Home Buyer Merchant Services was originally designed as integral to Home Buyer’s mortgage sales process, as a quick and easy way for brokers to collect a fee from the customer. However, demand has now spread to the estate and lettings agency sector, which is often the environment within which mortgage brokers operate. Home Buyer Merchant Services has the advantage that it does not require the payment card to be electronically swiped, because the transaction is done via the Internet. It is a simple and cost effective method that enables lettings agents to accept debit and credit card payments from customers who need to make a substantial payment for their deposit and first month’s rental at the time of the transaction, without going through the inconvenience of obtaining a banker’s draft or having to wait for cheque clearance.
Richard Angliss, managing director of Home Buyer Systems comments: “Along with mortgage brokers and IFAs, most estate agency firms do not have a sufficiently large volume of transactions to qualify for card payment collection facility provided by their bank, nor do they have the IT capability to set such a facility up. We have been able to use our IT expertise, combined with the potentially large volume of such transactions generated by our users, to negotiate a secure and simple facility that can be accessed by all firms which need to collect payments from customers.
“Feedback from our launch into the mortgage adviser and IFA sectors has shown us that both estate agents and lettings agents urgently need an effective facility to collect the large sums involved in tenant deposits and advance rental payments, as the volume of lettings increases due to lack of available mortgages. In addition, prospective tenants are now often in a race to secure the same rental property and are wanting a card payment facility that enables them to pay with cleared funds to secure their tenancy.
“We are delighted to now offer the Home Buyer Merchant Services solution to the very buoyant lettings sector, as it makes the process of collecting the substantial initial sums from tenants quick and easy, and frees up time for lettings agents to concentrate on their core business activities.
Further information is available from www.homebuyersystems.com
