March 12, 2015
RadPad, one of the leading end-to-end mobile rental marketplaces, 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 Apple Watch that’s on its way, 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 recurring rent payment in about 90 seconds. In addition, renters with roommates can also pay their rent together. Once a roommate signs up, he 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 roommates’ payment status. When RadPad sends the rent payment to the landlord, the names of roommates who successfully paid on the RadPad will be included with the payment so the landlord knows who the rent came from.
Security and privacy are 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.
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.