Credit card technology to help property managers
The technology, Swipe HQ, is a device smaller than a matchbox which plugs into the audio jack of any smartphone. Much like a normal credit card terminal, the merchant enters the amount of the transaction, swipes the credit card and the heavily-encrypted transaction is completed. Electronic receipts can then be sent by text message or email to the customer.
This would allow a landlord or property manager to visit a tenant and process payment for rental arrears on the spot.
New Zealand Property Investors Federation President Andrew King said this would help property managers more than independent landlords because managers would have access to the credit card facilities required to accept credit card payments.
But Martin Evans, of the Independent Property Managers Association, said it would have to come at some additional cost to tenants.
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