RentPaidOnline® Teams with PayNearMe to Enhance its Web-based Payment Platform with Innovative Electronic Cash Payment Capability

Clearwater, Florida (PRWEB) November 14, 2013 — RentPaidOnline®, a leading multi-family housing rent payment provider, announced today that the company has expanded its online platform to include cash payment capability through a partnership with PayNearMe, the electronic cash transaction network. This new service makes it remarkably simple for property management companies that use RentPaidOnline to accept cash payments from their residents. These residents can now quickly and securely pay their rent with cash at almost 10,000 7-Eleven® and ACE Cash Express® stores nationwide and have their account credited immediately.

To initiate a cash payment, renters simply go to RentPaidOnline.com and generate a printed or mobile PayNearMe PaySlip that includes a PayNearMe barcode and payment instructions. Alternatively, property managers can email or text PaySlips to their tenants. To complete the payment, tenants bring their PaySlip to any 7-Eleven or ACE Cash Express location where the cashier scans the barcode, accepts the payment and issues a receipt confirming that the funds have been credited to the renter’s account. Through RentPaidOnline, PayNearMe immediately notifies the property manager’s system of the payment and deposits 100% guaranteed good funds into the property manager’s account via ACH.

“We have seen tremendous demand for PayNearMe from a number of our large multi-housing property management customers who manage properties where cash-paying residents might reside,” said Steven J. Foster, Chief Business Development Officer / EVP at RentPaidOnline. “PayNearMe eliminates the numerous obstacles that have caused property managers to refrain from accepting cash, and simplifies life for the residents. It’s a win-win all around.”

With this new efficient payment option, property managers who use the RentPaidOnline software platform no longer need to worry about the numerous risks of handling cash onsite. They also no longer have to deal with the operational complexities of manually reconciling cash and money-order payments because PayNearMe is fully integrated into the RentPaidOnline accounting and payment management systems.

“Reinventing how cash payments are handled is more than an exercise in simplicity and convenience,” said Danny Shader, CEO of PayNearMe. “In the case of rent, it is about offering peace of mind to a consumer segment that has been traditionally marginalized by our financial system. RentPaidOnline recognizes this, and together we are offering a valuable payment option to millions of US renters who need or prefer to pay their rent with cash.”

About RentPaidOnline®
RentPaidOnline is a leading multi-family housing rent payment provider and payment management portal that includes a real time web-based and mobile platform for electronic checks, credit cards, and cash payments for the property management industry. The key advantages of RentPaidOnline® are our multiple, innovative, one of a kind payment channels and our “think outside the box” mentality to ensure our clients are always heard first and foremost. RentPaidOnline is a service of EFX Financial Services Inc., which processes hundreds of millions of dollars in transactions annually throughout the United States and Canada. EFX Financial Services was founded in 2006 and has a corporate office in Clearwater, FL. For more information about RentPaidOnline or to schedule a personalized one on one with one of RentPaidOnline’s executive team, contact us at 855-PMY-RENT (855-769-7368) or email us. Renters and Property managers are invited to catch up on all things RentPaidOnline via our Renters Room, Pros Corner, and social media outlets like Twitter and Facebook.

About PayNearMe
PayNearMe is the electronic cash transaction network that enables consumers to pay rent, transfer money, repay loans, buy tickets, make online purchases and much more with cash. Consumers can conveniently make payments 24/7 in their own neighborhood in less than 60 seconds at one of nearly 10,000 participating 7-Eleven and ACE Cash Express stores across the United States. For more information, please visit http://cash.paynearme.com.