Lets.pay for Private Lettings Agents and Landlords
Lets.pay is a flexible payment solution which gives Letting Agents, Private Landlords and the Student Rental Market the opportunity to offer tenants choice in how they pay their rent.
With greater convenience and choice in how they make their payments, tenants are more likely to pay. And with the Lets.pay card they have the option to pay their rent to landlords in a way that suits them, at a time that suits them and in a place that suits them. For instance:
- Over the counter at one at plenty of UK locations.
- On the Internet
- By telephone
- By Direct Debit
- Through point of sale payment terminals
Landlords issuing the Lets.pay card are able to receive secure, daily updates on payments without needing to bank cheques or count cash.
In house printing and mailing facilities mean allpay.net can design and send out rent statements, any promotional mailings that may be required and inform tenants how to pay.
How Lets.pay Works
- Clients sign up to use Lets.pay.
- Clients are guided through the implementation process.
- The Client's stationery (swipecards, carriers and wallets) is produced, then supplied to the client or mailed directly to their tenants.
- Tenants make their payments at times convenient to them using one of allpay.net's flexible payment options.
- allpay.net collates daily payments across all payment methods and sorts them by client.
- Using allpay.net's online communication system, WebconnecT, clients can normally download payment information from 10am the next working day.
Some Features and Benefits
Increased Security
Physical handling of cash and cheques is reduced and by removing the need for the client to handle cash in the offices, security issues are addressed, which may in turn contribute to reduced insurance premiums.
Immediate Information Access
Clients can download daily payment files from WebconnecT
Multi-Channel Payment Methods
Aside from over-the-counter, payment options on offer to clients' customers include the Internet, Interactive Voice Response (24/7 telephone payments) and Direct Debits.
Point of Sale payment terminals can also be supplied for those clients wishing to continue to take ad hoc payments as deposits or arrears via the Lets.pay system.
Simplifying Systems
By modifying current paper based systems into electronic data, tedious and timely administrative duties can be reduced.
Direct Debits
Where clients' customers currently use Standing Orders to make their payments, Lets.pay can offer to set them up with Direct Debits - a wholly more convenient option for clients, enabling them to control rent increases rather than relying on the customer to alter bank instructions.
Brand promotion
allpay.net will provide generic stationery and payment cards for any client wishing to use the scheme but if the client prefers, stationery can be customised to further promote their brand in the marketplace.
By providing tenants with easy, accessible ways to pay their rent, Lets.pay can help facilitate more timely and efficient rental payments to Landlords.
