PayNearMe vs SBOA Merchant Services (2026)
Side-by-side comparison to help you choose the best payment processing for your storage facility.
PayNearMe
SBOA Merchant Services
Overview
Features
Pros & Cons
PayNearMe
PROS
- ✓Eliminates cash handling entirely at the facility
- ✓Solves cash acceptance legal requirements (MA, NJ, PA)
- ✓Tenant convenience — retail locations are everywhere
- ✓Real-time authorization and automatic reconciliation
CONS
- ✗Additional per-transaction fee on top of processor costs
- ✗Requires software integration to automate reconciliation
- ✗Tenant must travel to a retail location to pay
SBOA Merchant Services
PROS
- ✓Built exclusively for self-storage operators
- ✓EZrentPay text-to-pay reduces front desk calls
- ✓Free rate audit helps operators benchmark costs
- ✓Listed in ISS Buyer's Guide
CONS
- ✗Limited public pricing information
- ✗Smaller operation than national processors
- ✗Less software integration breadth than major platforms
Detailed Overview
PayNearMe
PayNearMe (founded 2009) is a cash payment network that enables self-storage tenants to pay rent in cash at over 17,000 retail locations including 7-Eleven, ACE Cash Express, and Family Dollar — without the facility ever handling cash. The process works via a barcode-based 'PaySlip' that tenants receive by text or print, which they present at the retail counter. Payments are authorized in real-time and automatically reconciled back to the storage management software. PayNearMe is also used by OpenTech Alliance INSOMNIAC kiosk operators to enable cash payments for facilities without a physical bill acceptor. The platform additionally supports ACH and debit card payments. PayNearMe is particularly valuable in Massachusetts, New Jersey, and Pennsylvania where cash acceptance laws apply to self-storage tenants.
SBOA Merchant Services
SBOA Merchant Services (a subsidiary of Nuvo Company, based in Winter Park, FL) is a payment processing company built specifically for self-storage operators. Listed in the ISS Buyer's Guide, SBOA processes over 9 million transactions per year for storage facilities. Their flagship offering is EZrentPay, a system that lets tenants pay via SMS text message or email link — reducing front-desk payment traffic. SBOA also supports standard credit/debit card processing with EMV chip technology, ACH/eCheck, and offers a free rate audit and quote for operators looking to compare their current processing costs. They partner with Sage Payment Solutions on their processing backend.
Quick Summary
PayNearMe
PayNearMe (143)
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