Payment types

Lockbox

PropertyBridge's Lockbox solution allows property management companies to streamline rent payment processing by accelerating the collection and posting of payments and reducing mail and processing costs. Paper checks are collected at regional processing centers and payment status is reflected in the PropertyBridge application.

Benefits:

• Integrates payments seamlessly into leading property management accounting systems
• Reduces the costs of processing paper checks by eliminating data entry and trips to the bank
• Offers a single, integrated view of all payments across the portfolio
• Improves cash management with next day funding and payments captured in real time
• Offers a proven return on investment with customized marketing and support to drive adoption
• Provides a convenient payment method for residents - pay anytime, anywhere
• Offers a flexible, web-based interface with payment types and channels tailored by community
• Ensures that all payments are fully compliant and secure
• Provides a highly competitive rate structure based on unique relationships with leading financial services organizations

How Does it Work?

• Resident mails payment to processing center

• Payment is processed as an Automated Clearing House (ACH) transaction

• Transaction appears in the PropertyBridge application

• Funds are deposited in property management company’s bank account

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