How to Pay Your Rent with a Credit Card

Paying your rent with a credit card is an excellent way to earn reward points, improve your credit score, and avoid late fees. The payment process may be quick and simple or somewhat complicated depending on who your landlord is.

Method 1 Paying Your Landlord Directly

1. Inquire whether your landlord accepts credit card payments. Some landlords, particularly those affiliated with large rental companies, accept credit card payments with little to no difficulty. Many small and independent landlords, however, do not because of the additional fees involved.

Even if your landlord does not accept credit cards, they may accept debit payments.

2. Inquire about any additional charges for credit card payments. Almost all landlords charge a fee for using a credit card to make a payment. Furthermore, some landlords charge a variety of small, hidden fees that you may be unaware of until you receive your billing statement.

The majority of landlords charge around 3% for each credit card transaction.

Some landlords may conceal additional fees in your rental agreement or the terms of service on their payment website.

3. If necessary, set up an online payment account. To make credit card payments, you may need to create an online payment account on your landlord’s official tenant management website. To do so, go to the website and look for a button labelled “Setup Account” or something along those lines. Then, to create your account, follow the on-screen instructions.

Even if tenants intend to pay in person or over the phone, some landlords require them to create an online account.

If you are required to do so, your landlord should provide you with the website address.

4. You can pay online at your landlord’s tenant management website. To pay your rent online, go to your landlord’s tenant management website, log in, and look for a button labelled “Pay My Bill” or something similar. To pay your rent, click the button and then follow the on-screen instructions.

5. If you want to pay over the phone, contact your landlord. The majority of large landlords allow tenants to pay their rent by calling an official customer service hotline. If your landlord’s system is automated, go to the payment or billing section and enter your personal and credit card information. If you end up speaking with a customer service representative, request that they walk you through the payment process.

Some landlords may accept payments via text message or a smartphone app as well.

6. If your landlord allows it, pay in person. If you live in a housing complex with an administration office, see if they can accept credit card payments. If they cannot, or if you do not live in a housing complex, inquire whether your landlord accepts remote payments from financial transfer centres such as MoneyGram.

Method 2 Making Payments through a Third-Party Company

1. Look for a rent payment service online. If your landlord does not accept credit card payments, consider joining a third-party rent payment company. These companies will convert your money into a form that your landlord will accept, typically a check or bank transfer, in exchange for a small processing fee. Among the most well-known rent payment companies are:

Plastiq, which charges 2.5% per credit transaction. Plastiq is the only major service that accepts prepaid cards and gift cards in addition to major credit cards.

Radpad, which has a 2.99% credit transaction fee.

Rentshare, which takes out an additional 2.99% for each credit transaction.

RentMoola, which charges 2.99% per credit transaction.

Tio, which has variable credit transaction fees.

2. Create an account for online payments. Once you’ve decided on a rent payment company, go to their official website and create an account. To sign up for most services, you will need to provide your full name, physical address, e-mail address, and phone number.

Some businesses only serve a specific geographic area. Giving your physical address up front assists these companies in determining if you are a qualified customer.

3. Link your credit card to your account. After you’ve signed up for an account, go to your profile and look for a button labelled “Add a Card” or something similar. Then, enter your credit card number, card name, card expiration date, Card Security Code (CSC), and billing address associated with the card.

The majority of rent payment companies accept Mastercard, Visa, Discover, and American Express.

If your company allows you to pay other bills in addition to rent, they may restrict your rent payment options to certain credit card brands.

4. Complete a payment recipient form. To make a payment, you must first fill out an official form stating who your landlord is and where you can find them. In some cases, you may be required to choose your landlord from a pre-approved database.

If you prefer to pay your rent to a person rather than a company, look for an option labelled “I’m paying a person” or something similar.

5. Submit your payment at least two weeks before the deadline. When you’re ready to pay your bill, look for a button labelled “Start a Payment” or something similar on your firm’s website. Click it, then follow the on-screen payment instructions on the website. Most companies will not transfer your money immediately, so try to submit your payment at least two weeks ahead of time.

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