Why RentPay Is a Better Choice for Landlords Than Zelle or Venmo
How is RentPay by Rent Perfect different from payment apps like Zelle or Venmo? Aren’t those good enough for collecting rent?
While Venmo and Zelle are convenient for sending and receiving money, they lack the features designed specifically for rent collection. RentPay by Rent Perfect gives landlords greater control by setting the total payment amount, due date, and any applicable late fees. The system automates rent collection with payment reminders, late payment alerts, and automatic late fee charges. Additionally, RentPay helps tenants build their credit by reporting on-time payments, which can improve their credit scores. Landlords also benefit from a centralized portal to track upcoming payments, view transaction history, and monitor payment statuses—all without chasing down rent checks or manually tracking payments.
Pricing details are listed below. Even landlords with just one or two properties find RentPay’s minimal cost well worth the added convenience!
RentPay Pricing:
- Landlords: Just $10 per month per deposit account—covers unlimited properties and tenants.
- Tenants: $3.95 per ACH payment.
RentPay Sign-Up Process:
- Log in to your Rent Perfect account and scroll down to Rental Resources.
- Click "Apply for RentPay" to start the application with the payment processor.
- Have a voided check and three recent bank statements ready for upload.
- Once approved, manage all payments conveniently through your My RentPay portal.
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