Automatic Rent Payment Is Convenient
When looking for an online rent payment program, it should allow you to schedule automatic rent payments for the term of your lease agreement. A convenient rent payment solution allows you to pay by electronic check from your bank account (e-check), or by credit card. There should be a secure online payment form that allows you to make payments from any computer with internet access. This gives you flexibility especially when you travel.
Another important feature for an automatic rent payment program is that you receive a receipt for your payments. You should receive an e-mailed receipt whenever a scheduled rent payment takes place. Your rent payments will also be recorded on your monthly bank statement or credit card statement depending on how you pay.
Can I pay my rent through a rent payment program if my landlord is not signed up? The answer to this is, “No.” The reason is because funds have to be delivered through a payment processor that your landlord has chosen. You need to talk to your landlord about whether they have automatic rent payment set up, then find out how to use it. As a convenience, your landlord may have a payment authorization form ready for you to sign with your lease agreement.
Are there convenience fees for using automatic rent payment? Some landlords don’t charge any extra fees and others do. We have seen fees as high as 3% of your payment for using a credit card and $2.20 for payment by e-check. Talk to your landlord and find out if there are any convenience fees in their automatic rent payment program.
If your landlord is not set up for automatic rent payment, we invite you to have them talk with us. We provide all the services mentioned above. Fees are determined by your landlord. Some don’t charge anything for using the program, others may charge up to 40ยข for e-checks (less than the cost of a postage stamp) or up to 2.5% of payment for credit cards.