Feature highlight: Pay & Go – monetizing access control

Smart MasterKey Pay & Go - to rent physical access

Charging for access is quite common whether it be to rent a tennis court, conference room or short-term property like an apartment. However, payment collection and access granting can be somewhat challenging. In the most common case an administrator on site collects the payment and hands a physical key or just opens the door. 

The Pay & Go feature of Smart MasterKey aims to automate this process to reduce administrative costs, and enable more comfortable and seamless access to renters. Let’s dive into how this innovative solution can transform the way businesses manage and monetize their access systems.

What is Pay & Go?

The Pay & Go feature allows businesses to not only control access but also create a revenue model around it. By offering flexible access options for spaces, equipment, or services, companies can charge rent, create time-bound offers, and even generate direct income through controlled access.

Whether you’re managing a coworking space, rental property, or even shared equipment, Pay & Go simplifies both administration and monetization.

How does Pay & Go work?

  1. Create customizable offers
    Businesses can set up tailored offers for users. For example:
    • Hourly or daily rentals: Ideal for meeting rooms, coworking spaces, or parking lots.
    • Subscription-based access: Perfect for gyms, community centers, or shared offices.
    • One-time access Fees: Great for event spaces or temporary facility use.
  2. Share digital access
    Once an offer is created, businesses can share digital keys directly with their customers. These keys can be time-limited, ensuring security and compliance.
  3. Seamless payment integration
    Pay & Go supports integrated payment options, allowing users to pay for access directly through the platform. This eliminates the need for separate invoicing or payment systems.
  4. Track and manage usage
    The system provides real-time analytics on access usage, enabling businesses to refine their offers and optimize pricing strategies.

Who can benefit from Pay & Go?

Pay & Go is a versatile tool that caters to a wide range of industries and use cases, including:

  • Coworking spaces: Monetize meeting rooms or hot desks with hourly or daily rates.
  • Real estate: Offer short-term rental options for apartments or storage units.
  • Fitness centers: Provide pay-as-you-go access to gym facilities.
  • Event venues: Simplify access for attendees with digital key sharing and one-time payments.
  • Parking facilities: Charge users based on time spent in parking spaces.

Benefits of Pay & Go

  1. Streamlined operations
    Pay & Go eliminates the need for physical keys, manual invoicing, and traditional access methods. The entire process—from booking to payment—is digitized and efficient.
  2. Enhanced revenue potential
    By monetizing access control, businesses unlock new revenue streams. Flexible pricing models ensure that no opportunity is left untapped.
  3. Improved customer experience
    Customers enjoy the convenience of digital access, easy payments, and flexible usage options—all of which contribute to greater satisfaction and loyalty.
  4. Scalability and customization
    As your business grows, Pay & Go adapts. Create new offers, modify existing ones, or expand your services without the need for extensive reconfigurations.

Summary

The Pay & Go feature is more than just a tool—it’s a gateway to smarter, more profitable business operations. By combining the power of digital access control with monetization, Smart MasterKey empowers businesses to take full control of their assets and unlock new revenue potential.