Online Rent Payment

Collecting your rent - online?

While virtually every other bill you can think of can now be paid online, high credit card costs force many landlords to continue to rely on paper cheques for their payments. While this likely worked in the past, today's renter is used to the convenience of online payments.   US-based WilliamPaid.com positions itself as a solution to that problem. The company promotes itself as an online resource for renters and roommates, that provides flexible rent payment options, including the ability to pay rent with a credit or debit card. It also allows users to build their credit rating by reporting their payments to the credit bureau.   While this service, or a similar one, isn't yet available in Canada, landlords aren't tied to paper cheques. More and more financial institutions - and bank account holders - are turning to email money transfers to pay their bills. To receive money via email, all a landlord would need is a valid email account. It might be something to think about when dealing with less-than-prompt tenants.