Newton Property Management partners with GoCardless

By Gloria Methri

Newton Property Management has expanded its partnership with GoCardless, adding its Instant Bank Pay service to the Direct Debit functionality it already uses.

Through GoCardless’ combination of Direct Debit and open banking payments, Newton can now collect both recurring and one-off payments within the same platform. This will help to reduce manual admin, save time and cut costs by avoiding the high fees associated with cards.

Customers will benefit from a more seamless experience, with a single self-service portal to make regular and ad hoc payments for property management. They will also gain greater control over their finances through a new functionality to choose their Direct Debit payment dates.

Vincent Goldie, CEO at Newton Property Management, said, “Adding Instant Bank Pay to our services was a natural next step. We already saw the benefits of using Direct Debit, with automatic payment collection allowing us to divert the hours we used to spend on payment admin to focus on our core business. By launching Instant Bank Pay, we now have the convenience of managing one-off and recurring payments in one platform, not to mention the savings we’ll realise by swapping cards for bank payments.”

Pat Phelan, Managing Director of UK & Ireland and Chief Customer Officer at GoCardless, said, “Bank payments are perfectly suited to property management. The pull-based nature of Direct Debit means that rent, service charges and other bills are automatically collected from a customer’s bank account on the day they’re due. By adding Instant Bank Pay, companies like Newton can also take one-off payments with the same speedy payment confirmation of cards, without the high price. We’re excited to broaden our relationship with Newton, and we look forward to helping them use payments as a key driver for differentiation.”

Newton uses GoCardless through CPL Software, the platform for property and block managers.