Rent.com.au introduces PayPal as payment option for RentPay platform

Rent.com.au Limited (ASX:RNT) has announced the launch of PayPal as an additional payment option for its RentPay platform, providing more choices for over 10,000 customers. The integration of PayPal into RentPay marks a significant milestone, positioning Rent.com.au at the forefront of rental payments technology.

Executive commentary on RentPay's PayPal integration

Rent.com.au CEO, Mr Greg Bader, highlighted the significance of the PayPal integration, emphasizing the added choice and flexibility it offers to renters. He also emphasized the benefits for international renters, enabling them to use their existing PayPal accounts from their home countries to pay for rent in Australia. Mr Bader expressed enthusiasm for the partnership with PayPal, recognizing its potential to enhance the rental experience for customers.

Summary of Rent.com.au's PayPal integration and outlook

The integration of PayPal into RentPay expands the range of payment methods available, catering to both local Australian renters and international customers. Rent.com.au aims to continue enhancing the payment options to make RentPay more attractive to renters and assist in lowering rental arrears for agent customers. With a strong quarter for new RentPay customers and a promising sales pipeline, Rent.com.au anticipates providing a full trading update in late October 2024, reflecting the company's commitment to delivering innovative solutions and creating a positive rental community.