PayNearMe

Payment Processing
premium
Cash Payments
★★★★☆★
(143 reviews)

Overview

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.

Key Features

Cash payments at 17,000+ retail locations (7-Eleven, ACE, Family Dollar)Barcode-based PaySlip (mobile or print)Real-time payment authorizationAutomatic reconciliation to storage softwareACH bank paymentsDebit card paymentsNo cash handling at the facilityOpenTech Alliance INSOMNIAC integrationE-SoftSys Self Storage Manager integration

Pros & Cons

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

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Company Info

Founded2009
Service Areanational
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