app that makes service charges easy to pay can win block managers, and every leaseholder in their blocks sees your app.
Talk to block management companies
Ask local block managers:
- How often do leaseholders pay service charges?
- How do leaseholders pay you now?
- How much time goes on chasing late payers?
- How do you pay cleaners, lift engineers and other contractors?
Make service charges easy to pay
A link sent with each service charge demand lets leaseholders pay straight away, or spread the cost with a regular plan, so less time goes on chasing.
Pay contractors quickly
Paying cleaners, lift engineers and fire safety firms from the same app keeps every block's money in one place and contractors happy.
Grow through leaseholders and contractors
Each block brings in many leaseholders, and every contractor a block manager pays is a business that could take payments through your app too.
Build it
Create your own financial platform.
Pick a template, name it, brand it, preview every page before you pay. Your brand, your users, your fees.
Build my platform →Questions people ask
What about letting agents?
The letting and estate agents guide covers holding deposits, rent and fees, and making them clear and on time.
Letting and estate agents →What about lift servicing?
The lift maintenance engineers guide covers maintenance contracts, call-outs and repairs for lifts in blocks of flats, offices and hotels.
Lift maintenance engineers →Can I call it a bank?
In most countries "bank" is a protected word you can only use with a banking licence. Call it an account, a wallet, an app or a platform. The accounts and payments behind a SendPay Business platform are powered by licensed partners.
Is there a step-by-step plan I can follow?
Yes. The free launch checklist takes you from picking your people and naming your app to setting fees, going live and winning your first ten customers.
Digital bank app launch checklist →How do I start?
Pick a template, name it and preview every page before you pay. Your platform can be live on your own domain within 24 hours of confirmation.
Build my platform →Read next
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.