OAKLAND, CA – PropertyBridge, a leading provider of electronic payment solutions for the multifamily industry, today announced the release of a Flash demo of its unique Pay By Cash solution. Pay By Cash allows residents to pay rent in cash at 35,000 MoneyGram agent locations nationwide such as Walmart and CVS/pharmacy. The thee minute video animates how the solution works and details benefits for property managers and residents.
With Pay By Cash, property managers eliminate the fraud and data entry errors associated with accepting money orders in the community office. Residents who use Pay By Cash can conveniently pay their rent while out running errands and can save money by not having to purchase multiple money orders. Payment detail is integrated into the manager’s property management software and displayed in the PropertyBridge web portal within minutes. Funds are sent electronically to the property’s bank account with funds deposited the next business day.
Watch the Pay By Cash demo on MultifamilyBiz,com or on the PropertyBridge Corporate Website
About PropertyBridge
PropertyBridge is a multifamily payment specialist and leading electronic payments processor for property managers and owners in the rental housing industry. The PropertyBridge Payments Platform enables residents to pay rent and other lease-related transactions using multiple payment types, including credit and debit cards, Automated Clearing House (ACH), check scanning (Check 21) and cash payments at 35,000 MoneyGram agent locations. PropertyBridge’s rent payment solutions are fully integrated with the accounting systems and business processes of property management firms. Residents can pay rent online, by phone or in person and set up recurring payments. The company collaborates extensively with financial services leaders including Bank of America, Visa USA, MasterCard, Discover Financial Services, American Express, Wells Fargo Bank and First National Bank of Omaha. MoneyGram, Inc. acquired PropertyBridge in October 2007.