This blog deals with how online rent payments can help you pay your landlords effectively.
Paying rent is a critical yet often cumbersome task. Despite advancements in technology, many businesses still use traditional methods for paying rent. One such business is shopping centers.
Consider the following situation in a shopping center:
It is the end of the month, and the shopping center manager is busy with daily operations. Now, in between the run, the manager suddenly remembers that it’s the rent day. With only hours left, it’s impossible to pay rent on time using traditional methods. What is the solution that the manager can find in this situation?
The one and only solution is OnlineCheckWriter.com – Powered by Zil Money. The cloud-based platform offers you efficient payment methods with which you can pay rent easily. One such method is payment from credit cards.
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Pay Rent Easily from Your Credit Card
Using a credit card for making rent payments can significantly help a shopping center. A credit card allows the owner to delay actual cash outflow until the credit card bill is due. This extra time can help them to manage cash flow efficiently, especially at times with tight liquidity. Moreover, credit card payments are instant. That is, you can make rent payments even if you remember about it only at the last moment.
Many credit cards offer cashback or rewards for each complete transaction. This is the key highlight of credit card payments that attracts many towards it. The only problem with credit cards is that they have interchange fees, and for this reason, many landlords refrain from accepting rent via credit card. The interchange fees that they may have to pay lead them to lose 2% to 3% of the rent due each month.
The interchange fee of a credit card is never a problem if you have taken a subscription to OnlineCheckWriter.com – Powered by Zil Money. The platform allows you to completely eliminate the interchange fee of a credit card. How?
Choose The Way Your Landlords Get Paid
As mentioned, with OnlineCheckWriter.com – Powered by Zil Money, you don’t have to worry about the interchange fees of a credit card. The platform helps you with this by acting as an intermediary between you and your landlord. That is, when you are sending credit card payments via the cloud-based platform, you are first sending the payment to the platform, which means the platform is your first payee.
After receiving the payment, the platform will send payment to your payee via the method chosen by you. You can choose from ACH, wire, check, and more. This way, the cloud-based platform allows you to make credit card payments without any obstacles and enjoy the rewards and cashback offered by the credit card issuing company.
How To Pay Rent Using Credit Cards
You can pay rent easily using OnlineCheckWriter.com – Powered by Zil Money by following the given steps.
- Begin by clicking on the Home Page from the side panel.
- Choose the credit card option from the ‘pay from’ dropdown.
- Choose among ACH, wire, virtual card, and check mail via which you would like your landlord to receive money.
- Select card and payee.
- Enter necessary details like Amount, Invoice Number, Payee ID or Account Number, Payee Email, Payee Bank Account, etc.
- You can also add memos, attachments, comments, and remittances.
- Now, you can either save it for future payment or pay instantly.
- Upload the invoice to verify and make payment faster, and then add the signature.
- Now, your payment is initiated successfully, and you can check your payment status by clicking on ‘view payment.’
Pay as ACH
OnlineCheckWriter.com – Powered by Zil Money is one of the best platforms to make ACH payments. This is because the platform is an official member of NACHA, which is the regulating body that monitors the ACH network via which ACH payments are processed. The cloud-based platform allows you to make ACH payments at an affordable cost, with the most security and efficiency.
Pay as Wire
Making wire transfers is easy with OnlineCheckWriter.com – Powered by Zil Money. The platform allows you to make both international and domestic wire transfers at an affordable rate. For making international wire transfers, you may need specific codes like SWIFT/IBAN, but for domestic wire transfers, all you need is a routing number and account number.
Pay as Virtual Cards
OnlineCheckWriter.com – Powered by Zil Money, allows you to send payments instantly using virtual cards. For making virtual card payments, you first need to fill out your wallet. You can create virtual cards and make payments until the wallet balance becomes zero. Once the balance is zero, you can easily recharge your wallet and continue your payment operations.
Pay As Check
With OnlineCheckWriter.com – Powered by Zil Money, you can easily pay your landlords who only accept checks. The platform allows you to easily send physical checks via USPS/FedEx. Here, the entire mailing process, such as printing, labeling, enveloping, and sending checks, will be handled by the platform.
Conclusion
OnlineCheckWriter.com – Powered by Zil Money is a perfect solution for making online rent payments. The platform allows you to make rent payments from credit cards easily. You can also pay as ACH, wire, virtual card, and check.
