What is a convenience fee?
RentPayment pays fees to credit card companies for every transaction processed through our website. Our services provide Renters with a fast and easy way to pay their monthly rent using E-check, Visa, Mastercard, or Discover. The convenience fee helps RentPayment to continue to offer you these services.
A convenience fee (or surcharge fee) is one of the ways to profit from the operation of your Monitex system. It is a fee added to a consumer’s bill in return for the convenience of using a debit card for either the purchase of goods and services or the disbursement of cash-back. The decision of what to charge or whether to charge at all is completely up to you an you get 50% of this revenue turning your POS terminal into a profit center!