![]() This cookie is set by GDPR Cookie Consent plugin. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. 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. Sometimes medical bills, car repairs, or other unexpected expenses can’t be avoided. Renters who have a consistent payment history through PayRent have access to up to $500 in interest-free emergency funds to pay rent. 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. 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 independent landlords don’t have the means to accept credit card payments, those using an online rent collection can. Rent reminders and automatic payments give tenants the tools they need to make their payments on time, every time. Fewer Late Feesīecause 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. Better yet, renters can schedule payments to process on the date of their choosing automatically. Instead of writing and mailing a check, they can submit their rent payment on their phone while they enjoy their morning coffee. There is no frustration at the bank or property office being closed. Tenants can pay their rent when it is convenient for them to do so. Landlords who allow their renters to pay rent online show respect for the renter’s schedule and time. 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. When Renters pay rent online, their payments are much more secure than paying by check or cash. These accessible digital records ensure that landlords and renters are on the same page. Online rent payment platforms allow them to see exactly how much they owe at any given time and even show upcoming charges and payments. Renters no longer have to wonder about the status of their accounts. 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. Rent is most often the largest monthly expense that tenants pay. ![]() Tenants also see several benefits when they’re allowed to pay rent online. While landlords do benefit from collecting rent online, the benefits don’t stop there. Additional Benefits of Paying Rent Online ![]()
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