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Ron rents out several units in a building he owns to tenants. He collects rent from tenants monthly.
Ron uses his MasterPass business app to set up an account to deposit all rent payments.
Ron uses the app to quickly enter his tenants information based on lease and unit type.
Charge tenant $1500 on the 1st of every month
Each tenant with the MasterPass app receives notification of a due payment to their device.
Tenants can pay for rent directly through the app with the tap of a button. The designated card / account are charged.
Pay monthly rent: $1500
Ron receives instant notification that a tenant has paid their rent and his account updates to reflect the payment.
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