Getting the most bang for buck from RentPay

RentPay is more than a rental payment platform and digital wallet. We’ve intentionally packed in a raft of features which provide Aussie renters with convenience, choice, rewards and financial benefits.

Check out the scenarios we’ve mapped out in this article to find out how savvy RentPay users are reaping maximum savings, rewards and benefits.

The top features RentPay users access to get the highest dollar value return are:

1. Exclusive shopping rewards: save between 3% to 15% on the money you spend at 140+ of Australia’s top retailers through RentPay partner, Paylab.
2. Hacking credit card points: quickly rack up points for your next holiday by using a points-earning credit card to pay your rent via RentPay, with the lowest credit card transaction fee in the market at 0.99%. American Express cardholders can use the PayPal payment method which has a transaction fee of 1.55%.

The following examples show you a few possibilities for how you could take advantage of these features to spend less on the things you already need to pay for, or be rewarded by paying your rent smarter using RentPay.

Using RentPay with shopping rewards

To help make things clearer on how RentPay can help users make every dollar stretch further, we’ve put together a few examples to show how it could work for you.

For demonstration purposes, the assumptions we’ve made about the RentPay users’ situation in the following scenarios are based upon:

• Making rent payments of $500 per week
• Using either direct debit or PayID as their preferred payment method which incurs zero transaction fees
• Spending $500 per month on groceries
• Calculations for a monthly period
• The net monthly or annual cost/benefit excludes rent

We then calculated net cost/benefit per month using RentPay’s shopping rewards through Paylab feature which help users to save money on purchases, such as grocery supplies (plus other things you don't need, but must have!).

Please note, additional charges apply if you choose to use a debit/credit card, BPAY or international payment options.

The outcomes of the scenarios (with the previously mentioned assumptions) in the above table are:

• If Adam makes direct debit or PayID payments, and uses the RentPay feature of earning Paylab shopping rewards, he’ll be up at least $13 better off per month (+$156 per year).
• If Brooke makes BPAY payments, and uses the RentPay features of earning Paylab shopping rewards, she’ll be at least $9 better off per month (+$108 per year).

As you can see, it doesn’t take much to make using RentPay more rewarding for you.

For a low $2 monthly subscription to use RentPay, you gain access to features and benefits which help you to put more towards your rent and other bills, or into your savings!

Making RentPay work for you

Your own personal situation may somewhat match or be completely different to the above scenarios we’ve outlined. Hopefully, it at least gives you a few ideas on how you can make the most out of your RentPay account.

Based on how RentPay users are taking advantage of various features, mixing and matching several features could help you maximise your savings and reach your goals faster.

In all the scenarios described, renters using RentPay are actually financially better off when using RentPay to pay their rent and incorporating at least one additional reward feature.

For more information, visit the RentPay’s frequently asked questions or contact us.

You might also like:
> RentPay joins forces with Paylab
> Point hacking: How to pay rent with a credit card and earn points
> Buffer up for a 'rent-free' Christmas