E-SoftSys, a provider of self-storage management software, has partnered with PayNearMe to integrate the electronic cash-transaction network’s cash-payment option into its Self Storage Manager (SSM) software program. The solution will enable SSM users to accept cash payments via an electronic network.
Through PayNearMe, self-storage tenants can pay their monthly rent with cash at more than 17,000 retail locations nationwide, including 7-Eleven, ACE Cash Express and Family Dollar stores. To pay their bill, they simply bring their PayNearMe payment code to a participating outlet, and the cashier will scan the barcode and accept the cash. Storage customers can also use PayNearMe’s mobile payment option. With the software integration, SSM will post these transactions automatically.
"We are excited to offer all of our clients a fully integrated remote cash-payment option through PayNearMe,” said Kat Shenoy, CEO of E-SoftSys. “This new system ensures that tenants pay only the correct amount and that their payment data flows into our tenants’ payment ledger in real time so that no mistakes occur."
"By integrating PayNearMe with Self Storage Manager, operators will be able to reduce onsite cash payment traffic and allow their respective staffs to attend to leasing and other aspects of managing successful self-storage businesses,” added Christopher Volgenau, vice president of business development at PayNearMe.
StoragePRO Management Co., a third-party management and consulting firm that operates 28 California self-storage properties, will be the first E-Softsys client to implement the system in its daily operation. The option will be available to other customers by the end of April, E-Softsys officials said in a press release.
"Reducing the cash payments that our onsite managers handle frees up their time to focus on leasing and operations,” said Steven Mirabito, CEO of StoragePRO. “We also expect to reduce the delinquency rate by giving our tenants the ability to pay at a convenient dollar store, 7-Eleven or ACE Cash Express location across the street from their homes or across the country. This solution provides clear value to both StoragePRO and our tenants. We’re delighted to be the first to roll it out."
As part of the system, self-storage managers can determine the correct required payment amount and may opt to absorb the cash-transaction fees, which are similar to the fees merchants pay for credit-card transactions, PayNearMe officials said.
The PayNearMe cash-transaction network enables consumers to pay rent, repay loans, buy tickets and make online purchases with cash.
E-SoftSys, a Microsoft Gold Certified Partner and ISO 9001:2008 certified company, provides software products for the self-storage industry, including SSM and e-CRM. The company also offers add-on modules such as the INSOMNIAC kiosk interface, online payments, online reservations and rentals, the QlikView Business Intelligence and Analytics interface, and the iPad/tablet-based Site Audit and Walk Through Application.