Streamlining Property Payments: COHO Teams Up with GoCardless
Simplifying the Payment Process for Landlords and Tenants
In a move to revolutionize the way property managers and landlords collect payments, COHO has partnered with GoCardless to provide seamless bank payments. This integration enables COHO’s customers, including single-let landlords, property managers, and landlords of houses in multiple occupancy (HMOs), to collect recurring and one-off payments through a single, user-friendly platform.
A Smooth Payment Experience for Tenants
The partnership aims to provide tenants with a hassle-free payment experience, allowing them to make payments effortlessly. With GoCardless, landlords and property managers can automatically collect regular rent payments on the day they’re due, thanks to direct debit. Additionally, COHO customers can utilize GoCardless’ open banking-powered Instant Bank Pay, making it easy to take one-off payments for rental deposits and ad hoc charges without incurring high fees associated with card transactions.
Better Insights and Peace of Mind for Landlords
GoCardless’ platform provides landlords and property managers with real-time insights into rental payments, giving them peace of mind and enabling them to take prompt action in case of late payments. The platform’s credit control processes can be implemented immediately, helping COHO customers contain and manage rent arrears while remaining compliant with the latest property regulations.
A Win-Win Partnership
Tom Metcalfe, Director, UK&I Partnerships at GoCardless, expressed excitement about the partnership, stating, “We’re thrilled to partner with COHO to simplify payments for landlords, property managers, and their tenants. Our automatic collection, instant visibility, and streamlined setup process make GoCardless bank payments ideal for the property sector.”
Vann Vogstad, Founder and CEO at COHO, added, “This integration aligns perfectly with our mission of helping customers grow while improving the tenant experience. The unique combination of direct debit and open banking creates a seamless payment journey for tenants while reducing admin, costs, and late payments for landlords and property managers.”
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