| RentPayment collects the breakdown for
rent, security deposit, application fees, late fees, or any other fees
due the property at the point of credit card processing. This greatly
simplifies posting payments in property management software, and facilitates
reporting on what specifically renters are paying with a credit card.
RentPayment’s line-item detail can be tied to multiple depository
accounts for different line item types (Example: Security deposits need
to be deposited in a different bank account than application fees, but
still run as a single transaction). RentPayment’s platform makes
this scenario possible, in a way that other credit card processors cannot
“split” the deposits to multiple accounts.
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