ACH vs Credit Cards - Using Incentives

[Tyler Faison]

I first want to start out by saying said obviously credit cards are not the preferred payment method for landlords, but we are operating a business to generate a certain type of tenant for our commercial rentals (musicboxrooms.com). We’re happy with the system in place overall. We currently accept both ACH payments as well as credit cards. I’m curious if anyone here is using any sort of incentive to have customers pay via ACH instead of their credit card. A raffle of some sort comes to mind, but I am sure there are other creative solutions here. We currently spend about $350 per month on CC fees to bring in about $20,000 in revenue. We get good rates, but would love to increase the margin even more. Thanks in advance!

[Jill F.]

Originally posted by @Rita Neri:

My attorney says DO NOT TAKE ACH PAYMENTS!!!

if your evicting a tenant, they can put $3.00 in your account and start eviction process all over again, and a property manager said it happened to her.  They tell the judge that they are making efforts to pay!

Ohio Judges, from what I've heard wouldn't let that fly-- but we block site access for tenants under eviction and require that they pay cash with the paynearme service which we offer with Buildium.