ClickPay Services Inc.

ClickPay Services Inc. specializes in providing online and mobile payment solutions specifically tailored for the real estate sector, enhancing payment processing efficiency for property management and residents. Founded in 2007, ClickPay Services Inc. is headquartered in Hackensack, US, and focuses on streamlining payment solutions for the real estate industry.

The company was co-founded by Aaron Sheklin, Steven Van Praagh, and Tom Kiernan, who serves as CEO. ClickPay has engaged in three investment deals, with the most recent taking place on April 20, 2018, when RealPage, Inc. , a subsidiary of Battery Ventures, acquired ClickPay. Financial terms of the acquisition were not disclosed.

ClickPay offers a comprehensive suite of online and mobile payment solutions specifically for the real estate sector. The core product line includes custom-branded payment portals that enable residents to securely make payments via ACH, credit, and debit cards. These portals streamline payment processing for property managers and residents, integrating with accounting software to maintain accurate financial records. Additionally, ClickPay provides essential services such as lockbox and check scanning, e-billing and print solutions, and a fee collection page that connects various payment types—from first month’s rent to security deposits—within a single platform.

Their services are utilized primarily by property management firms, real estate companies, and residents across the United States, with over 35,000 locations available for cash payments. ClickPay generates revenue through transaction-based fees associated with its payment processing services. Clients, primarily property management firms and real estate companies, utilize ClickPay for its comprehensive payment solutions, allowing residents to make electronic payments seamlessly. The business model typically involves subscription agreements for access to ClickPay's platforms, with pricing structures that vary based on service usage and client needs.

Property managers can establish recurring payment plans for residents, resulting in a steady stream of transaction fees for ClickPay. Revenue is realized as payments are processed in real time, ensuring efficient cash flow management for clients and maximizing productivity while reducing manual payment handling and record-keeping efforts. As of April 2018, following its acquisition by RealPage, Inc. , ClickPay is positioned for growth by leveraging RealPage's resources to enhance its product offerings and expand into new markets.

Future initiatives include developing new payment solutions to further streamline transactions for clients. Specific geographic regions targeted for expansion have yet to be disclosed, but plans are anticipated to materialize in the upcoming years, aligning with RealPage's strategic objectives for broader market penetration.