Checks have historically been the traditional method of payment for property management and community fees, but as current spending statistics from the Federal Reserve Payment Study (FRPS) and Survey of Consumer Payment Choice (SCPC) show, over the last decade, total check spending now ranks below credit, debit and ACH payments. Property management organizations need to branch out on the payment options they offer to match the omnichannel payment approach that consumers expect – or risk dissatisfied...

Secure Merchant Services refer to the handling of electronic payments. Usually, the merchant will set up an account that facilitates the processing of credit cards. However, using a specialized provider will simplify the process of accepting payments, allow merchants to offer a larger number of payment options and obtain their payments more swiftly.

If you are running a property management company, you have probably already discovered one of the greatest problems you face is ensuring rents are paid on time. Handling the financial side of just one property can be a headache. However, dealing with multiple properties can easily lead to confusion and stress. Finding the right property management payment solutions to meet your company’s needs is paramount in guaranteeing your business runs smoothly and all your rental payments are received in a timely...

These days, most people have countless responsibilities to deal with. Between work, family, and chores, it’s too easy to fall behind with bill payments. Tracking expenses can be difficult. Not only is this a problem for the debtor, it also has a serious impact on the company that is owed the money. Online payment portals are a way to help eliminate the problem of late or missed payments.

In today’s modern technologically advanced world, innovations are moving quickly, and merchants who are unable to accept mobile credit card processing are failing to maximize their revenue opportunities in a potentially crowded marketplace. With increasing numbers of brick-and-mortar and online-only stores offering this payment method to their customers, it certainly appears mobile credit card processing is the way of the future for the successful businesses of tomorrow.

Paying for healthcare can be a major financial headache. With consumers now responsible for making larger amounts of the payment, it’s no wonder they are starting to demand greater transparency in pricing and a clearer idea of what they are paying for the services they have received. Knowing the exact price of each test, treatment, and consultation in advance is essential for consumers who would rather avoid an unpleasant shock once they’ve received care. Patients also want the convenience of being able...

Credit unions remain popular with many members who are keen to be more than just another account number within a large banking organization. When becoming a member of a credit union, you also become a stakeholder and you can benefit from great member services, receipt of dividends, and full voting rights, as well as benefit from lower interest rates and fees. However, some people have put off the idea of using a credit union because they are worried making their loan or credit card repayments will be a...

Customers today are used to being able to use their credit card whenever they need to make a payment, whether it is for goods or services. Now, making payments using cash or checks are becoming less common as consumers demand the flexibility to utilize their favorite payment methods, both in physical stores and when shopping over the Internet. For merchants, therefore, having reliable credit card processing solutions in place is essential to their success.

Being a landlord is never easy, especially if you are operating multiple rental properties. The process of finding a responsible and trustworthy tenant, dealing with maintenance, and, of course, collecting rent, can be exceptionally demanding and time-consuming. However, property management companies that are keen to seize any opportunity to reduce their stress levels could benefit from adopting a facility that allows them to collect rent online.

Although being a landlord can be financially rewarding, the hassle of dealing with tenants who fail to pay on time represents an enormous downside. Every property manager at one time or another has heard the excuse, “the check is in the mail.” Delays in receiving the rent can lead to landlords being financially out of pocket. Many property management companies are now switching to an Internet-payment system, so it is the best way to collect rent online.