Many tenants enjoy the convenience of being able to pay their rent online or using an app. Using a service, your tenants can pay rent by credit or debit card. They can set up rent to be paid automatically and some platforms even allow tenants to pay by phone. Tenants are more likely to pay rent on time if it is convenient. A service will generally collect a small fee per transaction. It may be a flat-fee or a percent of the rent. You can choose to cover the cost or pass the cost along to your tenants.