Collect Rent On-Time Every Time
Make collecting rent more predictable and paying rent more rewarding.
FOR LANDLORDS
Rent Collection Protection
Pay rent online and protect your business from late and lost rent.
Collecting rent on-time is virtually guaranteed with RentDefense™, an exclusive set of payment controls and protections that help you collect rent with less hassle and stress.
RentDefense
An exclusive set of payment controls that ensures on-time rent payments and virtually eliminates NSF returns.
RentDefense features:
- Bank Balance Verification
- Require backup payment method with automatic failover
- Require scheduled payment
See All Rent Payment App Features
RentCred
A renter rewards program that loans emergency cash for rent and reports rent payment history to credit bureaus when you pay rent on time.
RentCred Features:
- No interest short term loans for rent
- 3-Bureau Credit Reporting
- Late payment forgiveness
Available July 2021
FOR RENTERS
Pay Rent Online And
Get The Credit You Deserve
Getting rent delivered to your landlord on time doesn’t have to stress you out every month. In fact, it can actually be rewarding. When you use PayRent to pay rent online you can earn RentCred™ which gives you access to emergency cash for rent when you need it most and boosts your credit score when you pay on time.
Received an Invite?
Awesome! Welcome to the easiest way to pay rent online. If you’re wondering what this is all about, you can learn more here. If you’re ready to sign-up, let’s go!. Or chat with us if you need assistance.
Tell Your Landlord
We’d love it if you told your landlord about us. Provide their email address here and we’ll reach out and let them know you’re interested in using us to pay rent online.
Best Ways to Pay Rent Online
Hint: PayRent is one of them 🙂
| Features | PayRent | Zelle | Venmo | ACH Transfer |
|---|---|---|---|---|
| Make a rent payment | ✓ | ✓ | ✓ | ✓ |
| No landlord transactions fees | ✓ | ✓ | ||
| Instant payment confirmation | ✓ | ✓ | ✓ | |
| Schedule a future one-time/recurring payment | ✓ | ✓ | ||
| Verify available funds | ✓ | ✓ | ✓ | |
| No personal information exchange | ✓ | ✓ | ||
| No daily transaction limit | ✓ | |||
| Automatic rent reminders | ✓ | |||
| Prevent partial payments | ✓ | |||
| Prevent any payments | ✓ | |||
| Accept Visa, Mastercard, and American Express | ✓ |
- Cash
While cold, hard cash is often a preferred payment method, it does come with some downfalls. Cash is easily lost or stolen, hard to track, and very inconvenient. To accept cash, you’ll need to meet up with your tenants, collect the rent, and issue a receipt.
- Peer-to-peer Apps
Apps like Venmo, PayPal, and CashApp are a fantastic way for friends and family to split the bill or go in on a gift, but it’s not a great business option. Landlords accepting rent payments from tenants are subject to additional business fees, and there is no option to pass those fees on to your tenants. Landlords are also left susceptible to partial payments.
- Checks
One of the most popular ways to pay rent, checks are a relic of the past. Your tenant will first need to obtain checks as most bank accounts no longer include them, and there is little other need in today’s world for them. They’ll then need to write the check details and deliver it to you, either by mail, dropbox, or a face to face exchange. Now the ball is in your court. You’ll be responsible for endorsing and depositing the check into your account. All of this is undoubtedly costly when it comes to your precious time.
- Zelle
Zelle is a bank-to-bank payment system is that is fast and free- though there are limitations. Not everyone banks at an institution that uses Zelle, and those who do may not have a transfer limit high enough to cover the cost of a rent payment, meaning that landlords are left to accept partial payments. You will need to share personal information with your tenants to receive money, and if your tenant accidentally sends funds to the wrong person, there is no option for recovery.
- Online Rent Collection
Of course, we are a bit biased here, but we think we’re on to something. PayRent offers convenience, safety, and security for landlords looking to collect rent online without the hassle of memberships or flat monthly fees. PayRent settings allow landlords to collect rent for free or to pay the ACH fees for their tenants. Tenants can pay their rent with a credit or debit card or with a bank transfer wherever they may be. Landlords can protect themselves by keeping personal information private and refusing partial payments. Sign up for free and thank us later.
Ready to get started?
Sign-up now or contact us for assistance
What Our Customers Are Saying About Us
As a business owner, it is extremely helpful to have a process that streamlines your business. Payrent.com has created a paperless way for our business to collect and manage all our rental income.
I got tired of driving 30 minutes each way to pick up a rent check, then go back again for another. PayRent saves me time and it helped to make paying more convenient. Totally worth the time to set it up.
The process was seamless. Sign up took only a couple of minutes and I was able to take payments the same day. This takes so much stress out of my life I would never go back to collecting rent on my own.
Collecting Rent Online - FAQs
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What does ACH stand for?
ACH stands for Automated Clearing House (a network for electronic payments). ACH is a tool that helps with direct deposit and automatic bill payments.
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What are the pros and cons of accepting credit cards for rent?
Credit cards give renters another option to make electronic payments. The downsides are the credit card fees, which can range from 2.5- 5.0%, and the risk that a renter could later dispute the charge and the landlord would have to prove the charge is legitimate. Credit card fees on PayRent are the responsibility of the tenant and are not paid by landlords.
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Is my banking information safe when using an online rent collection service?
Most online rent collection platforms comply with banking security standards including the encryption and protection of each user’s financial information. Online rent collection services are as safe as banks when it comes to protecting banking data.
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Can I collect rent online without giving my personal information to my tenant?
Services like PayRent and other online payment platforms keep all of your data private and secure. Renters can pay rent on the service without knowing a landlord’s personal information like name, address, or bank account details.
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Can I collect rent using Zelle?
Zelle is a bank to bank payment service used to directly transfer funds between bank accounts. It can be used to collect rent, usually at no cost. However, many banks do not yet offer Zelle as a feature and often set daily limits on transfers that are less than the typical rent amount. Read more about PayRent v. Zelle.
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Can I use Venmo to collect rent?
Venmo is a peer-to-peer payment service used for sending payments between individuals. According to their guidelines it is not recommended for accepting or paying rent.
