The Safe and Simple Way To Collect Rent
We help property owners and managers collect rent online safely, reliably and automatically.
PARTNERS WITH
FOR LANDLORDS
Collect Rent Effortlessly
Save time and money by simply and securely collecting rent online
You already have enough on your plate. Maintenance, repairs, regulations, inspections, an endless list of chores that take over your day. We’ll help you take rent collection off your to-do list with just a few clicks.
Onboarding Assistance
Use our free on-boarding assistance to add your properties and get your renters enrolled quickly and easily.
Manual Transactions
Add one-time charges or apply payments and credits to tenant accounts to track all your transactions in one place.
Payment Controls
Allow full or partial rent payments and whether to absorb or pass-through transaction fees.
Reporting and Tracking
Instant email notification when rent is paid as well as full accounting and tracking of rent payments.
Rental Reminders
Automated rent reminders help keep you in touch with renters and avoid last-minute confusion and stress.
Pay With Cash or Credit
Give tenants a choice of either e-check or credit card payment methods to ensure rent is paid without interruption.
Best Ways to Collect Rent
Hint: PayRent is one of them 🙂
| Features | PayRent | Zelle | Venmo | ACH Transfer | Cash/Check |
|---|---|---|---|---|---|
| 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
FOR RENTERS
Pay Rent Online Easily
Getting rent delivered to your landlord on time doesn’t have to stress you out every month. Forget about finding a checkbook, stamps, a mailbox or nearby bank branch. Use PayRent to set up rent payment online and get back to living life on your terms.
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. Otherwise, go back to the email you received and click on the get started link. Or chat with us if you need assistance.
Tell Your Landlord
Even more awesome! We’d love it if you told your landlord about us. You provide their email address here and we’ll reach out and let them know you’re interested in using us to pay rent. Everybody wins! (Except the people who print checks.)
Pricing
Free Forever
No Monthly Fees0.25% per bank transfer ($5.00 maximum)
OR
3.5% + $0.30 for credit cards
- Unlimited Properties
- Automated Payment Reminders
- Absorb or Pass-through Transaction Fees
- 3-Day Funding
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 downside is usually 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.
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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 Pay rent and others keep all of your data private and secure. Renters can pay rent on the service without knowing a landlord’s personal information like owner name, email 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.
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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.
