Preferred Payments vs. RentMy Comparison


Preferred Payments	RentMy	+	+
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		Related Products Square Payments Accept every payment quickly, easily, and securely. Easily accept card payments—no matter if you’re selling on the go or at your store. Streamline the way you create, send, and track your invoices. Customer not there in person? Take remote credit card payments over the phone or from your computer, and get paid fast. Create and grow your online store, and seamlessly accept online payments with Square. We make accepting cards as fast, painless, and secure as possible. There are no extra fees, no long term contracts, and no tricks. Just fast, secure payments you can depend on. 10,145 Ratings Visit Website EBizCharge EBizCharge is the leading embedded payments application for businesses to accept payments directly inside QuickBooks, Microsoft Dynamics, NetSuite, SAP, Acumatica, and 100+ other business systems. Trusted by 20,000 companies and voted best fintech solution by the Globee® Awards, EBizCharge combines modern billing tools with integrated payment processing to help B2B companies get invoices paid faster, eliminate manual work, and keep payment data automatically synced to their ERP. Companies use EBizCharge to: ◉ Accept credit card, debit card, and ACH payments natively in their ERP, CRM, or shopping cart ◉ Automate billing and reconciliation to save time and reduce errors ◉ Speed up collections with easy billing tools: payment links, online customer portal, recurring billing, saved cards, and more ◉ Reduce risk with enterprise-grade security certified by the PCI-Security Council: PCI-compliance, encryption, and tokenization 208 Ratings Visit Website NMI Payments NMI Payments is an embedded payments solution that lets SaaS platforms, Software companies and ISVs integrate, brand, and manage payment acceptance directly within their software—without becoming a PayFac or building complex infrastructure. As a full-stack processor, acquirer, and technology partner, NMI handles onboarding, compliance, and risk so you can stay focused on growth. The modular, white-label platform supports omnichannel payments, from online, mobile and in-app to in-store and unattended. Choose from full-code, low-code, or no-code integration paths and launch in weeks, not months. Built-in risk tools, flexible monetization, and customizable branding help you scale faster while keeping full control of your experience. With NMI’s developer-first tools, sandbox testing, and modern APIs, you can embed payments quickly and confidently. 114 Ratings Visit Website PayKings PayKings is a merchant account provider that helps businesses secure payment processing services in industries often rejected by traditional payment processors. The platform offers merchant accounts, payment gateways, and payment processing solutions designed to support businesses with specialized risk profiles. What is a high risk merchant account? A high risk merchant account is a payment processing account for merchants that are classified in a high risk category. They require high risk credit card processing solutions. The PayKings Team can get you approved today for a low to high risk merchant account for B2B, eCommerce, or Retail at reduced rates and fees. Credit repair merchant accounts are essential for companies in the credit repair space. You provide credit solutions to your customers and we’ll take care of the payment processing. Selling any type of merchandise through an ecommerce store has its risks. 105 Ratings Visit Website Convesio Convesio is a next-generation hosting and payment platform built to help commerce businesses grow faster, smarter, and more securely. Designed for WordPress and WooCommerce, Convesio combines high-performance hosting with an integrated payment ecosystem — ConvesioPay — that streamlines how merchants accept, process, and manage transactions online. With ConvesioPay, businesses get access to fast, secure payment processing that’s deeply connected to their hosting environment. This means lower latency, fewer plugin conflicts, and real-time visibility into revenue performance — all from a single dashboard. Combined with Convesio’s scalable container-based hosting, built-in caching, and advanced uptime management, the result is an optimized foundation for conversion, reliability, and growth. From startups to enterprise-level ecommerce operations, Convesio empowers merchants to focus on selling — not managing servers or chasing integrations. 63 Ratings Visit Website Melio Melio is an accounts payable tool built to simplify bill payments, boost workflow efficiency, and optimize cash flow for businesses of all sizes. To get started, try all of Melio's features free for 30 days! Pay vendors online through bank transfers or credit/debit cards, even if they typically accept checks—Melio manages the manual work for you. Effortlessly integrate with QuickBooks and Xero to ensure your financial records stay current. With Melio, pay by bank transfer or card to extend cash flow and earn rewards. Adding vendor or bill details is a breeze—input them manually, upload files, or take a photo of invoices. Schedule payments to align with your cash flow, and let Melio handle the rest. International vendor payments are made easy by paying in their local currency for products and services your business needs. The Melio mobile app, available for iOS and Android, lets you monitor and manage payments anytime, giving you full control over your finances on the go. 2,212 Ratings Visit Website Gr4vy Gr4vy's no-code payment orchestration platform empowers enterprises with full control to automate, customize, and optimize their payment strategy. Through a single integration, businesses can access +400 payment methods, anti-fraud tools, and payment service providers, enabling them to optimize their stack in just a few clicks, all in a centralized platform. While a PSP is incentivized to route transactions through its own infrastructure, Gr4vy remains agnostic. Built on dedicated cloud instances, Gr4vy infrastructure is the only one that eliminates the risk of a single point of failure, ensuring redundancy and high performance. As the only orchestrator with edge computing, all data and transactions are separate from others, minimizing the risk of a data breach, providing data sovereignty, reducing latency, and increasing efficiency. Gr4vy future-proofs payment stacks with flexibility, scalability, simplicity, and innovation—enhancing performance along the way. 5 Ratings Visit Website Revaly Revaly is a Payment Performance Management platform designed to ensure that every legitimate transaction succeeds, protecting the recurring revenue businesses depend on. It uses exclusive issuer signals, network intelligence, and AI-powered optimization to maximize payment approvals across the entire lifecycle. By preventing avoidable failures at the first attempt and intelligently recovering declined payments, Revaly reduces involuntary churn and strengthens customer relationships. The platform continuously analyzes routing errors, behavioral patterns, and ecosystem signals to turn unpredictable payments into predictable revenue. Subscription-based companies rely on Revaly to lift approval rates and compound revenue growth without disrupting their existing billing stack. With over 100 integrations, the system fits seamlessly into current workflows while delivering measurable, long-term financial impact. 7 Ratings Visit Website RetailEdge RetailEdge is an easy to use and feature-rich point of sale (POS) and inventory management software solution for retail businesses. RetailEdge offers multi-location support, credit card processing, website integration, mobile POS, and gift card management capabilities within a suite. The solution supports secure and mobile payments like EMV and Apple Pay and integrates with multiple e-commerce platforms for efficient order processing and price updates. RetailEdge was developed in June of 1989 to provide a powerful, flexible, full-featured POS software and hardware solution at a reasonable price that is easy to install, use, and configure, but also affordable to maintain and run. We strongly believe that a good POS solution, in addition to providing great features for a low price, must be supported well. So we have developed a strong support system that provides a backbone of local resellers and quick access to US-based Tier 3 (highest) level support. 201 Ratings Visit Website Fraud.net Fraudnet's AI-driven platform empowers enterprises to prevent threats, streamline compliance, and manage risk in real-time. Our sophisticated machine learning models continuously learn from billions of transactions to identify anomalies and predict fraud attacks. Our unified solutions: comprehensive screening for smoother onboarding & improved compliance, continuous monitoring to proactively identify new threats, & precision fraud detection across channels and payment types. With dozens of data integrations and advanced analytics, you'll dramatically reduce false positives while gaining unmatched visibility. And, with no-code/low-code integration, our solution scales effortlessly as you grow. The results speak volumes: Leading payments companies, financial institutions, innovative fintechs, and commerce brands trust us worldwide—and they're seeing dramatic results: 80% reduction in fraud losses and 97% fewer false positives. Request your demo today and discover Fraudnet. 56 Ratings Visit Website
About A secure platform and API to accept payments, grow revenue and scale your business. Straight forward API documentation and dedicated developer support to integrate ECRYPT's powerful payment solutions to your software. Accept payments, manage customers and build a powerful payment stack on the ECRYPT platform. Integrate secure and simple card-present payment solutions with ECRYPT’s Cloud EMV devices. Secure hosted payment fields for software applications and websites. Reduces PCI scope and offers more customization. A secure solution to manage customers, store payment methods and keep sensitive financial data safe. Secure and store sensitive payment data with ECRYPT’s tokenization and P2PE solutions. A payment platform built for enterprises, developers and innovators. ECRYPT gives businesses the tools to manage, scale and monetize payments services. Card-present transactions are now easier and faster than ever before.	About Powerful rental platform with WordPress plugin to add real-time rentals to your website for e-commerce payment processing, shipping and inventory tracking and too many features to list. Set up an easy-to-use online booking system, synced with your inventory for up-to-the-second availability. Perfect for rental companies with a storefront, and works great for pop-ups, too. SSL-protected, reliable and secure way to capture Customer payments (without the commissions) Want to offer real-time, secure rentals to Customers? Sell and rent products. Need dynamic shipping and/or delivery fee calculation. Want to use their merchant processor to handle online payments? Want to take control of their rentals on their terms. Save time & money using the RentMy integrated card-present payments option. Works like a traditional POS, but with powerful options to run your rental business.
Platforms Supported Windows Supported Mac Supported Linux Not Supported Cloud Supported On-Premises Not Supported iPhone Supported iPad Supported Android Supported Chromebook Not Supported	Platforms Supported Windows Not Supported Mac Not Supported Linux Not Supported Cloud Supported On-Premises Not Supported iPhone Supported iPad Supported Android Supported Chromebook Not Supported
Audience Businesses searching for a solution to improve their services and increase sales	Audience Rental companies searching for a solution to manage and improve their operations
Support Phone Support Supported 24/7 Live Support Supported Online Supported	Support Phone Support Not Supported 24/7 Live Support Not Supported Online Supported
API Offers API Not Supported	API Offers API Not Supported
Screenshots and Videos View more images or videos	Screenshots and Videos View more images or videos
Pricing No information available. Free Version Supported Free Trial Not Supported	Pricing No information available. Free Version Supported Free Trial Not Supported
Reviews/Ratings Overall 0.0 / 5 ease 0.0 / 5 features 0.0 / 5 design 0.0 / 5 support 0.0 / 5 This software hasn't been reviewed yet. Be the first to provide a review: Review this Software	Reviews/Ratings Overall 2.0 / 5 ease 3.0 / 5 features 4.0 / 5 design 3.0 / 5 support 3.0 / 5 Read all reviews
	Pros & Cons from Real Users Pros After setting up my yard sign rental business, I was eager to find a rental website platform. I checked out quite a few and found that Rentmy seemed to have all of the features I was looking for. In hindsight, there are much better and cheaper ones out there. More of that later. Please read the entire review to see why I would not recommend using RentMy for your business. USING THE PROGRAM: RentMy offered a free, but limited, plan which I thought would be perfect while I was figuring things out. While there are a nice selection of features, locating the right place to make changes to inventory and other items is not very intuitive. You may find yourself searching all over the menus to find what you are looking for. Secondly, navigating the screens is absolutely infuriating. Tapping on a menu item usually brings up a second, half screen of items and selections. The problem is finding just the right place on the screen to place your curser so that you can scroll up or down. Even after 2 months of using the software, I was still struggling every time. Another major issue is that the website does not load the first time. I had several customers tell me that the website was not working. Only after a person refreshes the page, will the site load (although extremely slowly). I made quite a few requests for computer chats to ask for help, and to their credit, they were quite helpful and responsive. They were almost always available when I requested a chat. Most of the questions I had were either trying to figure out how to achieve a particular function or asking to make something work that wasn’t working properly. Everything was fine until I received a message that read something to the effect of, “You have exhausted your amount of time for assistance. Please purchase a paid plan”. That was all fine except for the fact that I still needed help fixing things that weren’t working correctly before I felt comfortable paying $60 a month. Since I really needed their assistance to fix the problems, I went ahead and signed up for a paid plan. I was extremely disappointed to find out that even after paying for a plan, the website was still directing to Rentmy as the main site and referring to their website when I sent a customer a link to my website. I was told that I would have to pay another $100 to have their name removed from the web address. As it turned out, there was absolutely no benefit to upgrading to the paid plan. There was an option to downgrade back to the free site so I immediately did that. ETHICS AND BUSINESS PRACTICES: Here’s where it gets ugly. I remained on the free plan, even though they kept “adding” limiting features. For example, just a few days ago, they added a large watermark with the RentMy logo on top of all of my product images. I get it! They want people to purchase the paid plan. I understood this and chose to keep it like this until I decided if I was going to stay with them or find another rental platform. I didn’t have to wait long as RentMy made that decision for me. Remember when I said I had paid for a one month paid plan? I downgraded to the free, limited, version and expected that to be that. I got an email today, saying “Your subscription will renew soon”. “ This is a friendly reminder that your Renterval LLC subscription will automatically renew on September 30, 2020. Wait! What? I cancelled that subscription. This must be a mistake, right? So I emailed them, telling them that I did not want to renew the subscription. I received a reply a few minutes later saying they were cancelling my account per my request. I replied that I would like to keep the account active until the end of the month. They replied back that they were keeping my data on file until the end of the month (6 more days) but that they deactivated my account because I wasn’t paying. There is so much wrong with this. Where to start. It seems to me that they had some regrets after they set up a free plan and decided that they wanted to do away with that option. But what about the customers that are already on that plan? Perhaps they could send them an email telling them that they are sorry but we are no longer offering the free plan and as of x date, you will either need to choose a paid plan or the account will be closed. That sounds like a reasonable approach, right? Instead, they chose to deactivate my account, immediately, after I let them know I had no intention of letting them charge my card next month without authorization. The consequences? I have lost all of my client information and have no website. Thankfully, I have just found another rental website platform called Reservety. They are responsive, polite, reasonably priced, and most importantly, act with professionalism. Check them out! Cons No communication. Unprofessional. They should learn how to deal with customers to make things better and not charge without authorization.
Training Documentation Supported Webinars Not Supported Live Online Supported In Person Supported	Training Documentation Supported Webinars Supported Live Online Supported In Person Not Supported
Company Information Preferred Payments Founded: 2009 United States preferredpayments.com	Company Information RentMy Founded: 2008 United States rentmy.co
Alternatives PayEngine	Alternatives Rent Rabbit
NETePay Hosted Datacap Systems	Booqable
AllayPay	Rentware Betterware Software
RentMy	Rides Rental Software
Cybersource View All	VEVSoftware View All
Categories Payment Processing Supported	Categories Boat Rental Supported Rental Supported
Show More Features Payment Processing Features ACH Check Transactions Supported Bitcoin Compatible Supported Debit Card Support Supported Gift Card Management Supported Mobile Payments Supported Online Payments Supported POS Transactions Supported Receipt Printing Supported Recurring Billing Supported Signature Capture Supported	Show More Features Rental Features Auto / Boat Rental Supported Contract Management Supported Inspection Management Supported Inventory Management Supported Late Fee Calculation Supported Maintenance Management Supported Medical Equipment Rental Supported Multi-Location Supported Online Booking Supported Rate Management Supported Recurring Rentals Supported Reservations Management Supported Scheduling Supported Short / Long Term Rental Supported
Integrations Blackpurl Supported PayPal Not Supported QuickBooks Online Supported Stripe Not Supported WordPress Not Supported Zoom Webinars Supported View All 4 Integrations	Integrations Blackpurl Not Supported PayPal Supported QuickBooks Online Not Supported Stripe Supported WordPress Supported Zoom Webinars Not Supported View All 3 Integrations
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