Xspaced Adds Digital Bank Accounts for Renters to Its Popular Platform
Niko Pajkovic — November 11, 2021 — Tech
Digital rent payment platform Xspaced has announced the launch of its virtual bank account feature for renters. The new bank accounts work in conjunction with Xspaced's 'FlexRent' tool, a unique feature that allows tenants to divide their rent payments into multiple installments over a month.
What makes Xspaced's new bank account feature unique is that it allows renters to set up their own method for paying rent without needing their landlords to register. This means that tenants can use the platform to pay their rent while their landlords can continue using their preferred rent collection channels. The app is designed to help gig workers or those with an inconsistent income stay on top of their rent and gain control over their financial situations.
“Tenants can save money towards their next rent payment via smaller payments over the month, landlords can keep collecting rent on their preferred payment portal – it’s a win/win for everyone!” said Xspaced Cofounder Alex Pelin.
What makes Xspaced's new bank account feature unique is that it allows renters to set up their own method for paying rent without needing their landlords to register. This means that tenants can use the platform to pay their rent while their landlords can continue using their preferred rent collection channels. The app is designed to help gig workers or those with an inconsistent income stay on top of their rent and gain control over their financial situations.
“Tenants can save money towards their next rent payment via smaller payments over the month, landlords can keep collecting rent on their preferred payment portal – it’s a win/win for everyone!” said Xspaced Cofounder Alex Pelin.
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