PayTo: the new, faster way to collect rent
You're already a Rental Rewards merchant. To start using PayTo, just let us know and we'll step you through it.
Why switch on PayTo
- Receive tenants' funds quicker
- Faster settlement for recurring rent
- Instant recurring and one-off bank account payments
- Stay compliant with government regulations by offering a fee-free payment method
- Built-in bank account verification
- Reduced fraud and unauthorised payments
- Use it for rent, deposits, arrears, maintenance, utilities, strata, ancillaries, and commercial and industrial rent
NSW agent? Visit our NSW Legislation Resource Centre.
Thanks, we'll be in touch
Our team will contact you to switch on PayTo. We reply Monday to Friday, 9am-5pm Sydney time.
PayTo compared with traditional bank account payments
| Feature | PayTo | Traditional bank account payments |
|---|---|---|
| Real-time payment approval, so no subsequent failures | Yes | No |
| Faster settlement for bank account payments | Yes | No |
| Built-in instant account validation | Yes | No |
| Reduced fraud with automatic account holder authorisation in the bank app or website | Yes | No |
| Tenants can see their direct debit agreements in their banking | Yes | No |
| Notifications when a direct debit agreement is paused, changed or cancelled | Yes | No |
| Use for recurring or one-off bank account payments | Yes | No |
Not ready yet and want to know more?
Contact your Rental Rewards Business Development Manager. Meet the team.