Property management software RentRedi has integrated Stripe to provide landlords and tenants with more convenience, benefits and payment options.
RentRedi has expanded its services for landlords and tenants by offering more convenience and benefits in its rent collection and payment features through integration with Stripe Connect and Stripe Checkout. The new upgrades reduce the time it takes landlords to receive their rent payments by offering faster payment processing and more convenient payment options for tenants.
Faster payouts to landlords
RentRedi leverages Stripe Connect’s infrastructure for faster payment processing and has enhanced its mobile and online rent collection capabilities to provide more control over underwriting and onboarding processes, resulting in faster turnaround of rent payment funding, reducing the time it takes landlords to receive rent payments in their bank account to two business days.
RentRedi’s accelerated funding also includes same-day processing of ACH payments, which completes the payment transaction and makes funds available to landlords. This also benefits renters who use ACH to pay their rent, as funds are debited from their accounts faster and they have more accurate, up-to-date account balances, reducing the likelihood of overdrawing their accounts and the associated fees and penalties.
More payment options for tenants
The Stripe Connect integration also allows landlords to accept payments from multiple sources, including cash via Chime payments, ACH, or credit card, making it more convenient for renters as well. Landlords who offer their renters convenient and flexible payment options are more likely to receive their rent more regularly and on time, which translates into more stable cash flow for landlords, said the team at RentRedi
An additional integration with Stripe Checkout allows RentRedi landlords to use a variety of different payment options when setting up and paying for RentRedi subscriptions – including Apple Pay, Google Pay, and all types of credit cards. The new integrations with Stripe Connect and Stripe Checkout provide RentRedi customers with an improved dashboard and user experience.
