Property Management Companies can now accept online payments from their residents by credit card or direct debit, at no cost to the property manager!
TORONTO, Feb. 20, 2014 /CNW/ - RentMoola announced today its latest
successful partnership with SHIFT to offer its innovative online and
mobile paperless payment solution to condominiums across Ontario. Condo
Payments by SHIFT is the latest product offering, helping condo owners
and property management companies save time and grow their business
with the industry leading SHIFT Suite of products.
"Partnering with RentMoola allows us to deliver more innovative services to the condominium
industry. Having a payment solution that guarantees funds and
eliminates waiting for NSFs or late payment issues is very compelling,"
said SHIFT CEO Darryl Deen. "Condo owners and property mangers are both
winners. You're now able to pay your monthly condo fee payment and any
other related payments with your favourite rewards credit card or
direct debt and enjoy the convenience of making a payment right from
RentMoola's industry compliant platform gives property managers the
ability to accept secure credit card payments from tenants at no cost.
A low service fee is charged to owners for each payment allowing people
to leverage their favourite rewards credit cards. Rentmoola allows
owners to make auto-recur and one-time payments using any major credit
card from 100+ countries. Tenants also have access to RentMoola's exclusive MoolaPerks program offering additional rewards.
"The average cost per PAD setup is $20 and the cost for processing and
handling in a single cheque is between $15 to $25 according to a recent
Scotiabank audit," said RentMoola CEO, Patrick Postrehovsky. "Our
paperless mission brings convenience to the owner and the ability to
finally make their condo payment provide some benefit easily offsets the service fee. It's a must have
payment option for the property manager with the continual growth of
About SHIFT www.shiftsuite.ca
SHIFT is the leader in condominium innovation, having pioneered the condo
community website through NEXUS®, re-invented the status certificate
through CONDUIT®, and has introduced KEY®, the industry first
cloud-based Condominium Accounting & Property Management tool. NEXUS®,
CONDUIT ®, KEY ® and all other SHIFT products are integrated on a
single platform. SHIFT is represented in over 350,000 condominium
About RentMoola www.rentmoola.com
RentMoola is a mobile and online payment network in partnership with Visa,
MasterCard, Discover, American Express and RM Direct Debit™ powered by
BMO Financial Group. Property managers can accept credit card and
direct debit payments at no cost to them while tenants earn rewards
faster through the MoolaPerks program. RentMoola also provides powerful
cloud financial, transactional and accounting reports ensuring seamless
integration into existing accounting systems.
Video with caption: "Property Management Companies can now accept online payments from their residents by credit card or direct debit, at no cost to the property
manager!". Video available at: http://stream1.newswire.ca/cgi-bin/playback.cgi?file=20140220_C5926_VIDEO_EN_36943.mp4&posterurl=http://photos.newswire.ca/images/20140220_C5926_PHOTO_EN_36943.jpg&clientName=RentMoola&caption=Property%20Management%20Companies%20can%20now%20accept%20online%20payments%20from%20their%20residents%20by%20credit%20card%20or%20direct%20debit%2C%20at%20no%20cost%20to%20the%20property%0D%0Amanager%21&title=RENTMOOLA%20%2D%20RentMoola%20to%20Power%20SHIFT%27s%20Condo%20Payment%20Solution%2C%20Bringing%20Mobile%20Paperless%20Payments%20to%20Condominiums%20across%20Ontario&headline=RentMoola%20to%20Power%20SHIFT%27s%20Condo%20Payment%20Solution%2C%20Bringing%20Mobile%20Paperless%20Payments%20to%20Condominiums%20across%20Ontario
For further information:
Philipp Postrehovsky, COO & Co-Founder
Barry Deen, Director of Marketing
416 489 1797 x40