LOS ANGELES--(BUSINESS WIRE)--RadPad, the leading end-to-end mobile rental marketplace, now offers its customers access to Apple Pay™, a new category of service that transforms mobile payments with an easy, secure and private way to pay.
By Integrating Apple Pay with RadPad’s Pay with RadPad feature, renters with an iPhone® 6, iPhone 6 Plus, and coming soon Apple Watch™, can pay and split rent the same way they pay for coffee at their neighborhood Starbucks. Using the “My Rent” button renters enter what they pay each month for rent, its due date and their landlord’s information. They then simply tap Apple Pay as their payment option, one touch pay with Touch ID and RadPad ensures that the renter’s rent is paid on time every month, even if their landlord isn’t signed up for the service.
Pay with RadPad users can set up a re-occurring rent payment in about 90 seconds. In addition, renters with roommates can also pay their rent together. Once a roommate signs up they can invite other roommates to pay rent together via text and email. After the invite is accepted, RadPad links the roommates rent together, giving each roommate the ability to see the other roommate’s payment status. When RadPad sends the rent payment to the landlord, the names of roommates who successfully paid on RadPad will be included with the payment so the landlord knows whom the rent came from.
Security and privacy is at the core of Apple Pay. When you add a credit or debit card to Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code, instead of using the security code from the back of your card.
“Renters can finally retire their checkbooks, and conveniently and securely make one of their largest monthly payments with RadPad offering Apple Pay," said Jonathan Eppers, co-founder and CEO of RadPad. “Approximately $350 billion in apartment rent is paid with a cash or check annually and until recently more than 90 million renters in the U.S. couldn’t pay their rent using a credit or debit card. We believe millennial renters want an easier more flexible way to pay their rent every month and Pay with RadPad enables them to pay any landlord, at any time, right from their phone.”
Apple Pay is easy to set up and renters will continue to receive all of the rewards and benefits offered by credit and debit cards. For renters using RadPad across the U.S., Apple Pay works with iPhone 6, iPhone 6 Plus and Apple Watch, upon availability.
For more information on Apple Pay, visit: http://www.apple.com/apple-pay/
About RadPad
RadPad is the leading end-to-end mobile rental marketplace. Born out of the frustration of finding a cool place to live, Jonathan Eppers, Tyler Galpin and Tim Watson launched RadPad in January 2013, and it has quickly grown to become the largest rental service in Los Angeles, Washington DC & Chicago among millennial renters. With $4M in funding to date from investors including SG VC, L.P., Social Leverage L.P. and Michael Huffington, RadPad has expanded its physical presence to San Diego, San Francisco, Miami and Houston, and is available to use for all renters across the US.
