A recent survey conducted by PYMNTS.com found that nearly two-thirds of renters in the United States are highly satisfied with receiving instant refunds for rent-related payments [46588d3f]. The survey, which included over 2,600 consumers, revealed that 40% of renters primarily used instant methods for receiving rent-related refunds. Of those, 19% received most of their payments instantly to a bank account, while 13% received them to a digital wallet. On average, rent-related refunds received via instant payments were 46% larger than those received via non-instant methods. Property management companies that offer digital and instant refund options have a competitive advantage in attracting tenants. However, the survey also found that 44% of renters were not offered the option to receive instant payments, and 35% of this group would have chosen instant payments if given the choice. Some renters expressed hesitation in embracing faster payments due to security concerns and a lack of incentives and rewards. Overall, the survey highlights the growing shift toward faster rent-related refunds and the opportunity for property management companies to engage digitally savvy consumers by offering these payment options [46588d3f].