How does the monthly billing occur or if no reporting occurs?

How does the monthly billing occur or if no reporting occurs?

If you are using our Monthly plan, we do not bill you for months with no reporting.  After the initial invoice, we bill every three months for any reported months in the prior period. 

The month you add your Lease to the service, plus any future months, will be billed under our Ongoing Reporting fee of $2.95 per month.  Any months prior to the month the Lease record was added to our service will be billed under our Past Reporting fee of $.50 per month.  

Here is an example:
1. You register on April 1st and verify the April payment plus 10 months of past history.
2. Your first invoice would occur around April 16th for $7.95 (April would be billed at the Ongoing rate of $2.95 plus $5.00 for the ten months of history since we only charge $.50 for Past Reporting).
3. The next invoice would occur three months later on or around July 16th.  If you verified May, June, and July, the invoice would be for $8.85 for three Ongoing payments.  If you only verified May and June, the invoice would be $5.90 as we would not charge you if no reporting occurred for July. 
4. The invoice would be $0.00 if no reporting occurred since April, such as your lease ended in April.  

If you are only verifying and reporting past history, all of the payments will be billed at $.50 per month for a maximum amount of $12.00 for 24 months of reported history.  


    • Related Articles

    • What are the fees for the Monthly Plan Pricing Option?

      Set-Up Fee: $0 Ongoing Reporting: $2.95/month Past Reporting: $0.50/month Additional Roommates or Spouse: Free* *If roommate or spouse submits payments through a separate bank account, a separate Monthly Plan would be required. Limit of 5 tenants per ...

    • What are the fees to use your service?

      We offer two pricing options based on whether the tenant will use bank data to verify the lease payment history. If the tenant is not able to connect to Plaid to verify payment history, we recommend the Flat-Fee option that does require ...

    • How do you compare to other reporting services?

      Our focus is to provide an affordable reporting option with simple pricing.  We don't believe you should be paying over $100.00 or considering a payment plan to simply report rental payments.  By utilizing online verification processes and by ...

    • How do I view the payment history for my lease?

      1. Log in to your PaymentReport profile. 2. Select Leases from the main menu. 3. Click your existing Lease record. 4. The Verified Payment History section will display the verified payments. If your property manager or landlord added the Lease ...

    • How do I use the Verification Wizard to verify past payments?

      Note:  You may use both the Bank Verification and Proof of Payment Upload options to verify your full lease history.  Verify as many payments with the Bank Verification option as that is the quickest way to verify payments.  For any payments you ...