Leading payment processor introduces a complete payment solution for property managers

NEW YORK - Aug. 3, 2016 - PRLog -- Integrated payment processing solutions provider iSmallBiz Payment Technology  will allow rental property managers in the United States to receive electronic rent payments.

iSmallBiz will process credit card, debit card and ACH/eCheck payments made by residents of multifamily and condominium units, as well as commercial property tenants. The payment processor post deposits to property managers' bank accounts "invisibly and landlords will receive the funds within 24 hours.

"As renters and property managers increasingly request electronic payments over paper cheques, iSmallBiz is poised to serve a market that could reach billions," said Charles Colbert, Managing Director of iSmallBiz.

"Property management companies can trust iSmallBiz's experience in processing billions of dollars of transactions annually for thousands of organizations. Whether rent payments are made online, by check or credit card, iSmallBiz has safe and secure, fully encrypted and PCI-compliant service options. Our point-to-point encryption reduces the risk of liability due to information theft." said Charles Colbert, Managing Director.

The iSmallBiz PayTech advantage:

·         Reduces the administrative time of paper checks and streamlines the rent collection process.

·         8 out of 10 U.S. residents prefer to pay with a debit card or credit card.

·         70% of U.S. residents own a smartphone.

·         40% of millennial aged residents (20-34) prefer to pay with smartphone.

·         Residents can pay rent online quickly and conveniently

·         Residents can pay rent on a smartphone, their preferred device. Our free mobile app is available for iPhone and Android.

·         Residents can opt-in to monthly reminder emails to manage preferences, select payment method and pay rent on time.

·         Residents can sign up for recurring monthly payments to pay rent on time each and every month.

About iSmallBiz Payment Technology

The payments division for iSmallBiz LLC provides businesses and organizations with electronic payment systems. The company makes electronic payment processing easy for merchants, allowing them to accept multiple forms of payment, including credit and debit cards, electronic checks, Check21, gift and loyalty cards, and automatic recurring payment. iSmallBiz Payment Technology provides a wide range of secure standalone and integrated payment processing solutions, including advanced point-of-sale (POS) device integration, payment origination solutions, and cash management applications.

http://www.ismallbusinesscredit.com


iSmallBizCredit and iSmallBiz Payment Technology are divisions of iSmallBiz, LLC