Paysafe expands partnership with RentMoola to offer eCash payment for U.S. tenants

By Pavithra R

Paysafe, a leading integrated payments platform, announced expanding its partnership with North America’s RentMoola Payment Solutions (RentMoola), a FinTech SaaS platform in the real estate industry.

Built on the heels of its long-standing payment processing partnership with Paysafe, RentMoola has integrated Paysafecash eCash alternative payment method to serve U.S. tenants whose payment preference is cash.

“We’re delighted to continue to expand our Paysafecash™ solution’s presence in the U.S. in partnership with RentMoola. Ongoing cash loyalty in the American rental market suggests our eCash product will significantly facilitate payments for cash-focused renters as well as their landlords,” said Udo Müller, CEO of Paysafecard, the team behind Paysafecash at Paysafe.

Paysafecash provides a user-friendly solution to cash-focused renters regardless of their comfort with technology. The integration will allow the RentMoola platform, which has leveraged Paysafe’s payment gateway to process card payments since 2012, to cater to the needs of renters favouring cash. The eCash solution will help RentMoola serve tenants with lower access to credit and debit cards. When selecting Paysafecash as the payment method in the RentMoola platform, tenants will generate a barcode that can either be stored on their mobile device or printed.

“This is the time for compassion and collaboration, a time for us to revisit the status quo and find ways to make the current financial system more inclusive. It is up to companies like us to find solutions to improve the lives of our customers,” said Karthik Manimozhi, CEO at RentMoola.

Paysafe is a leading global provider of end-to-end payment solutions. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, card issuing and online cash solutions.