How to maximize revenue: monetization with in-app Payments

Shopping online from your phone is as simple as double clicking a button to confirm a purchase, and that’s the experience customers expect from any purchase. Why shouldn’t it be equally frictionless for tenants to book a meeting room at the office or a cleaning service for their flat?

In the Spaceflow tenant app, it is that easy.

With the launch of our newest module, Payments, tenants can enjoy convenience when making bookings and operators can fully leverage the revenue generating potential of their properties. 

Highlights

• Secure in-app payments with automated booking confirmation
• Choose which amenities require payment
• Transparent payouts  
• Refunds processed automatically according to booking policies
• Payments and bookings data tracked in the Spaceflow Bookings Dashboard

Together with Spaceflow’s Bookings and Vendors & Services modules, Payments positively impacts three areas.

1. Maximizing revenue

As operating expenses rise faster than rents in many markets, property managers and owners must create new opportunities for revenue generation. In-app payments make it possible to fully monetize amenities, spaces, and services to boost NOI.

• Offer one-time-purchase services
• Offer subscription-based services
• Increase cross-sells and upsells 
• Capture purchases when intent is highest—as tenants view marketed options in the tenant app

2. Streamlining operations

Making operations more efficient contributes to amplifying yield. Combining Spaceflow modules Payments, Vendors & Services, and Bookings not only creates new opportunities for revenue generation, it also takes day-to-day tasks off the plate for property managers. 

Payments allow tenants to make purchases and pay for bookings with zero staff involvement, freeing up time for higher-priority operational tasks.

3. Meeting tenant expectations

Your tenants expect convenient, tech-enabled experiences in the building. In-app payments removes a significant barrier to that convenience and provides customers with faster, self-service options to live life on their own terms.

‍

Adding up these benefits, it’s clear that our newest module will have a strong impact on revenue generation, operational efficiency, and tenant experience. For more information on the Payments module, reach out via hello@spaceflow.io