Online payments with LivingRoom
26 May, 2018
One of the cornerstones of the LivingRoom app is the ability for a landlord to accept payments online from tenants. We believe we’ve built the simplest online payment system possible.
Paying rent online should be easy
Managing a property is hard enough. We just want to make it a little easier.
At LivingRoom, one of our core principles is simplicity. Managing a property is hard enough, we just want to make it a little easier. For both tenants and landlords; paying rent on LivingRoom is very easy.
For a landlord:
When you log into your account, you can clearly see a highlighted section for “finances”.
Clicking on this card will bring up a form that allows you to handle rent payments online. You will need to enter some basic information, such as your name, address, bank account name, among others. After submitting your basic information, you must fill out a form specifying your bank account to receive funds. We partner with stripe to process payments online, so you never have to worry about the safety of your data. Stripe is trusted by the likes of Lyft, Slack, and other very large companies. Once you fill out your banking info, you’re all set! You’re ready to accept payments online.
For a Tenant:
Once your landlord adds their banking information, you’re ready to make online rent payments.
When you log in, you can click on a card to enter your banking information. Again, this information is extremely secure. Merely select your bank from the list, enter credentials, and click submit. Then select the account you wish to pay from, and you’re all set.
When a tenant makes a payment online. Stripe processes this payment for us. We are alerted whenever payments are created, updated, and marked as succeeded. When payments succeeded, they are transferred to your account (minus a 1% service fee) within 3 business days.
To check on the progress of your transfer. Click on the finances card in your company dashboard. Form here, you can see payments, future transfers, and last transfers. All your data, laid out for you.
With LivingRoom. Handling your finances are very simple.