Reader David let me know that WilliamPaid will be closing it’s doors on 11:59PM CST, March 5, 2015. WilliamPaid is a service that allows it’s customers to pay their rent with a credit card or debit card(they also had cash and bank account options). The problem with the service is that they charged a fee of 2.95% which made it cost prohibitive.
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Alternatives
If you still want to pay your rent using a credit card, there are a number of alternatives:
- RentMoola:
- Credit card payments are 2.75%
- Direct debit payments are free
- RadPad:
- Debit cards free for payments up to $5,000 (over $5,000 and it’s a flat $9.95)
- Credit cards are 2.99%
- RentShare:
- Credit card payments are 2.9%
- Bank account payments are a flat fee of $1.95
- RentTrack (Select landlords only)
- Credit card payments are 2.95%
- RentPayment.com (Select landlords only): Fees vary based on how much your landlord wants to cover
- PayYourRent.com (Select landlords only): Fees vary based on landlord
- Direct to landlord (Select landlords only). Surprisingly some landlords will now accept rent payments via credit card directly, fees vary.
I’m sure I’ve missed a few of the other options, so please let me know what they are in the comments.
Final Thoughts
Losing WilliamPaid as an option shouldn’t really be a problem, if you’re paying by credit card using RentMoola will be cheaper by 0.20%, which adds up quickly. If you’re paying by debit card the savings will be even more pronounced with RadPad not charging any fees as long as the rent is under $5,000.
I’m excited to see a bit more innovation in the rent payment market, it’s been pretty stagnant for a long time now. It’s also interesting that you can make a slight profit paying your rent with a credit card (you just need something that earns 2.75%+ cash back), this is even easier to do with a debit card although there are a lot less rewards earning debit cards on the market.
RentTrack lets you have your monthly rent payments reported to all three credit bureaus. You can sign up without landlord involvement (There is an option for property managers to easily collect rent online too.) You can use your credit card or an eCheck to pay online, then have the check mailed to your landlord. Check it out at RentTrack.com.
Hi Megan,
Is there a reason why you thought advertising RentTrack here was appropriate? The comments section is for readers to discuss a post, not for companies to advertise a competing service.
Feel free to delete my comment if you feel it is not appropriate for this message board. I was trying to answer Crystal’s question above about whether or not any of the alternatives do report to the credit bureaus.
Do any of the alternatives report to the ceditors?
The fees for SimplifyEM are:
Credit Card: 3.5%
ACH/Bank to Bank Transfer: $3/transaction up to 10 transactions, $1/transaction after 10 transactions
Can you link me to somewhere on the site where it talks about credit cards being accepted?
Amanda from SimplifyEm. SimplifyEm Pay Rent is another alternative service available to WilliamPaid users. It offers free setup and support help. You can sign up for it at
SimplifyEm Pay Rent
I don’t see anything about allowing credit card payments, only the ability to pay via ACH? If you do allow credit card payments, what fees do you charge?
Can i use rentmoola like radpad? What do they mean by “direct debit”
Direct debit isn’t a debit card, they mean an ACH transfer or direct deposit.
I didn’t even realize Williampaid was still around! I used it for quite a while with Amex GC’s, netting a small profit plus points.