RentPay vs Yardi Payment Processing

RentPay is a rental-payment platform for tenants who pay rent through an agent. It lets users set weekly, fortnightly or monthly deposits, and can debit funds on payday before rent is due. Payments can be made by bank transfer, PayID, BPAY, debit or credit card, PayPal, Alipay, WeChat Pay or UnionPay. Cleared account funds earn 2.50% p.a. before transfer to the agent’s trust account. The free account has no monthly, signup or money-sending fee, but payment-method charges apply, including 1.15% for cards and $1.00 for BPAY. Its wallet limit is $9,999, with interest calculated only on balances up to $9,500. Other services include bill smoothing, Paylab rewards transferable from participating Australian retailers, and Scorebuilder, which reports account status monthly to illion. Users can see payment history in the app, but cannot download it. RentPay is available on Android, iOS and web.

Yardi Payment Processing has no write-up on Specifiction yet; its figures are above.