ClickPay, a provider of billing and payment solutions for the real estate industry, unveiled a new fully electronic solution to streamline the process of accepting payments at the time of lease such as application fees, security deposits, and first months rent.
The new web application was built with software developer, Open Box and it enables mobile and online payments for applicants to quickly close leases. All transactions are integrated directly into the Accounts Receivable process, starting with the resident guest card and carrying through the application process all the way to lease execution and payment posting in MRI.
Part of the value is eliminating all manual data entry and automatically routing funds to designated bank accounts based on transaction type and property.
Itemized charges such as application fees, first month’s rent, and security deposits are created on the resident guest card in MRI by the leasing team and completed payments are then credited against these charges on the resident ledger. To complete the lease, the resident is invited to pay electronically by Credit Card on their mobile device. Options for payment by ACH and paper check are also supported.
ClickPay is a Division of NovelPay.
ClickPay offers fully integrated billing, payment processing and software services to accelerate the financial performance of its customers by reducing operating costs, creating operational efficiencies, and boosting resident satisfaction. These services provide property owners and managers with a customizable, electronic solution to bill and collect from their residents including online payments, lockbox, on-site check-scanning, paper statements and e-billing. ClickPay accepts all payment methods including e-check (ACH), paper check, debit and credit card, and American Express.
For a complete archive of more than 70,000 articles published since 1995 search the CardFlash.com library.