Update 6:45am PST on 2/26/2015: Never mind, according to RadPad, “Unfortunately, at this time we are only able to process rent payments. We have very strict contractual guidelines with our Pay with RadPad partners that do not allow us to process anything else, and we really can’t jeopardize that relationship.”
Good morning everyone, I’m sure everyone has heard of RadPad, right? It is the latest way to pay your rent with a debit card (free) or credit card (2.99%). If you looked at RadPad’s home page, you would assume that it is only possible to pay your rent with the service, since the word ‘rent’ is mentioned 6 times on the home page. But I bet you didn’t know you could pay your mortgage with RadPad too, did you?
Full disclosure: I have never used RadPad, so the following information and screenshots come from my friend.
He liked the idea of paying rent with a debit card (using either a UFB Direct, SunTrust Debit, or PayPal Business Debit) but he has a monthly mortgage payment, not a rent payment. After a few emails to RadPad, he was able to add his mortgage company as a payee and pay his mortgage payment with his debit card.
If you are interested in paying your mortgage with RadPad, send an email to Jeff Bishop, the Vice President of Marketing & Customer Service at RadPad. His email address is jeff at onradpad dot com. There is no guarantee that RadPad will be able to pay your mortgage company, but it is worth a shot.
Here is an email update after RadPad mailed the check to my friend’s mortgage company. I assume RadPad’s “Rent Guarantee” also covers mortgage payments.
A few days later, the mortgage payment was received and deposited by my friend’s mortgage company. Since RadPad stores your payee’s address, you can automatically pay your mortgage every month, earning miles or cash back with your debit card.
Lastly, here is my friend’s review of RadPad:
My experience with RadPad has been superb. They have answered any questions I’ve had and addressed any concerns in a timely manner. Both by email and phone. I am using my debit card to make my mortgage payment and earn airline miles. I can select an amount to pay and the date I want payment made. One thing to keep in mind is that RadPad mails a check by USPS from California. You should allow at least 5 business days. There is no fee for debit card payment up to $4999. Debit card payment of $5000 and up will incur a $9.95 fee. I believe credit card payment fee is 2.99%. At this time highly recommend RadPad. I made my second mortgage payment with them on 2/18/15.
If you have any questions, please leave a comment below. Have a great day everyone!
I am going to find out if I can pay my mortgage also. thanks!!!
Good luck, I hope it works for you.
Grant, it seems the 2.99% CC fee negates the MS possibilities correct? I suppose this is ok for meeting large minimum spends though.
Exactly. I would only use a credit card to meet minimum spend or to complete large spending bonuses.
I am thinking of buying amex gcs with my arrival card and pay rent with those.
Won’t know for awhile if UFB will pay out miles. It takes them a long time.
Bummer, I hope you find out soon. Sorry it is taking a long time to get your AA miles.
Does UFB pay out for redbird loads?
It should, but you would be better off using a credit card for Redbird reloads.
For in store, yes. But you can do online debit loads. I just hadn’t had success with it on my Soft-Serve account. That question just made me wonder if it would work with redbird online ($200/day).
Oh right, I totally forgot about that. PPBDC doesn’t work for online Redbird debit card loads :(
Yes, it does for me
Does anyone know if oneVanilla debits cards could be used with this as debit with no fee?
It should work, but you would have to use a few OVGCs to pay your full rent or mortgage payment.
Gift cards work fine, but you can’t split payments (yet).
Good to know, thanks Will.
but we can send multiple payments. so break down the 1500$ rent to x3 transaction of 3 debit visa vanilla gift cards?
Can you use a PPBMC as debit and get the PP 1% bonus?
I believe so but I haven’t tried it yet.
Thanks, Grant! Curious about same issue for the ST/UFBers out there. Just paid March 1 rent via RentShare dot com at 2.9% to help hit a min spend. Nearly a full percent lower.
Did you pay your rent with a debit card or a credit card?
That’s only a tenth of a percent lower, big difference.
I can confirm – yes.
I have a question, I just pay my rent by going into my landlords bank and depositing the money in an account he has setup, how would this work? We don’t send him a check, since he’s in Florida.
Ask your landlord if he is able to accept and deposit checks. If not, you might be able to have RadPad mail you the check which you can deposit into your landlord’s account.
I sent an email to Jeff about my Wells Fargo Mortgage. If the reply is positive, I’ll load my Paypal Biz Debit w/ 5x hotel card and pay the mortgage. Also, you answered about mailing a check that could be deposited in a landlord account. Why not load $5K on a paypal debit and have a check sent to a relative or friend?
It is technically possible but I’ve never tried that strategy.
hmmmm, ok I have to *find my PPBDC, how are you loading with a 5x? I’ve never used my PPBDC………interesting…
https://www.paypal-cash.com/
There’s only one hotel card that gives you 5x on all spend. I load pp @ the drugstore.
so you would buy the mypaypal cards with cc and then transfer them to paypal? then send a check to a friend/relative? or just unload to your bank account? don’t you pay a fee for the mycash cards?
$5K load on PPcash would cost $39 generating 25K hotel points. I consider 25K points worth a minimum of $200 because of the bogo. My last stay in Aruba, 25K was worth $700 per night for the upgrade I was given. Not a bad return.
US Bank Club Carlson, now we are talking. Great card!
My guess is that is the Hilton HHonors Amex? Why are you MSing on that?
It is not Hilton Amex! There is only one hotel card that gives you 5x on “ALL” spend.
Nevermind, it is the US Bank Club Carlson card…good card…I don’t have it, though…And I would never MS on hotel cards anyway…
He is implying using an AMEX Old Blue Cash credit card to buy PPBDCs at CVS/Walgreens.
I do not have an old blue cash. I use a 5x hotel credit card to load PPcash @ CVS.
oh nice, I have the AMEX OBC
Would this work with a Visa gift card?
Yes probably, but you would have to make several payments to pay off your mortgage/rent.
Thank you so much to everyone for writing to me to ask about paying your mortgage with RadPad! We are really thrilled to be a part of the conversation here. Unfortunately, at this time we are only able to process rent payments. We have very strict contractual guidelines with our Pay with RadPad partners that do not allow us to process anything else, and we really can’t jeopardize that relationship.
We also just updated our FAQ to address this so we don’t confuse anyone in the future. You can view that here: https://www.onradpad.com/paymyrent/faq
Again, I would really like to thank each of you who have reached out to me directly and to Grant for writing about us. I really wish we had a solution for each of you!
Thank you for the update Jeff, I’m sorry to put you and RadPad in an awkward situation. I look forward to seeing what RadPad does in the future. Have a great day!
No problem! Really showed us there is demand for this type of product. Again, thanks for everything.
Thank you Jeff, we are all looking forward to paying mortgages with a debit/credit card.
Hi David,
Thanks so much for writing in. We were really thrilled to see that our products are being discussed organically on blogs that focus on points and loyalty programs. Unfortunately, at this time we are only able to process rent payments. We have very strict contractual guidelines with our Pay with RadPad partners that do not allow us to process anything else, and we really can’t jeopardize that relationship.
We have also just updated our FAQ to address this situation, which you can view here: https://www.onradpad.com/paymyrent/faq
Again, we are flattered that you would like to run your mortgage payment through us, but at this time we are unable to honor your request.
Best,
Jeff
Jeff Bishop
VP, Marketing & Customer Service
I just got the same exact email!
Bummer, sorry David, I guess RadPad is only working on rent payments right now. Hopefully they add the ability to pay with mortgages soon.
Ah, the importance of actually fact checking with the source, rather than repeating hearsay.
Thanks for providing the email to do so… :-)
Got the same message as @DavidNJ. Fortunately, I hadn’t actually tried to schedule the payment, though it appears that the RadPad site would have let me.
How long till pp shuts down accounts for using this?
Not sure, hopefully PayPal won’t shut down accounts for paying their rent/mortgage with the PPBDC.
Hi Grant or any miles & points senior, I’m pretty new in this game, which debit cards are more suited for using RadPad to make rent payments to maximize rewards? Thanks!
Any debit card that earns rewards is a great choice. PPBDC would be my card of choice.
Seems risky to me. Why not just pay the mortgage with money orders? That’s what I do and have no problems.
That works too.
Thanks, Grant.
Hi Grant,
Any word on whether Paypal has been shutting down PPBDC transactions funded by PPcash purchased at CVS?
Thanks!
My PayPal account was shut down for buying PPMCCs. I did just about everything wrong, except for withdrawing funds to my bank account. I would stay away from PPMCCs.
any experience with OneVanilla gift cards or Metabank visa cards?
I have never used RadPad myself, but both VGCs should work
Update. Radpad still doesn’t allow Mortgage payments. They seem to be working this business model to seek out landlords to get them to use the Radpad on the back end to rent properties as well so this makes sense.
I see, that’s unfortunate that they do not want to support mortgage payments.