SaaS platform to plug into Paysafe’s integrated payments solution to streamline rent payments for property managers in U.S. and Canada
Paysafe, a leading specialized payments platform, announced a new independent software vendor (ISV) partnership with Smart Property Systems, a state-of-the-art software as a service (SaaS) provider for property management. The Smart Property Systems platform will embed Paysafe’s credit and debit card, ACH and eCash payment solutions to enable North American property managers to offer tenants frictionless digital transactions for their rent payments.
The Smart Property Systems solution supports the complete rental cycle for residential, commercial, mini storage, mobile home parks, and condominium and housing associations, with automated rental accounting and online rental collection payments being integral components. The integration with Paysafe, scheduled to complete in Q3 2021, will allow property manager subscribers to the solution to streamline tenants’ monthly and ad hoc rent, storage, HOA fees and other payments via credit and debit cards as well as ACH and the Paysafecash eCash solution. All transactions will be processed seamlessly using Paysafe’s best-in-breed payment gateway.
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During the COVID-19 pandemic, North American tenants’ and renters’ payment preferences have increasingly shifted online. In 2020, over half (54%) of U.S. consumers and 44% of Canadians transacted online far more for goods and services like rent, according to Paysafe’s research, with credit cards their preferred payment method (56% of Americans and 67% of Canadians). Smart Property Systems’ partnership with Paysafe will therefore allow property managers to meet increasing demand from renters for safe and secure card-not-present transactions.
Subscribers of Smart Property Systems, which was last month recognized at the World Real Estate Conference (WRECONF) for ‘Excellence in Real Estate & Software’ and as one of the ‘Top 50 Companies in Real Estate & Construction’, will also benefit from Paysafe’s decade-long experience serving property management ISVs.
Carla Erlick, SVP of ISV Channel at Paysafe, said: “We’re excited to expand our presence in the U.S. and Canadian property management space and to partner with Smart Property Systems, whose innovative ISV solution recently won well-deserved industry recognition at WRECONF. With tenants continuing to favor the convenience and speed of online card payments for their rent, we look forward to supporting Smart Property Systems’ growth in the North American market.”
Timmi Ryerson, CEO of Smart Property Systems, commented: “My company has been looking for a payment processing company that can adapt to the somewhat difficult nuances of payment processing inherent in the property management sector. The partnership with Paysafe will provide good alternatives in payment methods as well as rapid settlements that will be of great benefit to customers, both subscribers and tenants, who use Smart Property Systems software to automate rent collection.”
