How to grow your payments app with mortgage and insurance brokers
By SendPay Business · · 2 min read
Mortgage and insurance brokers help people and small businesses find a mortgage or an insurance policy. Many earn commission from lenders and insurers, and some also charge clients a fee for their advice, often split between the start of the application and when it completes. Chasing those fees by bank transfer takes time, and clients want a clear record of what they have paid. A payments app that sends a payment link for each fee, takes a card payment in a meeting and keeps a record both sides can see can win these brokers, and every client who pays sees your app.
Talk to brokers
Ask local mortgage and insurance brokers:
- Do you charge clients a fee, and how do they pay it today?
- Is your fee split into stages, such as on application and on completion?
- Do clients ever ask to pay by card?
- How do you keep track of which fees have been paid?
Send a link for each fee
A payment link for each stage of the fee means the broker can ask for payment as soon as the work is done, and the client can pay in a few taps.
Keep a clear record
A simple list of what each client has paid, and what is still due, saves time at the end of each case and makes the broker's accounts easier.
Grow through referrals
Brokers work with estate agents, solicitors and accountants, and get many clients through them. One broker on your app can lead you to the firms they work with.
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 and estate agents?
The letting and estate agents guide covers holding deposits, rent and fees, and how to make those payments clear and on time.
Letting and estate agents →What about accountants and bookkeepers?
The accountants and bookkeepers guide covers advisers to many small businesses who can turn into a source of new business customers.
Accountants and bookkeepers →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.