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Paysafe partners with Smart Property Systems in North America
Jul 19, 2021
SaaS platform to plug into Paysafe’s integrated payments solution to streamline rent payments for property managers in U.S. and Canada
Houston, Texas – Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced a new independent software vendor (ISV) partnership with Smart Property Systems, a state-of-the-art software as a service (SaaS) provider for property management. The Smart Property Systems platform will embed Paysafe’s credit and debit card, ACH and eCash payment solutions to enable North American property managers to offer tenants frictionless digital transactions for their rent payments.
The Smart Property Systems solution supports the complete rental cycle for residential, commercial, mini storage, mobile home parks, and condominium and housing associations, with automated rental accounting and online rental collection payments being integral components. The integration with Paysafe, scheduled to complete in Q3 2021, will allow property manager subscribers to the solution to streamline tenants’ monthly and ad hoc rent, storage, HOA fees and other payments via credit and debit cards as well as ACH and the Paysafecash eCash solution. All transactions will be processed seamlessly using Paysafe’s best-in-breed payment gateway.
During the COVID-19 pandemic, North American tenants’ and renters’ payment preferences have increasingly shifted online. In 2020, over half (54%) of U.S. consumers and 44% of Canadians transacted online far more for goods and services like rent, according to Paysafe’s research, with credit cards their preferred payment method (56% of Americans and 67% of Canadians). Smart Property Systems’ partnership with Paysafe will therefore allow property managers to meet increasing demand from renters for safe and secure card-not-present transactions.
Subscribers of Smart Property Systems, which was last month recognized at the World Real Estate Conference (WRECONF) for ‘Excellence in Real Estate & Software’ and as one of the ‘Top 50 Companies in Real Estate & Construction’, will also benefit from Paysafe’s decade-long experience serving property management ISVs.
Carla Erlick, SVP of ISV Channel at Paysafe, said: “We’re excited to expand our presence in the U.S. and Canadian property management space and to partner with Smart Property Systems, whose innovative ISV solution recently won well-deserved industry recognition at WRECONF. With tenants continuing to favor the convenience and speed of online card payments for their rent, we look forward to supporting Smart Property Systems’ growth in the North American market.”
Timmi Ryerson, CEO of Smart Property Systems, commented: “My company has been looking for a payment processing company that can adapt to the somewhat difficult nuances of payment processing inherent in the property management sector. The partnership with Paysafe will provide good alternatives in payment methods as well as rapid settlements that will be of great benefit to customers, both subscribers and tenants, who use Smart Property Systems software to automate rent collection.”
About Paysafe Limited
Paysafe Limited (“Paysafe”) (NYSE:PSFE) (PSFE.WS) is a leading specialized payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualized transactional volume of US $92 billion in 2020, and approximately 3,400 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.
About Smart Property Systems
Smart Property Systems, located in picturesque Sun Valley, Idaho, provides software as a service for property management. Data is stored in the cloud, giving the user access to valuable, current information about their properties from any internet connection, anywhere in the world. SPS provides a robust basket of tools which make the management of investment property almost automated. Code for this award-winning company platform was developed in 2004 and has been constantly upgraded and improved since inception. Further information is available at https://smartpropertysystems.com/.
For further information about Paysafe, please contact:
Nick Say, Manager, Corporate Communications, North America
T: +1-514-452-8747; E: Nick.Say@Paysafe.com