Payment Processing
Managing rent payments can be a headache, but payment processing tools can ease the pain. These powerful solutions offer a range of benefits, including simplified rent collection, reduced administrative costs, and improved resident satisfaction. Payment processing tools help property managers efficiently track payments and automate financial reporting. Plus, with features like automatic late fees and payment reminders, these tools can help ensure on-time payments and minimize delinquencies.
ClickPay is a property management software agnostic solution offering a true paperless payments office to enable safe, compliant, remote payments, creating operational efficiencies. ClickPay integrates with over 35 systems or can be sold as a standalone solution, enabling rent collection through the channels most convenient to you & your residents. ClickPay is supported by centralized reporting, self-service marketing to drive adoption, and a resident call center to further return on investment.
The simplest API for fast, reliable payments. One solution to access RTP, FedNow, Same Day ACH, ACH, Wires — and now instant bank account verification. We automate and optimize money movement – and instantly verify accounts – to grow your business.
Domuso revolutionizes the resident experience by driving resident happiness and enabling a shift towards fully digital payments with our cutting-edge digital solutions. We offer a point-based rewards program for residents while also simplifying the payment process to enhance the profitability and efficiency of PMCs. Our dashboard offers a centralized portfolio-wide view of your on-site operations, providing greater visibility into key aspects of overall financial performance.
RealPage open-platform payment solutions were designed to be flexible enough to fully integrate with most major property management software platforms, including Yardi, MRI and RealPag OneSite Leasing. RealPage payments makes paying rent, application fees, and deposits fast, simple and secure. Eliminate in-office handling and processing of paper payments while allowing your residents to pay rent the way they prefer—by check and money order or online with ACH or credit and debit cards.
Zego is a property management automation company that simplifies cumbersome yet critical workflows for managers and associations. Our modern platform accelerates NOI growth and mitigates risk, helping clients to scale resources, build trust, and make data-backed decisions. From payments and utility management to resident engagement, Zego’s automated workflows seamlessly integrate with leading property management systems giving users real-time and accurate information at their fingertips.
AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle-market businesses and suppliers. AvidXchange’s Software-as-a-Service (“SaaS”) based, end-to-end software and payment platform digitizes and automates the AP workflows for 8,800 buyers, making payments to 965,000 supplier customers of our buyers over the past five years. Contact us to learn more about how AvidXchange, is transforming how companies pay their bills. www.AvidXchange.com
RentPayment streamlines the payment process by letting residents pay their way, so you can collect rent on time and reduce the burden of rent week. You also have access to highly detailed reporting to analyze your business, marketing tools to increase adoption, and so much more.
Zego Pay automates rent payment and homeowner dues collection, saving property staff time and accelerating cash flow. Our software helps you go 100% digital with payments, regardless of how residents choose to pay, by seamlessly integrating receivables into accounting software and automating the reconciliation process. Learn more at https://www.gozego.com/platform/zego-pay/.
Entrata ResidentPay™ is a complete payment solution for credit cards, electronic check/ACH, cash, money order, and check scanning. Get paid online and on time. Your residents can make one-time or recurring payments 24/7. Receive check, credit card, and even cash payments. Plus, we make it painless for your residents to pay online. Payments post to the ledger instantly, funds settle within 72 hours, and everything is compliant with PCI data security standards.
Connect and verify accounts for payment operations in a snap with Plaid Payments. Plaid Auth instantly authenticates bank accounts for application fees, deposit fees, and rent payments so you can set up ACH payments from any bank and credit union in the US. And Plaid Balance instantly checks whether residents have enough funds for recurring rent payments, protecting against overdraft and NSF fees.
Speed up rent collection, eliminate bank runs and streamline vendor payments with Yardi Payment Processing. Add convenience for your residents and staff with a complete solution for accounts receivable and accounts payable for residential property management. Help renters check balances on the go, submit payments and receive instant confirmations anytime via text message with RentCafe TextPay.
Frequently asked questions
What are the key features of the best Payment Processing solutions?
When comparing payment processing solutions for multifamily, property managers should consider the flexibility, security, and ease of use of each option. The best solutions should offer multiple payment methods, including ACH and credit card processing, to accommodate residents' preferences. They should also have robust security features to protect sensitive financial information and comply with industry regulations. Additionally, property managers should look for solutions that integrate seamlessly with their property management software and provide comprehensive reporting and analytics for better financial management.
What should I consider when comparing Payment Processing solutions?
Payment processing solutions offer a range of features to make the process easy and efficient. Look for solutions that offer online and mobile payment options, as well as recurring payment options to save time for both property managers and residents. Other key features to consider include integration with property management software, secure and PCI-compliant transactions, and customizable reporting and analytics to track revenue and performance. The ideal payment processing solution should also offer responsive customer support to quickly resolve any issues that may arise.
How does Payment Processing make renting apartments easier and more rewarding?
Payment processing solutions are an essential tool for multifamily property managers to simplify their financial operations and improve the resident experience. By offering multiple payment options, including online payments, autopay, and mobile payments, these solutions make it easy for residents to pay rent and fees on time, reducing late payments and delinquencies. By providing residents with a convenient and secure way to make payments, property managers can improve resident satisfaction and retention rates.