People may wonder why there's a RentPay subscription cost.
Everyday Australians are feeling the pinch from skyrocketing housing prices and ever-increasing cost of living expenses. People are scaling back on social activities, limiting how many takeaway coffees they have every week, giving up their smashed avocado breakfast, going without, or even taking on multiple jobs and side hustles to make ends meet.
We understand the financial stress renters are feeling right now, especially how renting can make it so hard to save and plan for the future. Some renters feel like they’ll never get ahead or be able to afford their own home.
Having a better grasp of how you manage your finances for the things you need to pay is definitely one of the first things you can look at. When it comes to renting, people typically consider how they can reduce the amount of rent they need to pay by compromising on the property size, condition and/or location.
However, there are other ways to make renting where you want to live work for you—such as improving how you pay your rent. That’s why RentPay was created: to transform how you pay rent and make it financially work better for you.
RentPay's $2 monthly subscription is needed to help cover the cost of providing this service for things like moving money around, having an Australian-based customer support team, maintaining our app, and more.
RentPay is an innovative, safe and simple to use rental payment platform and digital wallet that gives you more control, flexibility and choice in how you pay rent.
It gives you peace of mind that your rent is always paid on time, with total flexibility on how and when you choose to make payments into your digital wallet.
RentPay is also packed with features and benefits to help Aussie renters. These include ways to save more money, build up an emergency buffer, and access a line of credit while improving their credit score.
The best part is that RentPay works without needing your agent's approval to sign up. We make life easier for renters while fitting in perfectly with your property management agency’s requirements.
Alternatively, agencies may ask tenants to sign up to RentPay as their preferred rental payment system to make collecting and receipting rent payments easier and more accurate.
The $2 monthly RentPay subscription was priced intentionally low to make it accessible to as many renters as possible—to give renters a fairer go. This $2 covers the costs associated with moving renters’ funds, and allows for an unlimited number of direct debits and PayID transactions in a month.
Please note that transaction charges may apply for various payment methods, and fees apply for RentPay’s optional Scorebuilder feature.
Important note: If you signed up to RentPay directly, the $2 monthly subscription applies. If you've been invited by your property management agency to join RentPay, the monthly subscription fee doesn't apply and transaction fees may vary.
The RentPay subscription is deducted one month after you sign up, giving you one month’s free trial period.
RentPay users aren’t locked into minimum periods or lock-in contracts.
When you’re already paying more rent than you want to (not to mention the cost of everything keeps going up) you may ask why the heck would you pay $2 monthly RentPay subscription?
The features offered exclusively to RentPay users provide opportunities to better manage your rent payments, supercharge credit card points, unlock shopping rewards, smooth out big energy bills, plus more.
RentPay can help you save on some non-negotiable expenses, the ones that you can’t get away with (such as grocery shopping and essentials) to put more money back into your RentPay wallet. Then it’s up to you whether you decide to put the extra funds towards your rent, other costs or maybe even a holiday!
Combining one or more of the benefits available to RentPay users essentially offsets (and more!) the $2 monthly subscription. Savvy users are recouping the RentPay subscription cost, with some making the most of the features and benefitting to the tune of hundreds of dollars per year.
How are RentPay users making the most of the features and reaping maximum savings, rewards and benefits through the platform?
We’ve demonstrated a few example RentPay user scenarios to give you some ideas—feel free to copy or tweak to suit your own personal situation!
You might also like:
> Save money with Paylab shopping rewards
> Build a savings nest egg with RentPay buffer
> Boost your credit score with RentPay’s Scorebuilder
