Streamline your letting application process
Leverage open banking to accept instant rental deposits at a fraction of the cost of other payment methods, to automatically set up standing orders for rent payments, and more. Interested in speaking with someone from our team to learn more?
Who we work with
How Plaid can help
The rental application process is both expensive and time consuming–letting agents need to process large deposits, and accurately verify the affordability of their prospective tenants.
With Plaid’s Payment Initiation, users can send instant rental deposits costing you a fraction of the cost of other payment methods, and automatically set up standing orders for rent payments. And with Transactions and Identity, you can verify tenants' income and identity instantly with clean, categorised bank data.
Products and benefits
Payment Initiation
Accept instant rental deposits using U.K. Faster Payments rails at a fraction of the cost of other payment methods, and to automatically set up standing orders for rent payments
Standing Orders
Schedule standing orders to collect monthly rent payments automatically and on-time
Transactions
Reconcile payment and verify your tenants' income with clean, categorised Open Banking data
Identity
Verify tenants' identity using Open Banking data.
Assets
Retrieve a consolidated summary showing account balances, historical transactions, and account holder identity information
It used to take five days to verify a renter. With Plaid, we can do it in 60 seconds.
Tahir Farooqui, CanopySee the full case study