RentPay review

Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026

RentPay is a digital wallet and rent-payment scheduling service for tenants, real estate agencies and property managers in Australia. Tenants can add funds, set weekly, fortnightly or monthly rent schedules, and send payments to an agent. The platform supports payment notifications, rent and deposit transaction history, buffer savings for rent shortfalls, and an optional Scorebuilder credit-building feature. It is available on the web, iOS and Android, with a tenant portal and automated recurring payments. The strongest fit is for renters who want flexible ways to fund scheduled payments and agents who need payment reminders and trust-account reconciliation support.

The published RentPay account plan has no monthly account fee, with free bank and PayID funding. Transaction fees apply to some other payment methods. The available rails include direct debit, cards, PayPal, BPAY, Alipay, WeChat Pay and UnionPay, alongside bank transfer and PayID. This breadth gives tenants several ways to fund a wallet, while the recurring schedule options cover common rent frequencies. Same-day payout timing is part of the category specification, and funds are held in an Australian bank trust account before transfer to an agent’s trust account.

RentPay’s main boundary is its agent-led model. The service is designed for tenants renting through an agent rather than private landlords, and its payment flow is centered on transfers to agents’ trust accounts. That makes it more suitable for agency-managed rentals than direct owner arrangements. Agents may value the dashboard, reminders and reconciliation support, while tenants may prefer the buffer savings and notification features. Choose RentPay for a free, multi-rail rent wallet with recurring scheduling; choose another option if the workflow must support private landlords or broader property-management functions.

RentPay pros and cons

• Where it wins
  • No monthly account fee and free bank or PayID funding
  • Supports weekly, fortnightly and monthly recurring schedules
  • Broad payment methods plus agent reminders and reconciliation support
• Where it doesn't
  • Available to tenants renting through an agent, not private landlords
  • Transaction fees apply to some payment methods
  • Agent-focused transfers limit fit for owner disbursement workflows

RentPay fact sheet, pricing and score →

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Last updated 7 Oct 2026 · How we research and update