TenantCloud partners with Dwolla to offer fee-free rent transactions

TenantCloud, a property management website, along with Dwolla, Inc., a fintech group, have joined forces to offer a free transactions service that will be integrated in the TenantCloud platform for its tenants and property managers to utilize. 

TenantCloud allows its users to link their bank accounts and sent rent payments online in a simple and efficient way, a green option for those looking to overpass paper checks and manual rent collection. With the aid of Dwolla's state-of-the-art software, users visiting TenantCloud will be able to use the Automated Cleaning House (ACH) Network for ACH transactions.

Joe Edgar, the founder of TenantCloud, created the platform to make sending and receiving rent payments easier for landlords. Having been a previous property manager, he knows the ins and outs of the process and created the platform to address the issues landlords and tenants face when paying and receiving rent. Along with a fee-less service for tentants and property managers, the platform allows future tenants to fill out lease applications and submit maintenance requests all in one place. 

Edgar says that to keep the transaction free, TenantCloud needed to integrate with the ACH Network to use its low transaction costs. He goes on to say that the Dwolla team knows whats important when it comes to providing secure online payment solutions.

“Dwolla is a premium, trustworthy service,” Edgar says. “Our collaboration is the most significant step towards maintaining a high quality rental product for our users. We don’t believe tenants or property managers should pay a fee for making a payment. Dwolla makes that possible for us to offer.”

TenantCloud had over 500.000 properties featured on its platform by the end of 2018, with around 200,000 users across 60 countries. It's no surprise that users are flocking to the platform for its fee-free transaction service. On average, US landlords and tenants alone are saving a combined $750,000 each month.

Dwolla, Inc. is a financial technology company that offers businesses an on-ramp to the Automated Clearing House Network, the electronic funds-transfer system used by U.S. financial institutions that moves $43 trillion annually.

SOURCE TenantCloud
Edited by V. Haviland

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