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Credas Launches Payment Tool to Help Property Sector Offset Rising Compliance Costs
As compliance demands intensify across the UK property market, property compliance payments are becoming a growing concern for agents, brokers, and legal professionals. To tackle this challenge, Credas has launched a new payment tool aimed at reducing administrative burden and improving cost-efficiency for the real estate sector.
Traditional billing methods often require firms to issue separate invoices, chase payments, and manually reconcile transactions. Credas Payments eliminates this convoluted process by integrating payment directly into the identity verification process. Clients pay at the same time they complete their AML check, resulting in a single, seamless experience.
With no setup required, estate agents can enable Credas Payments instantly, with flexible fee selection, and send out verification invites as normal. Credas then handles the rest: processing the payment, ensuring tax and VAT compliance, managing refunds and support, and issuing a clear monthly rebate to the firm.
Tim Barnett, CEO at Credas, commented: “For too long, compliance has been seen purely as a cost centre. With Credas Payments, we’re helping firms turn the tide – recovering costs without disrupting the client experience. By integrating payments directly into the verification process, we’re giving businesses a way to protect margins, maintain control, and ease the burden of compliance, all without extra admin or risk.”
The Payments launch comes as compliance costs continue to climb across the property sector, driven by increased regulation, growing due diligence requirements, and rising operational overheads. Staying compliant requires significant time, resources, and financial investment – with average costs for mid-sized firms exceeding £70,000 a year. As a result, there’s growing demand for smarter, more streamlined ways to manage compliance without adding friction to the client experience.
Credas Payments supports major card providers, alongside Apple and Google Pay. Find out more here: www.credas.com/payments/
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