Arizona-based Spindle, Inc. a leading provider of mobile commerce solutions, has entered into a strategic agreement with RentPaidOnline.com (RPO), a provider of web-based payment services for property managers.
Spindle will provide a highly customized mobile commerce solution via the RentPaidOnline portal, accommodating the complex roster of variables required to fulfill rental payments. Through this new alliance, RentPaidOnline will leverage Spindle's Payment Services Provider (PSP) capabilities to streamline the rental payments process and manage risk.
"We're pleased to be working with RentPaidOnline.com, and we look forward to providing a comprehensive solution that will support property managers and provide a great service for renters," said Bill Clark, CEO at Spindle. "RentPaidOnline.com offers its customers a compelling solution that streamlines the payment acceptance process. Our combined ability to accommodate the array of requirements inherent in rental payments will help RentPaidOnline.com to improve rent collection efficiency and increase satisfaction for renters and landlords."
To accommodate payments for multiple locations today, property managers must spend countless hours deciphering the proper payment amounts for different properties, units, and individual renters. Payments for a single unit are often split between multiple tenants at varying rates, or payments are sometimes made months in advance, adding to the complexity of each possible transaction. Spindle's solution gives RentPaidOnline the sophisticated data aggregation tools necessary to manage the staggering array of inputs and associate different variables with each unique account holder.
Spindle's processing solution for RentPaidOnline reduces this complexity and the burden on RentPaidOnline to collect credit card payments. It streamlines transactions while creating an immediate, convenient and ecologically sound payment channel. Spindle's suite of vendor-agnostic mobile commerce solutions provides next generation capabilities, supporting payments via credit cards, mobile phones, IP-based platforms and other electronic media.
"We researched a long list of providers," said Steven Foster, chief business development officer, executive vice president at RentPaidOnline.com. "Nothing came close to Spindle's ability to consolidate the elements and work cohesively with the RentPaidOnline engine. It will remove layers of complexity for RPO for years to come."