RentPay

RentPay is a rental-payment platform for tenants who pay rent to an agent. Users can set weekly, fortnightly, or monthly deposits and pay with bank transfer, PayID, BPAY, debit or credit card, PayPal, Alipay, WeChat Pay, or UnionPay. RentPay can debit funds on payday before rent is due, and cleared account funds earn 2.50% p.a. before transfer to the agent's trust account. The free account has no monthly, signup, or money-sending fee, but charges apply to some payment methods: 1.15% for debit or credit cards, 1.75% for PayPal, 1.50% for Alipay or WeChat Pay, 2.20% for UnionPay, and $1.00 for BPAY. The wallet limit is $9,999, and interest is calculated on balances up to $9,500. Other services include bill smoothing, Paylab rewards of up to 15% at more than 140 Australian retailers, and Scorebuilder, which reports account status monthly to illion. RentPay is available on Android, iOS, and web. Users can view rental payment history in the app, but cannot download it.

RentPay offers scheduled rent payments, multiple payment methods, and related services for eligible tenants. Review the payment-method charges, eligibility restriction, and wallet limits before using it.

It suits tenants who rent through an agent and want scheduled rent payments or bill-smoothing options. RentPay is not currently available to tenants renting from private landlords.

RentPay is a tenant-focused service for scheduling rent deposits and paying an agent through several bank, card and digital-wallet methods. It fits renters who want rent funding aligned with payday and who may also use bill smoothing or credit-building tools. The free account is compelling for bank-transfer users, but fees on some payment methods and agent-only eligibility limit its reach.

Overview

RentPay lets eligible tenants schedule weekly, fortnightly or monthly deposits, then pay rent to an agent when it falls due. It is not designed for tenants who pay a private landlord directly. The service operates on Android, iOS and the web, with a tenant payment portal, autopay and payment reminders. Payments to agents can work alongside existing trust-accounting software through BPAY/DEFT or bank-transfer/OSKO flows, with same-day payout timing.

Key features

Funding options include bank transfer, PayID, BPAY, debit or credit card, PayPal, Alipay, WeChat Pay and UnionPay. That breadth helps when a tenant needs an alternative to a standard transfer, although card and wallet payments add charges. RentPay can debit funds on payday before rent is due, which is particularly useful for people paid on a regular cycle.

Cleared money in the RentPay account earns 2.50% p.a. before being sent to the agent’s trust account. Interest is calculated on balances up to $9,500, and the wallet cannot exceed $9,999, so this is a modest benefit for rent funds in transit rather than a high-capacity savings account.

Bill smoothing spreads payments to any Australian bill provider across weekly, fortnightly or monthly contributions. Paylab offers rewards of up to 15% at more than 140 Australian retailers, with rewards transferable to RentPay. Scorebuilder reports account status monthly to illion and repays drawn funds over four fortnights by automatic direct debit; its recurring and missed-payment fees mean it should be treated as a separate credit product, not free rent assistance.

Funds are held in an Australian bank trust account. RentPay says it is PCI compliant, audits its security practices annually and stores personal and payment data in a high-security data centre. Australian-based support is available by phone, email and live chat Monday to Friday, 8:30am to 6:30pm AEST. Payment history is viewable in the app, but it cannot currently be downloaded.

Pricing

RentPay account

The core account costs nothing, with $0 to sign up and $0 to send money. BPAY costs $1.00 per payment. Debit and credit cards cost 1.15%, PayPal 1.75%, Alipay or WeChat Pay 1.50%, and UnionPay 2.20%. Bank-transfer and PayID users avoid the listed transaction charges, making this plan strongest for tenants who can use those methods.

Scorebuilder

Scorebuilder has a A$5 one-time application fee, up to $500 credit, a $1.50 monthly account fee, a $4.00 fortnightly usage fee while a balance is outstanding, and a $15.00 missed-payment fee. It may suit tenants specifically seeking monthly illion reporting, but the cost structure makes disciplined repayment essential.

Platforms

RentPay runs on Android, iOS and the web. Its same-day agent payout and portal-based reminders suit renters managing payments across devices.

Who it's for

Choose RentPay if you rent through an agent, want deposits matched to your pay cycle, and value multiple payment rails or supplementary bill and rewards features. It is a poor fit for private-landlord arrangements, users who need downloadable payment records, or anyone unwilling to absorb card, wallet or Scorebuilder charges.

Pros and cons

• Pros: Flexible weekly, fortnightly and monthly scheduling; payday debits; broad payment-method support; 2.50% p.a. interest on qualifying balances; bill smoothing, Paylab rewards and optional illion reporting; same-day agent payouts; Australian-based support.
• Cons: Agent-only eligibility excludes private rentals; several payment methods carry fees; interest is limited to balances up to $9,500 and the wallet to $9,999; Scorebuilder adds ongoing and missed-payment charges; payment history cannot be downloaded.

Alternatives

Rentberry is a better choice when you need tenant services such as rent negotiation, maintenance requests, property-tour requests and eSign storage on its free plan.

Baselane Rent Collection suits users wanting free banking and bookkeeping essentials with automated rent, reminders and late fees, plus a paid Smart tier.

RentMerchant is aimed at property operators: its free plan covers up to three properties, while Pro adds unlimited properties and units.

NAB Easy Tap fits merchants who need pay-as-you-go Visa, Mastercard and eftpos acceptance without setup or terminal-hardware fees.

RentRedi offers Android and iOS rental tools, with a free plan for up to two properties and paid expansion.

NoBroker Rent Collection is another paid rent-collection option on Android and the web.

RentPayment is better suited to operations seeking custom plans for one to 750 units or larger portfolios.

Zego Utility targets multifamily utility accounts payable, auditing and cost recovery rather than tenant rent scheduling.

See more options in Rent Payment Software.

Verdict

RentPay is a sensible choice for agent-managed tenants who want payday-aligned deposits, same-day disbursement and flexible ways to pay, especially by bank transfer or PayID. Look elsewhere if you rent privately, need exportable records, or expect frequent card and wallet payments whose fees can outweigh the convenience.