The system works on the basis that every payment can be clearly assigned to a given flat and owner. With a traditional transfer this depends on filling in the reference correctly, whereas with app payment the system automatically assigns the payment to the right unit.
In practice this significantly reduces the administrative burden of clarifying whose money this is in the bookkeeping.
Security matters too: a reliable system uses bank-grade encryption and identification, and the owner receives immediate digital confirmation of the payment that can be retrieved at any time.
One practical advantage rarely mentioned: app payment also allows setting up automatic recurring payments, which reduces the chance of arrears building up.
Importantly, introducing such a system does not remove the option of traditional transfers: the two work in parallel.
A practical tip for those switching now: in the first month or two check that the payment actually appears in your balance within the expected time.
Through Merbo's eHáz system owners can settle common costs directly with instant confirmation and review their full payment history at any time.