Friday, March 29, 2024

Timer

Square Off: the good & the bad of RentMoola

First Published:

[projekktor src=’https://488b0f6bbd6e1f02d285-a9990803a5649dd3960d912508d8bce9.ssl.cf2.rackcdn.com/2013-1118-RentMoolaSQ.mp4′ poster=”]

Remember when you used to write post-dated cheques to pay rent or condo fees? Some people still do, but according to the folks at RentMoola, that type of payment is going the way of the dodo bird.

The online payment network wants you to pay your rent using their app with your credit card. The app may be free to download but the payments do carry a fee.

RentMoola is also attracting landlords who are looking for an easier way to get paid. At a time when so many Canadians are already carrying a bigger-than-average debt load, is this a good idea?

Joining us from Queen’s Park is Melissa Leong, a personal finance writer with the National Post; and also in Toronto is Andrew McLeod, a partner in RentMoola.

More Top News

With budget mostly silent on climate change, critics say Ontario lacks plan to adapt

The Ontario budget's failure to directly address climate change represents a "gross abdication of responsibility" by the government, some critics argue, saying the province...

County Council approves emergency funding for gender-based violence organizations

County of Brant Council approved a one-time allotment of $266,177 to be split between Intimate Partner and Gender-based Violence organizations during their regular Council...

Police searching for missing 78-year-old last seen in Burlington

Hamilton police are turning to the public for help finding a missing 78-year-old man. Ronald Mitton was last seen in Burlington near Harvester Road and...

Masked man who robbed Beamsville dispensary at gun point at large

Authorities are on the hunt for a man who robbed a cannabis dispensary at gunpoint in Beamsville. Authorities say they were called out to the...

Pioneering soccer star helped build foundation for future generations

Lydia Vamos excelled at every level she played at and established herself as one of the early Canadian soccer stars to lay the foundations...

Apartment fire in Hamilton captured on video

An apartment fire in Hamilton was caught on video and shared to social media yesterday. No one was injured but the fire department says that...

Review your insurance policies for home invasion coverage

With home invasions on the rise in Canada it's a good time to review your insurance policies. Disability and injury lawyer Nainesh Kotak joined...