The Real Secret Behind RealPage ResidentDirect Part 1
You know that your residents want to pay rent and other fees with credit cards, debit cards and even ACH. But you don’t want the hassle of paying the fees associated with processing credit card payments.
Industry data shows that every month residents pay their rent with a card. The other guys may tell you, “don’t worry about the rules and regulations,” and, “we’ve got you covered if there’s a problem,” but they can’t actually back up those claims.
RealPage is the only property management software company that took the time and spent the millions of dollars necessary to ensure we are an approved and licensed Money Services Business with both the US Department of the Treasury and state banking regulators.
RealPage posted the bonds, funded the cash reserves, implemented the money laundering detection systems, implemented OFAC screening, and completed the banking controls and ¬financial audits to operate as a non-bank -financial institution.
We eliminate ALL of the hassle and the confusion of managing resident payment processing. This means that we provide the platform for your residents to process rent and deposit it to your account, while RealPage collects the fees directly from the resident. So you and your residents win because making it easy to pay is expected by today’s Internet savvy consumers.