MerchantsXL vs Tenant Inc. (2026)

Side-by-side comparison to help you choose the best payment processing for your storage facility.

MerchantsXL

★★★★★
(7 reviews)

Tenant Inc.

★★★★☆★
(64 reviews)

Overview

Rating
★★★★★
★★★★★
Reviews
7
64
Founded
—
2016
Headquarters
Reno, NV
Newport Beach, CA
Service Area
national
national
Pricing
—
Contact for pricing
Verified
No
No

Features

Retail accounts
Yes
No
MobileXL processing
Yes
No
Internet accounts
Yes
No
Keyed-in accounts
Yes
No
Virtual terminal
Yes
No
No contracts
Yes
No
Integrated payment processing (native or third-party)
No
Yes
Credit/debit card processing
No
Yes
ACH bank payments
No
Yes
Automated delinquency management
No
Yes
End-to-end online rentals
No
Yes
Operator data ownership
No
Yes
Charm call management integration
No
Yes
Cloud-based — no local software install
No
Yes
Tenant Inc. platform (native) integration
No
Yes

Pros & Cons

MerchantsXL

Pros and cons coming soon

Tenant Inc.

PROS

  • ✓Storage-specific platform built for operators
  • ✓Flexible processor choice — not locked in to one payment option
  • ✓Automated delinquency workflow reduces manual follow-up

CONS

  • ✗Newer company (founded ~2016) — less market presence than Storable
  • ✗Payments tied to the Tenant Inc. platform
  • ✗Less name recognition outside of tech-forward storage operators

Detailed Overview

MerchantsXL

MerchantsXL is a merchant services and credit card processing firm that assists companies with their merchant accounts. While based in Reno, Nevada, it operates as a virtual company with a team spanning the entire country and internationally. The company emphasizes honesty and accuracy in its approach to the industry. At MerchantsXL, their passion is to work as a team and deliver uncompromising quality in a comfortable environment. Their merchant account process is straight-forward and to the point, providing a refreshing approach and overall experience for each of their clients.

Tenant Inc.

Tenant Inc. (founded ~2016) is a cloud-based self-storage management platform that includes integrated payment processing as part of its all-in-one suite. Unlike some competitors, Tenant Inc. offers flexibility — operators can use their native payment processing or connect a third-party processor of their choice. The platform handles ACH, credit/debit cards, automated delinquency management workflows, and end-to-end online rentals. Tenant Inc. emphasizes operator data ownership, meaning tenant and payment data belongs to the operator and is not locked in. The platform also includes Charm (a call management tool) and a competitive rate structure for payments.

Visit MerchantsXLVisit Tenant Inc.

Quick Summary

Higher Rated:

MerchantsXL

More Reviews:

Tenant Inc. (64)

More Features:

Tenant Inc. (9)

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