Industries We Serve
Our payment processing solutions are for:
- Residential and commercial property rentals
- Real estate brokerages
- Homeowners’ associations (HOAs)
- Title and escrow companies
- Real estate investment firms
Whether you’re collecting monthly rent, large property purchases or membership dues we’ve got you covered.
High-Risk Factors for Real Estate Payment Solutions
Real estate businesses are considered high-risk because:
- Large Transaction Volumes: High value transactions increase the risk of chargebacks.
- Regulatory Complexity: Licensing and compliance requirements vary by state and industry.
- Fraud and Identity Theft: Real estate is a frequent target for fraud.
- Economic Sensitivity: Market fluctuations can affect cash flow and payment reliability.
These are the reasons why you need a payment processor that understands the risks of the real estate industry.
Why the Right Payment Processor Matters for Real Estate
By working with Payment Nerds you get:
- Flexible Payment Options: Accept credit/debit cards, ACH, eChecks and mobile wallets.
- Automated Recurring Billing: Simplify rent collection and membership fees with automated payment schedules.
- Secure Transactions: Encryption and PCI compliant systems to protect client data.
- Seamless Integrations: Connect with popular real estate software platforms.
- Detailed Reporting: Track transactions and cash flow with custom reporting.
- 24/7 Support: Our team is available to help with setup, troubleshooting and optimization.
Choosing the Right Merchant Account for You
We have merchant accounts for real estate businesses:
- Retail Merchant Accounts: For in-person payments at your office.
- Virtual Terminals: Accept payments over the phone or online.
- Recurring Payment Solutions: For property management and association fees.
- Mobile Payment Solutions: Accept payments at open houses or field offices.
Apply for Your Real Estate Merchant Account
Applying for a merchant account is easy. Here’s what you’ll need:
- Photo ID: Business owner’s government issued ID.
- Signed Merchant Application: Standard form to apply for account.
- Voided Check or Bank Letter: To verify your business banking information.
- Bank Statements: 3 months of statements to show financial history.
- Processing History: Previous payment processing statements if available.
- Business Documentation: Proof of licenses or certifications.
Tools to Help You Manage Your Payments
Our payment solutions integrate with popular real estate software:
- Property management software
- Accounting tools like QuickBooks
- Online payment portals
- CRM systems for real estate
If you’re using a custom solution we can work with you to make it compatible.
Why Payment Nerds?
With years of experience in high risk industries Payment Nerds is here to help real estate businesses succeed. Our custom payment solutions, dedicated support team and robust security will let you focus on what matters most – closing deals and growing your business.
