Tired of mailing paper checks? Here are eight benefits that tenants can enjoy when paying rent online with Zibo.
Mailing paper checks. Forgetting rent deadlines. Paying late fees. As a renter, you know that traditional payment methods come with many frustrations. But as technology improves, so should the renter experience. Today, 56% of all bills are paid online, but less than 20% of households pay rent online.
If you’ve ever used a platform like Venmo or Paypal, you’ve experienced the benefits of pivoting away from paper checks. Zibo is a financial platform built specifically for renters and landlords, offering a secure, streamlined rent payment process — plus an array of additional features for renters.
Ready to pay rent your way — anytime, anywhere, and on any device? Here are eight benefits tenants can enjoy when making online rent payments with Zibo.
After submitting a rent payment, the last thing you want to hear your landlord say is, “I never received it.” With Zibo, renters and landlords are both notified via email as soon as you’ve made a payment. You get instant confirmation when the payment is initiated and then another notification once it’s received — as well as peace of mind.
Our platform also maintains a record of all of your rent payments and security deposits. In the event of a discrepancy, you can easily log into Zibo and refer to proof of payment. When searching for future apartments, you can also share this rent payment history with prospective landlords to demonstrate financial responsibility.
With Zibo’s automated payments, you’ll no longer have to remember to make a rent payment every month — or worry about being charged steep late fees. Tenants can use Zibo to proactively schedule one-time or recurring monthly payments from their smartphone or computer.
This set-it-and-forget-it model protects your reputation throughout the entire rental process, ensuring that payments are always made on time. As one San Jose renter said, “I like that Zibo is free, secure, and makes my payments automatic every month. No more late fees for me!”
And if you’re not comfortable with automated payments, Zibo still helps you stay on top of your rent by sending you a notification ahead of your due date. In the event that you still forget to pay by the first of the month, Zibo’s online payments process within 1-2 business days so you can quickly make rent before your late fee deadline.
3. Advanced security to protect your dataIn the modern rental landscape, online rent payments are much more secure than paper checks. Imagine how easily a paper check could be stolen from your landlord’s doorstep or mailbox without you even realizing it. In fact, Identity theft protection company IdentifyForce notes that since paper checks feature your name, address, signature, and bank account and routing numbers, people should only use them sparingly.
As a safer alternative to paper checks, tenants can pay rent online through Zibo, which deposits rent directly into your landlord’s bank account in as fast as 1-2 business days. Zibo is as secure as it is convenient — and is built on the same secure payments platform trusted by leading companies like Amazon, DocuSign, and Lyft. Our state-of-the-art, bank-level security protects your data and transactions at all times, so you never have to worry about your rent payments or personal information falling into the wrong hands. Finally, Zibo will never share your personal information or bank account information with your landlords, or any other party. Bottom line: no one can access your information or your funds through Zibo.
Picture this. You’re on vacation, lounging poolside, when a sudden realization strikes: I forgot to mail my monthly rent check. It’s sitting on the counter back home.
With Zibo, it’s no problem. Through our platform, tenants can easily make online rent payments from their phone, computer, or tablet instead of being tied down to a physical checkbook. Pay rent online from anywhere, at any time, using any device — or, as we mentioned earlier, set your payments on autopilot for a whole new level of convenience.
We understand that everyone’s financial situation is unique — so with Zibo, you have options. Zibo gives renters the flexibility to pay rent online with a debit card, credit card, and or bank transfer. When using your bank account, Zibo is free! And if you use a credit or debit card, you simply pay a small 2.99% convenience fee.
For tenants who are looking to build credit, collect points and earn rewards, putting large payments like rent on your card can be an attractive option. And if you recently signed up for a new credit card, using it for your rent payments can help you meet the minimum spend required to receive a sign-up bonus. These credit card rewards can offset the 2.99% convenience fee.
Credit cards may also be a convenient payment method when funds are running low. If cash is tight one month, you have the option of putting your rent payment on a card and paying it off at a future date. You can also set your credit card as a backup payment method in Zibo to avoid late fees (which are often higher than the convenience fee for using a credit card).
Ultimately, your chosen payment method will depend on your financial situation and what makes most sense that specific month. Remember: whether you’re paying by debit, credit, or bank transfer, responsible financial planning is critical.
At Zibo, we want to set renters up for financial success. That’s why we partner with a company called Esusu. Founded in 2015, Esusu provides an easy way to report rent payments to the credit bureaus. This helps renters establish or build their credit score by demonstrating a history of on-time rent payments.
Zibo customers can sign up for Esusu through the Zibo Marketplace, which provides best-in-class tools for renters and their landlords. Use promo code Zibo2021 for an exclusive 10% Esusu discount — then start building your credit.
Even if your landlord doesn’t require it, you should consider getting a renters insurance policy. Renters insurance is a low-cost when to protect your belongings in case of theft, damage, or even injuries. Most renters insurance policies even provide coverage when these events happen outside of your home.
To help you get the right renters insurance coverage at the best price, Zibo partnered Sure, an online renters insurance provider that offers plans as low as $8 per month. Sure provides instant quotes and simplifies the process to get policies for personal property, personal liability, replacement costs, and more. Check out Sure and our other partners in the Zibo Marketplace.
Enjoy the benefits of online rent payments
Paying rent often feels like a chore (and a headache-inducing one, at that). Forget paper checks and first-day-of-the-month anxieties. Ready to join our growing community of tenants who pay rent online and on time? Start using Zibo’s secure rent payment platform today.
Interested in inviting your landlord to join Zibo so you can start paying rent online?