Send and receive rent in real time
Landlords and property management companies can receive rent in real time with immediate confirmation of funds.
Real-time payments replace the uncertainty of traditional payments with instant certainty and control. Instant rent payments help tenants minimize late fees and give landlords immediate access to funds. By using data-rich payments over Canada’s Real-Time Rail, senders can also include complete transaction details with every payment.
- Immediate confirmation of funds
- Minimize late fees
- More details in every transaction
Leverage CONSUMER RENT PAYMENTS
To leverage this use case, both the sending and receiving financial institutions must be enabled to use Canada’s Real-Time Rail. Contact your Payments Canada relationship manager or email info@payments.ca to learn how your financial institution or payment service provider can adopt the forthcoming Real-Time Rail.