New Stripe integrations provide more
convenience and benefits to RentRedi landlords and tenants through
accelerated payment processing and more payment options
NEW
YORK, Aug. 20, 2024 /PRNewswire/ -- RentRedi, an
award-winning property management software that simplifies the
renting process for both landlords and tenants, has added more
convenience and benefits to its rent collection and payment
features through integrations with Stripe Connect and Stripe
Checkout. The new upgrades accelerate the time it takes for
landlords to receive their rent payments by providing faster
payment processing and more convenient payment options for
tenants.
Leveraging Stripe Connect's infrastructure for faster payment
processing, RentRedi has upgraded its mobile and online rent
collection features to provide more control over underwriting and
onboarding processes, resulting in a quicker turnaround on funding
rent payments. This reduces the amount of time it takes for
landlords to see rent payments appear in their bank accounts to two
business days.
"Landlords need an efficient and secure way to process the
payments they collect from their tenants," said RentRedi Co-founder
and CEO Ryan Barone. "We are
continuing our customer-driven approach to product development by
leveraging Stripe integrations to provide the fastest payment
processing solution in the industry that gets money to our
landlords faster without charging an extra fee for express
funding."
RentRedi's accelerated funding also includes same-day
settlements for ACH payments, which completes the payment
transaction, making the funds accessible to landlords. This also
benefits tenants who use ACH to pay rent, because the funds leave
their accounts faster, providing them with more accurate, updated
balances that reduce the likelihood of overdrafting on their
accounts and incurring associated fees and penalties.
The Stripe Connect integration also allows landlords to accept
payments from multiple sources, including cash through Chime
payments, ACH, or credit card, making it more convenient to tenants
as well. "Landlords who provide convenient and flexible payment
options to their tenants are more likely to receive on-time rent
payments on a more consistent basis, which translates to a more
stable cash flow for landlords," added Barone. "It's a win-win that
benefits both landlords and tenants."
An additional integration with Stripe Checkout enables RentRedi
landlords to use a variety of different payment options — including
Apple Pay, Google Pay, and all types of credit cards — when
initiating and paying for RentRedi subscriptions. The new
integrations with Stripe Connect and Stripe Checkout provide
RentRedi customers with an enhanced dashboard and user
experience.
ABOUT RENTREDI
RentRedi offers an award-winning, comprehensive property
management platform that simplifies the renting process for
landlords and renters by automating and streamlining processes. For
landlords, RentRedi provides all-in-one web and mobile apps to
collect rent, list and market vacancies, find and screen tenants,
sign leases, and manage maintenance and accounting. For tenants,
RentRedi's easy-to-use mobile app allows them to pay rent, set up
auto-pay, build credit by reporting rent payments to major credit
agencies, prequalify and sign leases, and submit maintenance
requests.
Founded in 2016, RentRedi is VC-backed and a proven leader in
the PropTech market. The company ranks No. 180 on the 2024 Inc.
5000 list and No. 12 on the Inc. 5000 Regionals list and was named
an Inc. Power Partner, a GetApp Category Leader, a Capterra
Established Player, and a G2 High Performer and Momentum Leader
based on the software's user ratings and popularity. To date,
RentRedi has more than $35 billion in
assets under management with nearly 200,000 landlords and tenants
using the platform. The company partners with technology leaders
such as Zillow, TransUnion, Experian, Equifax, Realtor.com, Plaid,
and Stripe to create the best customer experience possible. For
more information visit RentRedi.com.
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SOURCE RentRedi