Level Up Your Laundry Room: A Guide to Modern Payment Systems

As a property owner, landlord, real estate investor, or multi-family housing developer, your laundry room may not be the first place you think of as a place for innovation, but it should be! By offering flexible payment options, you’re not just making the process more convenient, you’re setting your property up for success.

Laundry rooms don’t have to be a hassle—for you or your tenants. At Coin-O-Matic, we love helping multi-family housing properties upgrade laundry rooms to reflect the needs of today’s tenants with flexible laundry payment options. In a world where convenience is king, we’re here to help you create a seamless laundry experience that can be a game-changer, increasing tenant satisfaction and boosting your revenue. Stop in and visit our Alsip, IL, showroom, or call one of our experienced team members at 708-590-4925 to get more information!

Why Flexible Vended Laundry Payments Matter

Convenience for Residents

In today’s digital-first world, convenience is key. Tenants expect to be able to pay for laundry services in a way that suits their lifestyle, whether that’s with a mobile payment app, credit/debit cards, or even contactless payment methods. By offering flexible payment systems, you not only meet these expectations but also attract and retain tech-savvy tenants who appreciate the convenience of paying through their smartphones or cards.

Increased Usage

Flexible payment options open the door to more revenue opportunities. Mobile payments, for example, tend to generate higher revenue compared to traditional coin-operated systems. This is because tenants no longer need to worry about carrying coins or making change. By offering multiple ways to pay, you can also increase the likelihood that tenants will pay on time, reducing late payments and maximizing usage of your laundry equipment.

Offer More

A flexible payment system allows you to introduce tiered pricing for different load sizes or offer promotional discounts. For example, you can give tenants the option to pay for a “premium” service that ensures faster turnaround times or allows them to reserve machines ahead of time.

Options for Laundry Payment Systems

With advancing technology, the possibilities for flexible laundry payment systems continue to expand! You’ve likely heard some or all of these phrases thrown around when talking about moving beyond coin-operated laundry machines:

• Smart Phone App Laundry Payment Systems
• Credit Card Laundry Payment Systems
• Smart Card Laundry Payment Systems
• Mobile App Payment Systems
• Cashless Payment Systems
• Prepaid Card Payment Systems
• Contactless Laundry Payment Systems
• Digital Payment Laundry Systems
• Mobile Wallet Laundry Solutions
• Tap-to-Pay Laundry Systems

With so many terms floating around, it can be overwhelming to understand what each option truly means and how it can benefit your laundry room. To make things easier, let’s break these options down into a few main categories. Each one offers unique advantages, but they all share a common goal: making laundry payments more convenient for your customers and more profitable for you.

Learn more about the primary types of flexible laundry payment systems and contact our team of specialists to learn more about which systems may be right for you!

Smart Phone App Laundry Payment Systems: With a smartphone app laundry payment system, residents can pay for their laundry quickly and conveniently using just a few taps on their mobile devices.

Credit Card Laundry Payment Systems: These vended laundry payment systems enable residents to pay for laundry effortlessly with their credit or debit cards, eliminating the need for cash or coins.

Smart Card Laundry Payment Systems: Offering a secure, cashless solution, smart card systems let residents use prepaid cards to operate machines. Adding funds is easy and flexible, with options to recharge via an on-site kiosk or an online portal.

Improve Your Property’s Laundry Room with Coin-O-Matic

Choosing the right laundry payment system can be a headache. With so many options out there, it's tough to know where to start.

At Coin-O-Matic, we simplify the process. We'll work with you to find the perfect solution for your property and your residents. Whether it's a mobile app or a smart card system, we've got you covered.

Contact us today and let's get your laundry room up-to-date!