Collecting Rent Through Cash App vs. Baselane: Which One is Better?

As a landlord, rent collection is one of the most challenging tasks. From tracking monthly payments to chasing down overdue rent payments, it’s no wonder landlords and property managers are ditching cash and checks to collect rent payments online.

However, not all online rent payment collection tools are created equal. In this article, we’ll compare collecting rent payments through Cash App vs. Baselane to help you choose the best online rent payment method.

Key Takeaways: Cash App vs. Baselane

  • Baselane has an auto-pay feature for setting up monthly recurring payments, and Cash App doesn’t.
  • Baselane can automatically notify tenants of upcoming rent payments or when rent is overdue. Cash App can’t send these notifications.
  • Baselane can notify landlords of late rent payments, how many days rent is overdue, or whether rent has been paid. Cash App can’t send these alerts.
  • Baselane can automatically charge late fees when rent is past due. In Cash App, late fees must be manually added through a separate transaction.
  • Baselane offers secure payments. Cash App offers some security but no protection against fraud and accidental transfers to the wrong person.
  • Adding contacts and signing up for an account with Cash App is easier than Baselane.
  • Baselane allows landlords to block partial payments, an essential feature Cash App does not have.
  • Baselane allows you to process security deposits and other fees securely. Cash App rent collection will only allow you to collect rent payments.
  • Baselane gives the tenant user-friendly payment methods and complete transparency with payment history and reporting, and Cash App doesn’t.

Baselane vs. Cash App: Overview

Both Cash App and Baselane offer online rent collection for landlords, making it easier for tenants to pay rent on time using multiple payment options. Before we dive deeper into each service, the comparison chart below gives you a snapshot of Baselane vs. Cash App.

Put rent collection on auto-pilot

Get paid on time with automated rent payments, reminders, and late fees.

Cash App Overview

Cash App is a popular peer-to-peer payment service that transfers cash instantly. This digital wallet owned by Square, Inc. works similarly to collecting rent with PayPal, Venmo, and Zelle.

But as a landlord, this may not be your safest option for accepting online rent payments, as there is no protection against sending funds to the wrong person. A tenant may send rent payments to someone else, and you may not realize until it’s too late.

How it works: Rent payments sent through Cash App get deposited within 1-3 business days. Landlords must pay a fee of 1.5% to have funds deposited instantly into their bank account. Tenants can link their bank account, credit or debit card, and there is an option for automatic payments.

Payment Methods: Tenants can link most bank institutions to their Cash App account, but the limit on rent payments could impact your cash flow. Tenants paying rent online can only send up to $250 in a seven-day period and $1,000 in 30 days. There is an option to increase send limits to $7,500 a week with identity verification.

Tracking: Cash App sends notifications when money is received. There is no option to track or set up fees for late rent payments, and funds can accidentally end up in the wrong hands with typos and instant transfers without buyer protection.

Baselane Overview

Baselane is built for landlords. Both landlords and real estate investors can use Baselane to simplify online rent collection, bookkeeping, banking, and rental property management.

How it works: Besides rent payments, Baselane can collect security deposits and other fees. Tenants can set up auto-payments using debit cards, credit cards, and ACH bank transfers. Online rent payments take 2-5 business days to process.

Payment Methods: Tenants can link their payment method from any banking institution. There are no transfer limits for rent payments sent through Baselane. Unlike Cash App, Baselane is connected to a bank account to eliminate the chance of sending money to the wrong person.

Tracking: Both tenants and landlords can view payment history and records with Baselane. Options for automatic late payment reminders will save time and energy while keeping tenants on track.

Cash App vs. Baselane: Features

Before you decide if tenants should start paying their rent with Cash App vs. Baselane, let’s compare the features of each online rent payment option.

Cash App: Online Rent Collection Features

  • Easy to pay rent for a wide range of services.
  • The Cash App mobile app is compatible with rental business payments.
  • Send money using an email address, phone number, or $Cashtag.

Baselane: Online Rent Collection Features

  • Quick and easy sign-up process!
  • Payments for rent, security deposits, and other fees are deposited directly into a landlord’s bank account within two business days through our online rent payment service.
  • Tenants can make one-time payments or set up auto-pay for recurring rent payments debited from their bank account using our online rent collection service.
  • Tenants can pay rent using debit or credit card payments or ACH transfers from their bank account through our online rent payment service.
  • Tenants can manage and pay online rent payments from any desktop, mobile, or tablet device.
  • Automated rent reminders and payment confirmations are sent to tenants.
  • Landlords can easily track payment history and any overdue rent payments
  • Landlords can receive real-time notifications of online rent payments.
  • Online rent payments are secure with 256-bit SSL bank-level encryption.
  • Independent landlords can track rental property finances.
  • Generate one-time invoices.
Rent CollectionFree online rent collection for landlords and no transaction fees on ACH payments for tenantsNot directly offered, but can receive payments
Accounting ToolsComprehensive landlord accounting and bookkeeping featuresBasic personal finance tools available
Tax Reporting and Analytics
Banking built for LandlordYes, with virtual accounts and cardsNo, primarily peer-to-peer transactions
Tenant ScreeningComing soonNo tenant screening services
Payment SecurityBank account integration and enhanced security features for transactionsNo protection against accidental transfers to the wrong person.
Security Deposit Accounts for Landlords
Automated Payment Reminders
Auto-Pay Rent Option
Quickbooks Integration

*Tenant payments via ACH not deposited into a Baselane Banking account will incur a $2 fee. Landlords can cover the fee or pass it on to the tenant.

Cash App vs. Baselane: Collecting Rent Online

Baselane and Cash App make it easy to collect rent online. To determine which online rent collection app is better for your online rent collection needs, consider some notable differences:

Collecting Rent with Cash App

  1. Both tenant and landlord must install the rent collection app
  2. Tenant enters landlord’s email, phone number, or $Cashtag
  3. Enter the reason for payment
  4. Accept amount

Collecting Rent with Baselane

  1. Sign up
  2. Connect a receiving bank account
  3. Add rent payment collection details and invite tenants
  4. Collect rent
  5. Track and manage rent payments

Keep in mind that landlords don’t have the option to block partial rent payments with CashApp. Collecting partial rent payments can create issues with the eviction process in some states. For instance, Texas will make you restart the eviction proceedings if you accept a partial payment after filing in court. You should check with your state’s eviction laws for regulations on
accepting late rent payments.

When you process online rent collection through a platform designed for landlords like Baselane, you can manage, track, and stop partial or late payments.

We asked a multi-unit real estate investor in Florida to compare the best online rent payment systems with rent checks. After making the switch, the investor reported, “Baselane has transformed how I manage my properties because everything is automated in one place.”

Final Thoughts

Cash App is easy to use but not built for landlords. It’s more for quick payments between friends. On the other hand, Baselane is made just for landlords. It helps you keep everything in order, from collecting rent to tracking your property expenses.

Ready to say goodbye to the stress of monthly rent collection? Baselane’s got all the tools you need in one place. Sign up for a free Baselane account today.

How to choose the best rent collection app?

Know what features to look for when choosing a rent collection app.


What are the benefits of using rent collection software?

Not only do tenants prefer to make their payments online, but also rent collection software offers flexibility, instant invoices, and payment reminders. Property management software consolidates your banking and bookkeeping, leaving you with rent paid on time and happy tenants.

Why should I convince my tenants to switch to online payments instead of checks for rent?

As a landlord, you want to choose payment options that are easy to document and quickly process. Collecting checks from your tenants might seem like a good idea until it comes time to deposit. Your tenant may not have funds in their account, or the check could get lost in the mail. Accepting rent payments online makes it easy to track the rent, set automatic reminders, and enable recurring payments.

How can I sign up for Baselane?

Create a free Baselane account in minutes:

  • Sign up using an email, full name, and password
  • Follow the instructions in the confirmation email
  • Start exploring Baselane
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Banking built for real estate

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Financial Technology, Real Estate Investing, and Property Management, Accounting and Tax, Finance
Saad started his career as a Certified Public Accountant (CPA) working for a top-tier accounting firm. He was responsible for helping audit alternative investment funds. He later worked at a hedge fund where he was responsible for preparing financial statements and implementing new technology. He also ran a successful private tax practice for five years.

After completing his MBA at Duke, Saad joined The Boston Consulting Group to do management consulting. At BCG his experience spanned several industries and growth projects across Pharma, Retail, and Technology companies. His passion for democratizing finances led him to Plaid, a fintech, where he worked with large Banks and Financial Institutions to make finances and money easier for all.
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Collecting Rent Through Cash App vs. Baselane: Which One is Better?
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