How to grow your payments app with tool and equipment hire
By SendPay Business · · 2 min read
Tool and equipment hire shops rent out everything from drills and ladders to cement mixers and generators, to builders, tradespeople and people doing jobs at home. Most hires need a deposit, a hire fee and sometimes an extra charge if the hire runs late. A payments app that handles deposits, fees and refunds by link can win these shops, and every customer who hires sees your app.
Talk to hire shops
Ask local tool and equipment hire shops:
- How do customers pay for hires today?
- How do you take and return deposits?
- What happens when a hire runs over?
- What would make taking payment easier?
Take deposits by link
A payment link sent when the customer books means the deposit is paid before they arrive, so collection is quick.
Charge extra days simply
When a hire runs late, the shop can send a link for the extra days instead of waiting for the customer to come back and pay.
Grow through trades
Builders and tradespeople hire tools often and work with suppliers and other trades. One hire shop on your app can bring many of them to it.
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 hardware shops?
The hardware and building supply shops guide covers shops that sell tools and materials.
Hardware and building supply shops →What about tradespeople?
The tradespeople guide covers builders, plumbers and electricians.
Tradespeople →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.