Collecting payments is probably one of the most challenging parts of coworking space management. Members’ bank cards expire regularly and return failed payment messages. Transaction fees sometimes go as high as 5%, which seems really unfair to operators.
Direct debit, which is a scenario that allows a workspace administrator to transfer money from a member’s account on agreed dates solves both issues and adds even more benefits on top of this.
andcards in partnership with Stripe is happy to announce that now direct debit payments are available to coworking spaces all over the globe: in the US (ACH), Eurozone (SEPA), the UK (Bacs), and Australia (Becs).
This newly rolled out feature is going to take billing at a coworking space to the next level and make it even more convenient for tenants and effortless for administrators.
andcards' powerful billing automation already allows spaces to generate invoices and collect payments through bank cards such as Visa and Mastercard. When tenants move in, you just assign a membership plan and andcards takes care of bills and payment collection.
Now, in addition to cards, users can connect their bank accounts for payment settlement. The process of adding an account is exactly the same easy as adding a card. When the account is connected, you will be able to charge it in a click, just like you do with members’ cards.
"With connecting direct debit to our app, we can offer our customers more flexibility of paying the subscription. Moreover, the system of accepting payments is totally automated, which saves time for administrators at no processing fee charged by andcards. For members it's pure joy to pay seamlessly through their favourite app."
— Kate Moras, Co-founder of HUSTLE.
It’s impossible to overestimate the importance of this incredible billing system improvement. Finance is always a concern for every coworking space. No exceptions. The new Direct Debit functionality presented by andcards is another missing piece of the puzzle to make billing and payments at your coworking space really simple, streamlined, and convenient both for members and administrators. Just give it a try and feel the difference!
Not an andcards customer yet? Book a demo call with our product expert to see how the platform can automate your billing and what else can it do for your business.