PayLease Launches Cash Pay Solution

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Solution Allows Residents to Pay Rent With Cash at 25,000 CheckFreePay® Retail Locations Nationwide

PayLease, LLC (http://www.paylease.com), a leading provider of online payments for the property management industry, today announced the launch of its Cash Pay solution in partnership with CheckFreePay®. The solution enables residents of PayLease’s property management clients to pay their rent with cash from any CheckFreePay® retailer in the nation. CheckFreePay® has approximately 25,000 locations for, including some of the nation’s largest retailers like Walmart and Kmart. Cash Pay simplifies the rent collection process for property managers by eliminating manual data entry associated with cash, cashiers checks and money order payments. Payment detail is integrated into the manager’s property management software and displayed in the PayLease system in real-time.

The PayLease Cash Pay solution also simplifies rent payments for residents who typically pay with a money order. Residents can pay with cash while out running day-to-day errands or from the retailer with business hours that suit their schedule. Because of the electronic transmission of the funds, residents will not have to make a trip back to their management company – typically only open during business hours- to deliver their payment. Additionally, Cash Pay may save some residents money by not having to purchase multiple money orders to cover their entire rent payment, and within 60 seconds the resident has completed paying rent.

With the launch of Cash Pay, PayLease now offers its clients the ability to accept and convert all payment types into electronic transactions. PayLease clients can already accept credit/ debit cards and ACH payments online and can also convert paper checks into electronic transactions.

Ben Truehart, Vice President of Marketing and Product Management commented on PayLease’s latest release. “We are thrilled to add Cash Pay to our portfolio of services and are confident this solution is the best way for property managers to allow residents to pay with cash. It eliminates the traditional hurdles associated with collecting cash or money orders, and gives renters more convenient payment options. By partnering with CheckFreePay®, we feel the solution we are offering is superior to other cash services on the market both in cost and convenience,” he added.

About PayLease, LLC
PayLease, LLC (http://www.paylease.com), is a leading electronic payments provider for the property management industry, specifically targeting the multifamily, single family, HOA and commercial markets. PayLease provides property managers the ability to accept and manage rent payments and HOA payments through a secure online interface. With PayLease, residents are able to pay their property manager using an E-check or with a credit card. Since its inception in 2003, PayLease has grown to serve thousands of property management companies nationwide and is among the fastest growing technology companies in the United States. For more information, please visit http://www.PayLease.com.

Media Contacts
Ben Truehart
Vice President of Marketing and Product Management
858.500.4922
btruehart(at)paylease(dot)com

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setareh motamedi
Pay Lease
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