Letus embeds BlueSnap Payments to facilitate rental transactions
By Edlyn Cardoza
BlueSnap, a global payment orchestration platform whose embedded payments solution is used by many leading SaaS platforms, announced Letus has selected BlueSnap to power payments for their cloud-based platform for the property rental market. With BlueSnap’s embedded payments solutions, Letus can seamlessly facilitate global payments and provide greater flexibility for rental transactions.
Letus joins the growing list of SaaS customers leveraging BlueSnap’s embedded payments product, BlueSnap Relay™, a quick-to-market, Payfac-as-a-Service, white-label offering that shields organisations from risk while simultaneously letting them brand it their way. Through BlueSnap Relay™, Letus can offer better user experiences, global payments features and robust flexibility for rental payments. The partnership solidifies BlueSnap’s foray into a new SaaS vertical – cloud platforms for property rental markets.
“We were looking for a next generation partner to accelerate innovation in the payment and property management space and found it with BlueSnap. Their technology will support our vision to help tenants to always pay their rent on time and streamline the rent collection process for property managers,” said Jean-François Brissot, CEO of Letus. “We are eager to offer more payment flexibility combined with our unique Txt2Pay platform to transform the customer experiences through this integration.”
The embedded payment industry is booming as more SaaS platforms look to capitalise on the financial benefits of adding payments to their software platforms. The rental SaaS market is no exception, where adding payment capabilities increases the chances of collecting rent on time by providing users with multiple payment options within one platform. With a greater need for properties to receive regular and timely rental payments to maintain healthy cash flow, BlueSnap’s embedded payments solution will prime Letus for continued growth.
“We are excited to work with Letus to power greater payments versatility for the property rental market,” said Ralph Dangelmaier, CEO of BlueSnap. “This partnership comes at a pivotal moment in time, as rental prices across the United States hit a record high and over 43% of consumers pay their bills online, including the rent. We are eager to make an impact in this new vertical and look forward to driving payments innovation and flexibility with Letus.”
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