PayLease, a payments and billing platform for property managers, has formed a strategic partnership with PayPal to simplify payments in rental market.
The deal will give renters and homeowners more option for paying rent and homeowners associations (HOA) dues online.
As per the agreement, the companies will launch a secure way for residents to pay their rent online through PayPal.
To make an online rent payment using PayPal, user will have to log in to their property management company’s website, or to PayLease.com. After selecting PayPal as their payment method, they will be prompted to enter their PayPal login credentials. When the resident concludes their transaction, payment data will integrate into the property manager’s accounting software and within their PayLease account.
PayLease CEO Dave Dutch said: “We’re excited to provide more choice in payment options to our property management clients and to residents living in their communities. With the peace of mind behind PayPal’s promise of secure transactions, we are making payments easy for millions of people in the rental market.”