What if you could pay for rent like you pay for Starbucks?
Nov 15, 2022
I want you to imagine this scenario. You stop by your local Starbucks every morning before work. Same order as always (tall pike and a breakfast sandwich) which you place through the app so you can avoid the lines. You’ve got your Amex linked to the app so you never have to worry about manually topping up your balance and plus… you get to double-dip your rewards (one from Amex, one from Starbucks).
Following so far? Great!
One morning, you try to place your order like you always do but it won’t go through… Not ideal but you’re not about to let that stop you. You pull up to Starbucks and wait in line to place your order (the usual). Now picture this: just as you reach for your phone the barista tells you the system is down and that they’re only accepting — wait for it — CHEQUES!
Pretty outrageous, right?
Now imagine this continued every time you went to Starbucks… no more seamless mobile experience, and especially no rewards!
Sound crazy? Then why is it ok for your rent? After all, I’m willing to bet you spend a whole lot more on rent than on coffee… I hope.
This raises an interesting question: why can’t we pay for rent the same way we pay for Starbucks?
And perhaps more importantly, why don’t we get reward points on rent like we do for virtually everything else we buy?
The answers to these two questions are fairly nuanced and besides the point I want to make. The important thing is that your largest monthly expense — for whatever reason — doesn’t earn you anything… YET.
A couple of solutions to this exact problem have cropped up in the US with early players making good strides to take the pain out of paying rent — including the absence of rewards — but progress has been… ahemmm… slower in Canada.
That’s where Chexy comes in. Chexy is the first Canadian payments experience that affords tenants the possibility of paying their rent by card. Just like in our Starbucks example, tenants will be able to link their cards to the Chexy app (essentially forgoing the need for cheques and e-transfers) and begin to earn rewards on every rent payment.
Also like the Starbucks example, Chexy allows tenants to double-dip their rewards by layering their own points on top of the points you already earn with your payment card of choice.
The best part? Tenants don’t need to convince their landlords to accept card payments because Chexy pays them however they’re used to — doing the heavy lifting of sending cheques and e-transfers on the tenant’s behalf.
So, if you’re looking to make the most out of your largest monthly expense and take your rewards to a whole new level, join the waitlist and be the first to rent chexier.
I want you to imagine this scenario. You stop by your local Starbucks every morning before work. Same order as always (tall pike and a breakfast sandwich) which you place through the app so you can avoid the lines. You’ve got your Amex linked to the app so you never have to worry about manually topping up your balance and plus… you get to double-dip your rewards (one from Amex, one from Starbucks).
Following so far? Great!
One morning, you try to place your order like you always do but it won’t go through… Not ideal but you’re not about to let that stop you. You pull up to Starbucks and wait in line to place your order (the usual). Now picture this: just as you reach for your phone the barista tells you the system is down and that they’re only accepting — wait for it — CHEQUES!
Pretty outrageous, right?
Now imagine this continued every time you went to Starbucks… no more seamless mobile experience, and especially no rewards!
Sound crazy? Then why is it ok for your rent? After all, I’m willing to bet you spend a whole lot more on rent than on coffee… I hope.
This raises an interesting question: why can’t we pay for rent the same way we pay for Starbucks?
And perhaps more importantly, why don’t we get reward points on rent like we do for virtually everything else we buy?
The answers to these two questions are fairly nuanced and besides the point I want to make. The important thing is that your largest monthly expense — for whatever reason — doesn’t earn you anything… YET.
A couple of solutions to this exact problem have cropped up in the US with early players making good strides to take the pain out of paying rent — including the absence of rewards — but progress has been… ahemmm… slower in Canada.
That’s where Chexy comes in. Chexy is the first Canadian payments experience that affords tenants the possibility of paying their rent by card. Just like in our Starbucks example, tenants will be able to link their cards to the Chexy app (essentially forgoing the need for cheques and e-transfers) and begin to earn rewards on every rent payment.
Also like the Starbucks example, Chexy allows tenants to double-dip their rewards by layering their own points on top of the points you already earn with your payment card of choice.
The best part? Tenants don’t need to convince their landlords to accept card payments because Chexy pays them however they’re used to — doing the heavy lifting of sending cheques and e-transfers on the tenant’s behalf.
So, if you’re looking to make the most out of your largest monthly expense and take your rewards to a whole new level, join the waitlist and be the first to rent chexier.