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Updated over 11 years ago on . Most recent reply

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Luke S.
  • Midwest, IA
0
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30
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Credit card rent payments (upcharge?)

Luke S.
  • Midwest, IA
Posted

I just picked up some units this week and some of the residents are used to paying with a credit card.

If i get a 'square' and use that to pay for them, it will likely cost me %2.75 of their rent to do it.

Anyone know the rules or a direction to look on if it is legal to 'upcharge' that fee to them?

Most Popular Reply

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618
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351
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Robert Steele
  • Investor
  • Lucas, TX
351
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618
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Robert Steele
  • Investor
  • Lucas, TX
Replied
Originally posted by Al Williamson:
Just have them pay through PayPal which handles their cc/bank draws

Yeah until PayPal reverses their rent a few weeks later because they made up some compliant.

Friends don't let friends accept rent via PayPal.

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