Payment Processing for Residential

Full Suite of Payment Processing

Increase resident satisfaction and office efficiency with Yardi Payment Processing™. Manage accounts receivable and accounts payable with one residential payment processing system that helps you streamline rent collection, cut operational costs, and reduce processing errors.

Make collecting rent and other fees easier with user-friendly payment options that eliminate bank runs for your staff. Your residents can conveniently pay rent by check, online, via text, or at participating retailers. And your staff can more quickly process both incoming funds and outgoing payments to any vendor.

Payment Processing supports many different property types in the U.S. and Canada, including multifamily, condo, affordable, public housing, commercial, and senior living properties. For small to mid-sized clients, we offer Payment Processing for Genesis2.

Product Highlights

 

  • Collect: Online Payments

    Offer paperless self-service rent payments with a recurring payment option using Yardi Online Payments™. Residents can log in at any time, view their account balances, and pay rent directly from a bank account (ACH payment) or with a credit or debit card. Online payments are entered directly into Yardi Voyager®, with automatic deposits and easy bank reconciliation. ACH payments are sent to your bank via EFT the next day. Credit and debit card payments are processed within 2-4 days.

  • Collect: Text Payments*

    Give residents 24/7 convenient and secure mobile access to review balances and make payments via SMS text messaging with RENTCafé® TextPay.™ Immediate confirmation is provided to residents making text payments from a bank account or credit or debit card. Rent payments are automatically entered into Voyager, improving operational efficiencies while increasing resident satisfaction by providing an in-demand mobile service.
    *RENTCafé TextPay is not available for PHA.

  • Collect: Check Payments

    Eliminate trips to the bank, lost checks, and manual keying errors while reducing NSF risk with Yardi CHECKscan™. Scan bulk batches of personal, corporate, bill pay, and cashier’s checks as well as money orders to greatly reduce processing time. Instantly create receipt batches in Voyager for all items and permanently store the image files — so you don’t need to make copies. Payments are transferred electronically to your financial institution the next day, optimizing your cash flow.

  • Collect: Walk-In Payments**

    Let residents pay rent in cash at over 20,000 participating retail locations. Our walk-in payment system (WIPS®) provides the ease of a one-stop experience and reduces money order issues for your staff. This service can be easily added to your existing Yardi cash management system. Electronic payment confirmations are automatically available in Voyager the next day. Funds are made available within three business days.

  • Pay: Vendors and Owners**

    Automate check writing and electronic vendor or owner payments with outgoing accounts payable. ACH payments are administered and distributed automatically, then instantly recorded in Voyager — speeding up processes, reducing manual errors, and cutting down on paper waste. For vendors and owners that don’t accept electronic payments, we process, print, and mail checks for you with all activity documented in Voyager, saving your team significant time and increasing productivity.

    ** Not available in Canada.

Key Features
  • Electronic deposits for rapid availability of funds
  • 24/7 resident access to make online and text payments
  • Credit and debit card and ACH payments with recurring ACH option
  • Walk-in payment service for cash payments at participating retail locations
  • Voyager auto-matches charges and applies payment priority rules
  • Permanent check image storage in Voyager for scanned payments
  • Electronic vendor and owner payment processing and transfers
  • Full-service check writing and distribution by our check writing service organization
  • All transactions instantly recorded in Voyager
Key Benefits
  • Increases resident satisfaction and maximizes your cash flow
  • Scans and digitizes paper checks and money orders in bulk
  • Offers one-stop convenience and reduces money order issues with walk-in payments
  • Provides secure instant access, payments, and confirmations via text message
  • Auto-transfers electronic deposits and payments to and from your bank account
  • Eliminates manual errors and time-consuming bank trips