Case Study: Alarca Realty simplifies cash rent payments with PayNearMe

Alarca Realty makes rent payments easier for the 25% of un-banked U.S. households with PayNearMe

The customer, Alarca Realty, a property management company, faced the challenge of wanting to accept cash rent payments from underbanked tenants but was concerned about the risks, inconvenience, and time consumption associated with handling physical cash. They turned to the vendor PayNearMe and implemented its PayNearMe Express service to solve this problem.

PayNearMe provided a solution that allowed tenants to pay their rent with cash at any local 7-Eleven store. This gave tenants a convenient way to pay with a receipt, while Alarca Realty received instant notification of the digital payment. The results for the property manager included eliminating the need to handle, store, or deposit physical cash, saving significant time, and reducing risks. PayNearMe also simplified accounting by summarizing all payments on a single screen.

Alarca Realty