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Rental Payments Made Fast, Easy & Secure

What is PayTo?

PayTo is a bank to bank payment method that authorises agents to take real-time, pre-authorised, and secure payments directly from tenants’ bank accounts. 

PayTo Key Features

Real-Time Payments

  • PayTo processes payments instantly, and hits your bank account quicker.

Enhanced Security

  • Payment mandates must be authorised in a tenant's banking app, ensuring tenant consent is verified and reducing risks of fraud and unauthorised payments.

Simplified Payment Management

  • PayTo enables you to automate recurring payments and handle one-off transactions with ease, all within the secure digital environment of the customer’s banking app.

Centralised Secure Digital Storage

  • PayTo agreements are stored digitally, ensuring easy access and reducing the administrative burden of manual storage and reconciliation.

Eliminate delays, reduce fraud risks, and simplify payment management by automating transactions and storing agreements digitally and securely  with PayTo.

PayTo Benefits For Your Business

Increase Payments Success Rate

  • With real-time account validation and pre-authorised payment agreements, you can be confident that payments will be processed correctly, reducing the risk of missed payments.

Process Payments Faster

  • PayTo real-time payment system helps improve your cash flow and processing efficiency by confirming payment outcomes instantly.

Reduce Administrative Work

  • No more paper-based agreements and manual reconciliation. PayTo offers centralised and secure digital storage for all payment agreements. This means less administrative burden and reduced overheads.

Improve Tenant Relationship Management

  • Receive notifications when a tenant pauses, changes, or cancels a PayTo agreement. Reduce exception processing and improve your tenant relationship management,

Enhance Data Privacy

  • PayTo allows the use of PayID, ensuring your tenants personal information and account details stay private.

Provide Seamless Payment Experience

  • Tenants can view, set up, authorise, and manage PayTo agreements directly within their online or mobile banking apps, ensuring a smooth and secure payment process.

How does PayTo work?

1. Set Up an Agreement

You and your tenant agree to a PayTo agreement, which defines the payment terms (amount, frequency, etc.).

2. Tenant Authorisation

The PayTo agreement is then sent to your tenant’s bank, where they authorise the payment within their internet or mobile banking app.

3. Payment Processing

Once authorised, you can debit the tenant’s account in real-time as per the PayTo agreement’s terms.

With instant processing, clear payment data, and seamless tenant experience, PayTo boosts your cash flow and improves overall processing efficiency, making it the smarter choice over traditional methods like Direct Debit.

Why Choose PayTo Over Traditional Direct Debit?

No Upfront Account Validation

PayTo offers real-time account verification at the time of agreement setup, reducing the uncertainty of receiving payments.

Faster Payment Processing

Direct Debits take time to process; PayTo provides faster, real-time settlement of funds.

Clearer Payment Data

PayTo agreements contain more data and provide real-time updates, making reconciliation easier.

Better Payment Experience

With real-time notifications and the ability to manage agreements via their banking app, tenants enjoy a more transparent and frictionless payment process.

GET IN TOUCH TO LEARN MORE

Rental Rewards offers real estate agents and developers a superior, hassle-free rent collection solution with 20 years of industry experience. Supporting Apple Pay, Google Pay, PayID, PayTo, Amex Pay with Points, cards, digital wallets, and bank accounts, it ensures tenants can pay their way. Enjoy automatic reconciliation, bank account verification, no cost to agents, and top-tier security with a no-chargeback guarantee. As a PCI DSS Level 1 compliant service, it provides the highest level of security. Tenants earn Qantas Frequent Flyer points and Ambassador Membership Rewards, enhancing satisfaction and loyalty.

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