Top 10 Reasons Renters Utilize RentPayment for Online Rent Payment

1. CONVENIENCE! RentPayment’s flexible payment options allow renters to pay any time from anywhere using almost any device.

2. Save time.  EPayments can be made in less than 20 seconds.

3. Pay on the go. RentPayment’s remote payment options include: online, by phone, by text, or with our new iPhone application.

4. AutoPay. Enrolling in AutoPay ensures rent is paid on-time, every time, with no oversight.

5. Secure and reliable. Online payments are PCI Compliant and secure. There is no need to worry about checks getting lost in the mail; residents receive instant payment confirmations and email notifications that they have paid.

6. Service. Customer Care Representatives are available 7 days a week.

7. Incentives. Recurring renter promotions and rebates are available, offering exciting prizes for switching to electronic payments.

8. Rewards. Renters can earn rewards from their credit card company. If they need to keep their cash they can pay their rent on a credit card.

9. Payment reminders. Renters can receive monthly reminders from RentPayment, ensuring no late fees are accrued.

10. Go green. Reducing paper consumption tremendously reduces waste and is great for the environment.

Top 3 Reasons I Pay My Rent Electronically
BY LAUREN BOSTON

I’m 24 years old, and I learned how to write my first check last year.

This makes me sound like the spoiled daughter of a rich entrepreneur, but I’m actually the self-sufficient offspring of a high school teacher. I just pay for everything online—rent included.

We all know the operational benefits of electronic rent payments, but what’s in it for the renters? There will always be elderly, cautious or technologically challenged residents who insist on paying their rent in person, but for the majority of today’s residents, the more that can be done on the computer, the better.

Following are three reasons I pay my rent online:

1. I’m Losing My Mind. I have difficulty remembering to pack my lunch every day, so do you really think I can remember to pay my rent? Electronic payments are the best way for absent-minded renters to pay their bills on time, with most programs offering an automated withdrawal option. My bank account is linked to my resident portal, and money is transferred on the first of the month—an incredibly helpful option for someone who has racked up way too many late fees at the library. Now I can sit back, relax and rest assured my rent is paid on time. I just wish I could find my keys…

2. I’m Anti-Social After Work. The leasing office at my apartment community is nicely decorated and the employees are friendly, but it’s still not on my Top 10 list of favorite places. When I get home after work, I want to hibernate in my apartment until it’s time for bed, not trudge down to the leasing office to pay my rent and socialize with a pack of prospective residents. Not to be Mrs. Scrooge here, but I’ve just spent half an hour fighting for a seat on the bus home and I need some peace and quiet. If I can pay my rent from the comfort of my couch, sign me up. Bah, humbug!

3. I Live in a Fantasy World. If you paid top dollar for a Liberal Arts degree like yours truly, chances are you have a pretty meager salary, a good chunk of which is allocated to rent. I know having a roof over my head is one of those necessary expenses—just like the four bottles of nail polish I purchased this week—but it’s a big investment that I don’t want to think about any more than I have to. And because I’d prefer to live in a fantasy world, I want my rent to tip-toe out of my bank account automatically, without so much as a whisper. Writing out and delivering a check somehow seems much more real and depressing. Yes, I understand it’s still the same amount of money, but automated payments feel less painful. I was aware of the monetary sacrifice I’d have to make when I signed the lease; I don’t want to be reminded of it every month. Hey, ignorance is bliss.

Lauren Boston is NAA’s Staff Writer. For more of her blogs, check out www.naahq.org/blog. She can be reached at lauren@naahq.org or call (703) 797-0678.

To many, the thought of paying your rent or bills online may include hesitation and concerns about security. Since the Internet has become so pervasive and fast, it can be hard to know which online services to trust with your money.

However, RentPayment makes the transition to ePayments easy and comfortable.  With the quality services RentPayment offers, you can relax knowing your money is always transferred securely and on time.

Some may think paper checks and billing are still the safest way to go.  However, there are huge risks associated with paper payments compared to online payment. According to American Banker Magazine, more than 1.2 million fraudulent checks are written each day. That equals more than 13 per second! By utilizing e-Payments, the chance of lost, misplaced or stolen checks is no longer a concern.

The truth is, problems with electronic payments are extremely rare.  Due to accelerated processing times and instant return notification to the payee, the electronic check conversion process has proven effective in fewer returns, earlier fraud detection, and fewer errors.

Paying your rent and bills online can actually be safer than taking them to a bank or writing checks. According to NACHA (The Electronic Payments Association), almost 85 percent of identity theft occurs with offline transactions. In addition, RentPayment’s ePayment platform has received the highest level of security the federal government can award to a business processing ePayments, including PCI compliance and SAS 70 certifications.  Personal data remains safe and secure on a private network that is only accessible by RentPayment security-screened employees.  Furthermore, payer information is never released to third parties or banks.

With RentPayment, safety is guaranteed and convenience is promised. With our services, you’ll never forget to pay your bills again thanks to the email and text alert applications that remind you when money is due and/or withdrawn.  To add to the list of conveniences, our electronic payments typically clear your account in about two business days, whereas paper payments can take weeks. Recurring direct debit payments can also be set up using AutoPay, eliminating late fees and penalties.  In addition, keeping record of your payments and direct deposit details has never been easier thanks to our payments archive, which keeps track of your payments in an online database that you can easily access from anywhere.  Now you don’t have to worry about endless amounts of paper and books to keep track of.

It’s time for a more convenient and lower risk solution – ask your property management company today if you can pay your rent using RentPayment!