Payment types

Cash Services

The PropertyBridge Cash Services solution is the first strategic solution to address a costly problem for property management companies — handling money orders and cash in community offices.

To date, the multihousing industry has had no choice but to accept money orders and cash from residents that do not have bank accounts. In certain regions, as many as 25% of residents pay their rent by cash or money order resulting in significant processing costs and risk for property managers. Manual entry of payments data and trips to the bank can also be a major drain on community manager productivity.

Our Cash Services solution allows residents to electronically send their rent payment to the property management firm through more than 30,000 MoneyGram® agent locations across the U.S.

With this unique solution you’ll save time by integrating each rent payment into your accounting and business systems. Plus, the fraud issues and data entry errors are eliminated by removing money order and cash payments from community offices.

How Does it Work?

• Resident visits MoneyGram agent location to send rent in cash

• Payment appears in PropertyBridge application

• Resident takes receipt as proof of payment

• Property management firm receives electronic payment

Property Manager Benefits:

• Get paid faster - your account is funded faster than through manual processing

• Reduce fraud - removing cash and money orders from community offices reduces risk

• Enhance productivity - reduce trips to the bank and the amount of data entry

• Improve reconciliation, reporting and visibility - track payments across your portfolio in real time

• Streamline operations - payments are seamlessly integrated into most accounting systems

Resident Benefits:

• Save money - residents may not have to purchase multiple money orders to cover their rent

• Convenience - residents can pay their rent virtually anywhere, even while grocery shopping

• Save time - residents don’t have to travel back to the community office to drop off their rent

• Peace of mind - residents receive receipt with confirmation of payment

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