I just read an interesting story on credit card processing for landlords.

Here is a snippit from the press release:

“The service is secure, fast, convenient and easy to use. ‘We started RentExpress after a considerable amount of research in to the industry, including the 2003 National Landlords Survey which found that, 86.6% of all Landlords claimed non payment of rent as their biggest concern’.

We also found that the payment options for Tenants was fragmented with options ranging from the most favourable being Automatic Payments through to cash and cheque. However, no one was offering a secure and convenient credit card payment option.

At RentExpress, Tenants can register their details for free, enter the property and landlord details and select the option of either making a one off payment or setting up a recurring payment schedule from their credit card. All of this can be done in a matter of minutes. RentExpress provides full reporting on all payments made and can be accessed securely 24 hours a day.”

An interesting development with a potential for a shift in credit card processing trends.

Credit Card Processing Credit Card Processing, Landlords, Merchant Account, Rent