Paying Rent Online Has Its Rewards (2023)

Pay Rent Online and Earn

Paying Rent Online Has Its Rewards (1)

RentCredtm is a rewards program that rewards renters for consistently paying rent on time. Here’s what’s in it for you:

  • A Credit Boost- Start getting credit for one of your biggest expenses! After you’ve made three on-time payments on our platform, you’ll have the option to report your rent payments to the credit bureaus at no cost.
  • Access to Emergency cash- You’ll have access to RentCred loans, a no-interest, emergency option to help you pay your rent in case the unexpected happens.
  • Late payment forgiveness– If you have a solid history of on time rent payments, we’ll work with your landlord to forgive a late payment fee.
INVITE YOUR LANDLORD TO PAYRENT
Paying Rent Online Has Its Rewards (2)
Paying Rent Online Has Its Rewards (3)

More Ways To Pay

Forget writing a check, getting cash, buying a money order, or running your payment to the office before closing. With PayRent, you can pay your rent online with any connected device.

  • Pay Rent with your bank account- Forget paper checks. Securly connect your bank account and send your payment directly to your landlord with an ACH transfer.
  • Pay Rent with a credit card– Trying to rack up those rewards points or tide over a cash flow shortage? Paying your with a credit card is fast and secure. PayRent accepts Visa, MasterCard, American Express, and Discover credit cards.

INVITE YOUR LANDLORD TO PAYRENT

Put Away That Checkbook For Good

Paying Rent Online Saves Time, Money, and Trees

Paying Rent Online Has Its Rewards (4)

How To Pay My Rent Online

Tap, Tap, Paid

Splitting the restaurant bill, catching an Uber, or ordering those coveted Air Jordans online can all be done with a couple of taps on your smartphone. Paying rent online should be just as easy. We’ll help you make paying rent a no-brainer just like your subscription to the jelly-of-the-month club. Check with your landlord about joining.

Paying Rent Online Has Its Rewards (5)

Accept your invitation

Your landlord will send you an invitation by email or text to sign up and set up your rent payments. Click on the link in that email, enter your name and email address and you’re in!

Paying Rent Online Has Its Rewards (6)

Add your payment methods

Choose to add your bank information, credit card number, or both. After choosing your payment scheduling options, you’re all set to pay rent automatically. No more checks, stamps, or last-minute dashes to your landlord’s office.

INVITED RENTER SIGN UP

or invite your landlord to join

Additional Benefits of Paying Rent Online

While landlords do benefit from collecting rent online, the benefits don’t stop there. Tenants also see several benefits when they’re allowed to pay rent online.

Rent Reporting to Credit Bureaus

Rent is most often the largest monthly expense that tenants pay. Renters get rewarded for paying their credit card and car payments, so why shouldn’t they be rewarded for paying their rent on time? Through PayRent, tenants can enjoy a boost to their credit score just for paying their rent.

Account Balance Tracking

Renters no longer have to wonder about the status of their accounts. Online rent payment platforms allow them to see exactly how much they owe at any given time and even show upcoming charges and payments. These accessible digital records ensure that landlords and renters are on the same page.

Secure Rent Payments

When Renters pay rent online, their payments are much more secure than paying by check or cash. Cash and Money orders are easily lost, and banking information displayed on the bottom of paper checks leaves the renter more likely to become a target for fraud.

Convenience

Landlords who allow their renters to pay rent online show respect for the renter’s schedule and time. Tenants can pay their rent when it is convenient for them to do so. There is no frustration at the bank or property office being closed. Instead of writing and mailing a check, they can submit their rent payment on their phone while they enjoy their morning coffee. Better yet, renters can schedule payments to process on the date of their choosing automatically.

Fewer Late Fees

Because online rent payments allow renters to pay rent on their schedule, they’re less likely to be charged a late fee due to a circumstance beyond their control. Rent reminders and automatic payments give tenants the tools they need to make their payments on time, every time.

Payment Flexibility

While most independent landlords don’t have the means toaccept credit card payments, those using an online rent collection can. If renters are worried about their cash flow for a month or two, they can pay rent with a credit card instead of leaving their landlord hanging or taking out an expensive payday loan. While most rent payment platforms charge a fee for credit card payments, the cost is lower than a late fee or a bounced check fee in most situations.

Emergency Loans

Renters who have a consistent payment history through PayRent have access to up to $500 in interest-free emergency funds to pay rent. Sometimes medical bills, car repairs, or other unexpected expenses can’t be avoided. These loans allow renters to fulfill their obligation to their landlord without being subject to expensive late fees, credit card processing fees, or predatory loans.

Frequently Asked Questions

You might still have a few questions. If we haven’t answered them below, click here tochat with us.
We’re here to help!

Does my landlord see my bank or credit card information?

No one can see your bank or credit card information. Once you add it to your payment methods, the information is encrypted and stored in a secure electronic vault at the bank. It is inaccessible by your landlord or anyone at PayRent.

Can I pay my rent with a credit card?

Yes! We take Visa, Mastercard, Discover, and American Express as valid forms of payment. To use a credit card, add one (or more) to your payment methods in your account. Landlords have the ability to turn off credit card acceptance from within their dashboard.

Can I use PayRent to pay my rent online if my landlord hasn’t signed up?

PayRent is designed to help connect landlords and renters securely through our platform. Unfortunately, if your landlord isn’t enrolled we cannot send them your rent payment. We’d appreciate a referral from you though.Click here to invite them.

How much does it cost to pay my rent online?

This is determined by your landlord’s settings. They can choose to pay the ACH fees, split them, or pass them along to their tenants. Your renter invitation email will detail what fees if any, you can expect to pay. Talk with your landlord orcontact usto see who is paying the fees on your property.

Can I use more than one payment method for a single rent payment?

This depends on the settings your landlord has for the property. If your landlord is willing to accept partial payments, you can use as many payment sources as necessary to pay your rent. You can store multiple credit cards and bank accounts to give yourself some options when it comes time to pay rent.

Do you keep track of when my payments are received by my landlord?

Yes. We keep a record of each stage a payment goes through from scheduled to complete. You can view the payment status from your renter dashboard. If you require payment history, feel free tocontact us.

Do you have a mobile app?

We do not have a mobile app at this time. However,PayRent.comis a mobile responsive website that is easy to use on any smartphone or tablet. You can pay your rent from anywhere.

Does PayRent provide a receipt for my rent payment?

PayRent keeps a history of all your payments in your renter dashboard. When a payment is completed you will receive a confirmation email that can serve as a receipt of payment. Your landlord will also be notified each time you submit a rent payment.

Can Ipay my rent with Zelleor Venmo?

We wouldn’t recommend it. If you accidentally send money to the wrong person, there is no guarantee that you’ll ever see that money again. PayRent keeps your information safe and secure.

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