Renters get more ways to pay as well as having their payment history reported to a major credit bureau, primarily for credit building purposes.
RadPad announced that MasterCard cardholders can now enjoy the convenience of paying rent with their MasterCard-branded credit or debit cards, MasterPass digital wallet or via iPhone and Android apps.
Cardholders who then opt to pay with their MasterCard-branded credit cards will pay their rent on time and at a low 1.99% processing fee.
RadPad has also entered into an agreement with MasterCard to offer its users the ability to pay with MasterPass. The MasterPass digital wallet enables consumers to pay for the things they want with the security they demand, anywhere online or in-app, using any device. MasterPass securely stores shoppers’ preferred payment information so it is readily accessible when they check out.
Meanwhile, RentTrack is now officially contributing rental tradelines to Equifax. RentTrack is one of the first online rent payment companies to report to all three major credit bureaus.
RentTrack also integrates directly with many of the top property management accounting software packages, making the collection of rent easier as well. For property managers, becoming a certified data furnisher and complying with the applicable regulations is a daunting process. RentTrack reduces the complexity, cost and compliance risk of reporting to all three credit bureaus, while enabling online rent collection and a streamlined, end-to-end accounting process.