NewswireToday - /newswire/ -
Columbus, OH, United States, 2013/01/14 - PayToRent.com announces next-day funding of tenant rent payments for landlords and property owners/managers who collect rent online - PayToRent.com.
PayToRent.com is happy to announce faster funding times for E-Check / ACH transactions when collecting rent online.
Previously, all landlords and property owners (or property managers) were subject to 4-day processing times on E-Check / ACH transactions. This is still Pay To Rent’s standard funding option, offered at $.75/transaction.
However, landlords and property owners can now choose to have their E-Check payments process faster. PayToRent.com is now offering two expedited E-Check processing options to collect rent online:
Next-Day Funding $3.00 per transaction (instead of $.75/transaction).
Two-Day Funding $2.50 per transaction (instead of $.75/transaction).
So what does this mean exactly?
As a landlord, let’s say your tenant paid rent at 11am on Monday, 01/07/13. In normal circumstances, this transaction would get submitted to the banks at 6:30 pm CST. Using the standard option, this transaction would fund on Friday 01/11/13 or on Monday 01/14/13. As seen, this may be a full week until the funds are available in your account. This is still better than waiting for USPS to deliver a paper check from your tenants, but it could be faster.
If you’re using next-day funding, this transaction would fund on Tuesday, 01/08/13 - much faster than the standard processing options available with any online rent collection website. With two-day funding, this transaction would would fund Wednesday, 01/09/13, still beating most online services.
If you depend on fast and dependable rental payment funding to keep your business operating smoothly, you can now expedite your operation with our new faster funding options.
PayToRent.com requests that you contact them if you have interest in collecting rent online using any one of their funding options.