How to grow your payments app with student hostels
By SendPay Business · · 2 min read
- 1Your card appears in your app
- 2Tap it to pay in a shop
- 3See every payment as it happens
Near many colleges and universities, private hostels rent rooms and beds to students by the term, semester or month. Owners collect deposits at the start of the year, then rent, often paid by parents from far away, and they spend a lot of time chasing late payers and keeping track of who has paid for which room. A payments app that sends rent links, lets parents pay from anywhere and shows owners who has paid can win student hostels, and every student and family who pays sees your app.
Talk to student hostel owners
Ask local student hostel owners:
0 of 4 answered
Tick each question once you know your answer.
Take deposits when rooms are booked
Sending a payment link for the deposit as soon as a room is reserved confirms the booking before the new term starts.
Try it
Name your platform and watch it come to life
Type a name, tap a colour and pick what it does. The phone changes as you go.
Colour
What it does
Design and preview your whole platform free, then launch when you are ready.
Let parents pay rent from anywhere
Parents can pay rent by phone from wherever they are, and students get a record they can show when asked.
Grow through students
Students talk to each other and move between hostels, and many will soon need to pay for much more. When their first rent payment is through your app, they are likely to keep using it.
How it works
Your own money app- 1Name it and pick your colours
- 2Choose what it does
- 3Launch when you are ready
Why sign up
Create your free SendPay account
It's all about creating your own financial platform with ease. Start with a free account today.
- 🪪A free business accountOpen it in about a minute with your business name, email, password and mobile. No card and no documents to start.
- 💳Get paid from day oneTake card payments, and share your own payment link and invoices so customers pay in a click.
- 🌐A free business websiteFree to build, free to publish and free to keep, with unlimited visits.
- 🚀Your own financial platformDesign and preview your whole platform free, then launch when you are ready.
SendPay Business is a technology company, not a bank. Accounts, cards and payments are powered by licensed partners.
Questions people ask
What about small landlords?
The small landlords guide covers landlords who collect rent every month, often by cash or scattered bank transfers.
Small landlords →What about hostels for travellers?
The hostels and campsites guide covers deposits for bookings and payments at check-in from travellers from many countries.
Hostels and campsites →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 launch. Your platform can be live on your own domain within 24 hours of confirmation.
Build my platform →Read next
Spotted a mistake or something out of date? and we'll fix it. How our guides are made
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. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.