Introducing StakePay 3.0: with revenue share
StakePay 2.0 works with any payment portal. It delivers Cash Back on any payment made with Stake Checking.
However, we kept hearing three things from rental owners and operators about their current payment solutions, and why they wanted something stronger, faster, and more powerful:
- While many payment portals are free to owners, they want to share in revenue from payment processing. (It’s their pier, why shouldn’t they be able to fish off it?)
- Clearance times are too long, up to 3 to 5 business days for money to arrive in the rental communities bank accounts. (In a high-interest rate environment this is crucial to make mortgage payments.)
- Today’s payment processors are often dumb, just moving money, not solving for the real challenges rental communities have today: delinquencies, fraud, collections, renewals and even administer leasing incentives.)
Stake acquired Circa to bring high-performance, end-to-end, payments to the rental communities as was announced earlier this year.
Now, with the combined teams, we are proud to launch StakePay 3.0: With Revenue Share
StakePay 3.0: with revenue share is a powerful, performance, solution for rental to deploy across their entire portfolio:
- All payments come standard:
- Stake Checking (free to renter, Cash Back to renter)
- Credit Card (fee to renter)
- Debit Card (fee to renter)
- ACH (free)
- and 40,000 cash payment locations (first payment free)
- Revenue share to the rental community on all out-of-network fees
- Free Cash Back to renters on all payments made with StakeChecking
- Blazingly fast clearance
- 1 business day clearance on all StakeChecking payments
- 2 business day clearance on all payments
- Messaging and free-CRM to all residents
- Text
- Drop voicemail
- Optional: call-center
- End-to-End Payment Performance
- Manage lease concessions, move-in bonuses
- Cash Back for paying on-time to reduce delinquency
- Get Current messaging and payments to tackle collections
- Renewal notices and incentives to increase retention
- Soc2 Compliant, enterprise grade banking security, and PCI complaint
We believe in choice: Stake Network Properties can choose between StakePay 2.0: For Portals, and StakePay 3.0: With Revenue share. Both come with Cash Back, but now StakePay 3.0 solves for the big problems we believe are haunting many rental communities, while giving them a new revenue stream.
It is another win-win from Stake for renter — who earns Cash Back — and rental community — who unlocks new revenue.
Contact us to learn more about StakePay 3.0