Residents enjoy the convenience of paying rent online with all major credit cards, while helping you simplify your rent collection process. By billing residents a “convenience fee” each time an online payment is made, ResidentPay™ can completely eliminate your credit card transaction expenses.
Float Time ResidentPay™ works with several payment processing engines to ensure the quickest float period possible for transaction processing. When payments are made in ResidentPay™ by credit card, payment reaches your bank settlement account within 24 - 48 hours.
Transaction processing times quoted are for regular business days.
Flexible Settlement ResidentPay™ gives you the flexibility to determine where to direct funds from credit card transactions. You may designate one or multiple accounts for funds settlement based on transaction type. For example, rent payments received through ResidentPay™ may be directed to an operating account, while deposits paid online are directed to a separate deposit account.