Payments & rent collection
PayNearMe
PayNearMe is a payments platform for businesses that bill customers. It accepts, disburses and manages payments across a cash-at-retail network, debit, ACH and digital wallets, and its stated aim is to raise self-service rates and cut the total cost of accepting payments rather than simply move money from A to B.
The PayXM platform covers the whole payment journey. Customers get one interface combining the ways they want to pay, with logins, passwords and manual entry stripped out where possible; support staff, human or AI, get tools to complete and verify a payment during the call; and operations get visibility, reconciliation and exception handling. Integration partners connect the platform to existing servicing systems, and the company also handles deposits and payouts.
PayNearMe launched in 2009 to let businesses take cash payments in an increasingly digital market. It now reports more than 16,000 businesses on the platform, more than 62,000 cash-at-retail locations and 230+ team members, with offices in Santa Clara, Holmdel and Addison. Money transmission is provided by PayNearMe MT, Inc. (NMLS ID #957940) and PayNearMe Financial, Inc. (NMLS ID #2642362), both wholly owned subsidiaries.
The industries described on the site are consumer and auto lending, mortgage servicing, tolling, iGaming, credit unions and government billers. Rent collection and property management are not among the named use cases in the pages crawled, so confirm support for that workflow, and pricing, with sales on 650.930.1020.
Best for
Billers collecting recurring payments from customers who pay in cash or outside a bank account, and who can integrate a biller platform into their servicing system. Small landlords wanting a simple rent-collection app are not the target.
What they do
- Cash payment acceptance at retail locations
- Debit, ACH and digital wallet acceptance
- Payment disbursements and payouts
- Self-service payment portals
- Agent-assisted payment tools
- Payment reconciliation and reporting
- Exception and delinquency handling
- Servicing system integrations
Details
| Attribute | Value |
|---|---|
| Founded | 2009 |
| Team size | 201-500 employees |
| Offices | Santa Clara, CA, Holmdel, NJ, Addison, TX |
| Licenses | NMLS ID #957940 (PayNearMe MT, Inc.), NMLS ID #2642362 (PayNearMe Financial, Inc.) |
What stands out
- Says more than 16,000 businesses use the platform.
- Lists more than 62,000 cash-at-retail locations.
- Reports 230+ team members and launched the business in 2009.
- Money transmission is provided by PayNearMe MT, Inc. (NMLS ID #957940) and PayNearMe Financial, Inc. (NMLS ID #2642362).
- Offices listed in Santa Clara, California; Holmdel, New Jersey; and Addison, Texas.