RadPad On Paying Rent With Credit Cards, The Future Of Mobile Payment
App allows renters to make payments to even the most anti-tech landlords
According to the co-creator of the mobile apartment finder, 60 percent of all renters in 2013 started looking for new homes by searching through such an app. Recently, the same company launched an innovative mobile payment service for its users, founded on the belief that the way we live and make payments — but also how we find and pay for our living spaces within the $400B U.S. rental industry — has already begun to change.
In the few months since its launch, Pay with RadPad has reportedly helped renters in 44 states pay their rent ($1600 per month, on average) via the mobile app, and is expected to process $6 million in rental payments within the month of February.