CHICAGO, IL - WilliamPaid today announced the release of its Express Pay application that allows landlords and property managers to offer online, electronic rent payment directly on their websites. With minimal integration and no cost to landlords and property managers, Express Pay provides tenants with access to directly and securely pay their rent and other property-related costs through a bank account or with a credit card without leaving their landlord or property manager's website.
"As a renter resource, we offer renters and roommates the ability to pay their rent easily and flexibly on our website," says Evan Silverman, CEO of WilliamPaid, the online rent payment and credit-building service. "Landlords understand that this is what their tenants want. As a result, landlords and property managers have asked us for the ability to offer the same flexible, secure online rent payment platform on their websites. With Express Pay, they now have it."
With Express Pay, landlords and property managers can accept credit cards and electronic bank payments without the hassle and costs of sorting out the requirements and establishing merchant accounts, said Silverman. "Landlords get increased on-time rent payments and direct deposit of rent funds without the headaches, and tenants get online rent payment flexibility. Everyone wins."
According to Silverman, the new application requires minimal integration and provides smaller property managers with the same technology available to large property managers without set-up costs, monthly fees and ongoing maintenance. "If a property manager has a website, they can now offer online rent payment," said Silverman.
"For some time, we've considered how to offer our tenants an online rent payment solution directly on our website," said Mark Fishman, President of M. Fishman & Co., a leading Chicago-based property manager of residential real estate properties. "It's nice to be able to provide an easy, convenient and flexible rent payment solution for our tenants without additional overhead costs."
Although a start, Silverman said that the online rent payment application alone isn't enough. "The key to driving efficiencies with online, electronic rent payment isn't simply putting a solution on your website. You have to drive users."
Fishman agrees. "We really want our renters to use the Express Pay module. This is where WilliamPaid really stood out. They have customized a marketing solution across multiple media that we expect will drive significant use. In the end, we want our tenants to be happy and, if we can get the word out to make it easier for them to pay rent and decrease our administrative burden and cost at the same time, it seems like a no-brainer."
WilliamPaid is an online resource for renters and roommates, providing flexible rent payment options, including paying rent online with a credit or debit card, group rent payment tools to share, manage and pay rent and credit building services such as having rent payments and past rent and utility payments reported to a credit bureau. WilliamPaid is headquartered in Northbrook, Ill.