Collecting Payments Has Never Been So Easy

Accepting online payments is no longer a thing of the future, but simply a matter of doing it efficiently and inexpensively. Credit card payments do not necessarily meet that challenge.

The least expensive and easiest to implement for you and your residents are electronic check (“ACH”) payments. Using a simple 365 Resident Services Portal enhancement, the management team can quickly start accepting ACH transactions which are processed through our payment processing partner, Payment Service Network (PSN). A pioneer in the first truly all-electronic check and now in its 10th year, PSN’s core business focus is multifamily housing. The PSN Team understands rent payment challenges and together with 365 Connect has developed an easy and affordable online payment solution in response to meeting those challenges.

It takes enormous human resources to process paper checks. The more residents that pay online, the more staff time is freed up for more business-enhancing tasks. But that is only the tip of the iceberg. E-Payments move more quickly through the financial network resulting in improved cash flow with funds being cleared faster than a paper check. You will also receive NSF notifications in much less time than traditional paper check deposits. PSN also gives you the option of passing on the transaction fee to your resident or absorbing the fee internally. Residents also enjoy benefits such as paying remotely, maintaining a history of rent payments and setting up auto-payments from checking or savings accounts.

PSN’s e-Check Solution can be as uncomplicated as processing e-checks through the ACH system and depositing funds into your account or as sophisticated, yet easy, as integrating with your software for automatic posting of payments in your ledger. Regardless of which level of service you select, you have full visibility and control over the e-Check Solution through your PSN Account Management Center (AMC).

With residents seeking technology tools that add convenience to their daily activities, the PSN e-Check Solution offers a robust payment engine to bundle with the 365 Resident Services Portal, thereby creating a seamless process for residents to pay rent, make service request and communicate with management. It is the ultimate environment for property managers to reducing operating costs, increase efficiency and improve cash flow.