Zego Introduces Resident Payouts to Simplify Security Deposit Refunds
New feature enhances the move-out experience through automated security deposit payouts
SAN DIEGO, Calif. (June 27, 2024) — Zego™, a Global Payments (NYSE: GPN) company and leading property management automation platform, is pleased to announce the launch of Resident Payouts. This innovative solution automates security deposit refunds, ensuring a smooth and efficient move-out process for residents and property management teams.
Through a partnership with FINTAINIUM®, Zego empowers property managers to digitize, automate and securely manage resident payouts. This ensures faster resolutions, simplified communication and streamlined logistics, resulting in happier residents and reduced workload for property management teams. By eliminating the traditional paper-based processes, Zego’s Resident Payouts modernizes workflows and enhances the overall move-out experience.
“Resident Payouts significantly improves the move-out process for property managers and residents,” said Mark Peters, President & General Manager at Zego. “Our solution not only speeds up security deposit refunds but also simplifies compliance and enhances the overall experience for all involved.”
With Resident Payouts, property management staff can easily create a new payout by selecting a resident, entering their contact information, the payment amount and any optional notes. Residents then receive a link to choose their preferred refund method – check, ACH, or Rapid Pay™. Property managers can track payout statuses and view detailed transaction summaries through the intuitive Resident Payouts Dashboard.
Delayed security deposit returns are a top concern for residents during move-outs. Resident Payouts provides faster electronic refunds and improves resident satisfaction without adding operational strain, leaving residents with one final positive experience before leaving your community.
For more information about Zego Resident Payouts visit: https://www.gozego.com/platform/zego-pay/resident-payouts/.
About Zego
Zego (a Global Payments company) is a property management automation company that simplifies cumbersome yet critical workflows for managers and associations. The mobile-first platform mitigates risk and accelerates NOI growth by helping clients to scale resources, build trust, and make data-backed decisions. From payments and utility management to resident communications, all workflow automations seamlessly integrate into back-end systems, ensuring users have real-time and accurate information at their fingertips. Learn more about what makes Zego one of the best workflow automation platforms for property management at gozego.com.
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