Residential landlords can now offer tenants the option of paying with credit cards, thanks to a third-party financial platform provided by WilliamPaid. The online rent payment and credit-building service released "Express Pay," a system that allows tenants to submit payments for rent, utilities, association fees, and other housing expenses through a secure, private website. Unlike standalone software tools that require landlords to maintain their own merchant accounts, the WilliamPaid Express Pay service provides a turnkey solution for property owners of any size.

In an announcement of the new service to reporters, WilliamPaid CEO Evan Silverman cited consumer demand as an inspiration for the company's product. "Landlords understand that this is what their tenants want," Silverman said. "As a result, landlords and property managers have asked us for the ability to offer the same flexible, secure online rent payment platform on their websites. With Express Pay, they now have it." Express Pay's integration with tenant's financial providers enables landlords to seamlessly report on-time rent payment to credit bureaus, a request that can help tenants build stronger credit profiles.

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Joe Taylor Jr. is an internal business consultant for a Fortune 500 company, who writes about finance, culture, and design. He holds a Bachelor of Science in Communications from Ithaca College.