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    5 Reasons the Future of Rent Payment is Digital

    Here are just a few reasons why we’re confident that the future of rent payment is digital.

    By: Nick Massie / 2017 / PayYourRent.com
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    At PayYourRent, we recognize that the digital revolution is sending ripples through every industry in every country around the world. It changes the way we talk to each other, shop the things we want, and pay for the things we need – including monthly rent payments.

    The worldwide mobile payment revenue in 2015 was 450 billion U.S. dollars and is expected to surpass 1 trillion U.S. dollars in 2019.

    Here are just a few reasons why we’re confident that the future of rent payment is digital:

    ➀ Ultra-Convenient Rent Payment Options

    Because the modern American handles most everything they do online, we believe that rent payments should follow suit. Our platform allows residents to process their payments online from anywhere in the world. From the convenience of their home computers and mobile devices, they can opt for a one-time payment or can select automatically recurring monthly transfers, by ACH or any major credit card. We’re even developing cash payment methods – so stay tuned for more.

    ➁ Lightning-fast Rent Collection & Delivery

    Manually collecting rent payments, pounding on doors for personal checks, or waiting for bank transfers to arrive without any guarantee they were sent in the first place – those days are over. At PayYourRent, our property managers and landlords are given a merchant account and all resident payments are sent directly into the property’s bank account, which allows for a zero-day hold on all transactions, meaning that most payments have same-day delivery.

    ➂ Night and Day Rent Payment Notifications

    Never again will missing rent payments cause you to lose sleep at night. We offer a simple, customizable, email notification system that will send an alert when payments are submitted and when they are deposited.

    ➃ Excellent Rent Payment Integration

    One of the biggest advantages of working in the digital space, is the ability to maintain impeccable records – something that is particularly important when it comes to accounting and tax preparation. That’s why we make sure that every bank deposit batch can be easily reconciled and we can even integrate our rent payment solution with your pre-existing accounting software.

    ➄ You’ll Have a Competitive Advantage

    No matter what your local housing market looks like, every business landscape is wrought with challenges and competition. So, how do you get an edge? By delivering added value – going that extra mile to make sure that your customers know that they are understood and cared for. When it comes to rent payments that means recognizing the need for quick, secure, digital transactions that fit seamlessness into their online bill pay routines and device-driven lifestyles. Not to mention that the desktop and mobile solutions available from PayYourRent are a great way to attract new residents and retain your current renters over the long term.

    Interested in a simple, secure solution for online rent payments?

    Please feel free to contact us to see a demo of our product or to have us answer any questions that you might have, we are more than happy to help.