I'm going to be interested to see exactly how a Renter with a current rent agreement and monthly deductions goes about using RentPay to manage that.
Last time i tried it was quite difficult to switch.
The way i see it is:
1. User opens app, creates account
2. User Asks releastate for payment information
OR
2. User provides token/Unique account code for realestate to deduct money from
3. Payments are scheduled
I like the second option for number 2. Does anyone have an idea?
In this way, the realestate deducts funds and the User ensures it's always topped up with regular weekly, bi-weekly or monthly payments. And if the user misses a payment a automatic loan can be issued where the user has previously been approved in a buy now pay later approach.
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