Online Rent Collection — 3% + Platinum $5/mo
Collect rent automatically with smart reminders, late fee enforcement, and real-time tracking. Landlords pay a 3% platform fee after Verify ($5) or Platinum. Renters pay no extra ACH fee, or 2.9% + $0.30 for cards.
Landlord 3% platform fee · Renter ACH: no extra fee · Card: 2.9% + $0.30 · Funds in 2 business days
Everything You Need to Get Paid
Built so rent collection runs itself — even when you're not watching.
Automatic Recurring Payments
Tenants set up autopay once and rent hits your account every month — no chasing, no excuses.
Smart Payment Reminders
Automated reminders go out 3 days before and on the due date. Late payments drop significantly.
Automatic Late Fees
Set your grace period and late fee on the lease. Late fees are added to the amount due — they are not a separate auto-charge unless the renter is on autopay that goes past due.
ACH Bank Transfers
Funds transfer directly from tenant's bank to yours. Secure, fast, and no credit card fees.
Instant Receipts & Ledger
Every payment auto-generates a receipt for your tenant and logs to your income ledger instantly.
Multi-Property Dashboard
See all properties, all units, and all payment statuses at a glance — paid, pending, overdue.
How we compare
3% platform fee on Free and Platinum — no leftover $3-flat processing story.
| Feature | VerticalRent | TurboTenant | Apartments.com |
|---|---|---|---|
| Bank transfer fee | No extra renter fee | $0 (limited) | Free (ads-based) |
| % of rent fee | 3% platform fee | Varies by plan | N/A |
| Autopay | Yes | Yes | Yes |
| Automatic late fees | Yes | Yes | Limited |
| AI lease generation | Platinum | No | No |
| Tenant screening | Any report is 1 credit ($5) | Fee to landlord | Fee to landlord |
| Multi-property dashboard | Yes | Yes | Limited |
Comparison based on publicly available information as of 2026. Features may vary by plan.
Up and running in minutes
Four steps and rent collection is completely automated.
Connect Your Bank
Link your bank account via Stripe Connect in minutes. Secure, encrypted, verified by Stripe.
Invite Your Tenants
Tenants receive a link to add their payment method — bank account or debit/credit card.
Set the Schedule
Define the due date, grace period, late fee amount, and autopay rules on each lease.
Rent Arrives Automatically
Funds hit your bank within 2 business days. Your ledger updates the moment payment is made.
Two ways renters can pay
Landlords pay a 3% platform fee after Verify ($5) or Platinum. Renters pay no extra ACH fee, or Stripe's card convenience rate.
Bank Transfer (Stripe Link)
Most PopularDirect bank-to-bank. No extra renter fee. Landlords pay the 3% platform fee.
Credit / Debit Card
InstantVisa, Mastercard, Amex, Discover. Renters pay Stripe's 2.9% + $0.30 convenience fee.
Stripe Powered
PCI-DSS Level 1 certified payment processing. The same infrastructure used by Amazon and Shopify.
Encrypted Data
All bank account information is encrypted end-to-end. VerticalRent never stores card or routing numbers.
2-Day Settlement
ACH payments settle in 2 business days. No delays, no holds, no surprises — just rent in your account.
Rent Collection Questions
How does online rent collection work?
Connect your bank via Stripe, invite tenants to link their payment method, and set the due date and autopay rules. Rent is collected automatically and deposits to your bank within 2 business days.
What is the fee for online rent collection?
Landlords pay a 3% platform fee on collections after Verify ($5) or Platinum. Renters pay no extra ACH fee, or 2.9% + $0.30 for cards. We don't hide a $3-flat processing story.
Can tenants set up autopay?
Yes. Tenants enable autopay once and it runs every month automatically. No action needed from you or the tenant each month.
How long does it take for rent to hit my bank?
ACH payments arrive within 2 business days. Card payments confirm instantly, with funds arriving within 2 business days.
Is online rent collection secure?
Yes. All payments are processed by Stripe — PCI-DSS Level 1 certified, the highest payment security standard. Bank data is encrypted and never stored on our servers.
What if a tenant's payment bounces?
You're notified immediately and the tenant is alerted. Late fees are added to the amount due if the lease has a late fee. The tenant resubmits their payment.
Stop chasing rent. Start collecting it.
3% landlord platform fee after Verify ($5) or Platinum. No extra renter ACH fee, or 2.9% + $0.30 for cards. Platinum from $5/mo.
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