Why Collect Rent With PayRent?

RentDefense™ is a collection of features and controls available only on PayRent. It provides a financial safety net for you by making sure rent gets paid when it’s due and, in the case of non-payment and eviction, protects you from lost rent. Smooth out your cash flow and get greater peace of mind in the face of uncertainty and inconsistency.

PayRent is a rent collection app where privacy and security are our number one priority

Privacy Protection

PayRent's rent collection app is certified secure by trusted site

You have options when it comes to collecting rent online. But most of them don’t offer the security and control you can get through a rent collection app like PayRent. Your banking information is kept private and secure to minimize the risk of fraud. Payments are processed through the world’s largest and safest financial institutions. And you make the rules when it comes to late or partial payments so you don’t have to haggle with tenants. Something you can’t get from peer to peer money transfers services like Zelle™ or Venmo™.

Ironclad Reliability

Managing residential rentals comes with endless demands. It’s important to have a team you can rely on to keep the gears turning and skids greased. Count on PayRent to reliably and securely collect rent on your behalf, kindly but firmly enforce your rent payment policies, and give you tools to minimize your property management workload.

rent payment collection you can rely on

How To
Collect Rent Online Safely and Simply

It’s time to end the hassle and stress that comes with collecting rent payments.

secure sign up and privacy guarantee

1. Sign up for free

Sign up for our rent collection app is quick and easy. You’ll need your federal tax ID (SSN or EIN) and banking information to get started. We’ll verify your identity on the spot to make sure payments can be safely transferred. You’ll be ready to accept rent payments in about 5 minutes.

add rental properties easly

2. Add your properties

Once you’re enrolled, adding rental units is a snap. Each unit can have its own settings for payment due date, partial payment acceptance, and blocking payments. Transaction fees can also be absorbed, passed along to the renter, or split between both parties.

sending an invitation to join by email

3. Invite your renters

Add your tenants to the platform and we’ll send out an email invitation for them to join the service then help them through the process of adding a payment method. We’re standing by via chat and phone to help them get up and running quickly.

Frequently Asked Questions

You’ve got questions. Here are some of the most common ones people ask. If your question is not answered here, chat with us.

Do I need to bank with a specific bank?

No. Like most rent collection apps, PayRent can deposit your rent payments to any bank with branches in the United States, usually within 3 days from when rent payments are made.

Is there a maximum transaction limit?

Yes. Our maximum per transaction is $50,000 USD. However, there is no limit to the number of transactions per month or per property. Splitting rent payments into multiple transactions is acceptable.

Can I create more than one PayRent account?

Yes. You can create as many PayRent accounts as you need. Many Landlords create separate accounts for each property or group of properties. You will need a unique email address for each account.

How do my renters enroll in the service?

Once you are signed up and logged into your dashboard, you have the ability to send an invitation to your renters via email. They can click on the link in that email and sign-up for the service.

What are the options for paying ACH transaction fees?

As a landlord, you have the option to absorb the ACH transaction fees, pass them through to your renter, or split a percentage of the fees between both parties.

Who pays for credit card transaction fees?

Making rent payments using a credit card is considered to be a convenience for a renter and is significantly more expensive than ACH. Renters pay all credit card transaction fees. There is no option for landlords to absorb or split these fees

Can I prevent renters from making payments?

Yes. Each property has an option to prevent payments which can be manually toggled on or off at your convenience.

Will I receive a 1099K?

Internal Revenue Service rules require that we distribute an IRS 1099-K only if you exceed 200 transactions AND process more than $20,000 in rent payments annually through our service.

PayRent is on a mission to build a rent collection app that fosters a positive and productive relationship between renters and landlords. We focus less on transactions and more on the people behind them.

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