Radpad and Landlord Station have been acquired by Priority Technology Holdings, a provider of merchant acquiring and commercial payment solutions.
For those who don’t recall, some of us used to pay our rent with Radpad and get 3x on Sapphire Reserve. That mostly ended when Radpad stopped earning 3x with CSR and when they subsequently began limiting payments to verified landlords.
It’s interesting that there’s a heavy focus in the press release on the rent payment angle – Priority Technology seems to be basically a payments company – despite that being merely and ancillary part of the Radpad business model. Sounds like they they feel payments is an integral part of their long term vision.
Hopefully at some point they’ll be useful for paying rent again, but again, at this point the 2.99% fee and no special category coding makes it of little interest being that Plastiq charges just 2.5%. (Some have mentioned the idea of using Apple Pay + Altitude.)
Hat tip to reader David
Related: Pay Your Rent With A Credit Card (Or Debit) – Complete List Of Options
