Does anyone use online rent payment websites?

[Matt Sullivan]

Has anyone had any issues using online rent payment websites?  My wife and I are looking to start a Property Management company for both our rentals and others.  I'm trying to figure out if is just easier to open up a local bank account and have tenants deposit in that account, or go with something like RentPayment.com, that allows tenants to pay via credit/debit card, ACH, or cash and they can use their phone, web, or drop cash in person.  Thoughts?

Also, I have heard about automatically pulling rent from tenants.  Not quite ACH, but tenants give you access to their checking account, and if they don't have the rent in the account, then you just charge their credit card.  Anyone heard or use this method?  If so, how do you set that up?  

[Chris MacCary]

I use Rentalutions and have been pleased with it. Very easy to set up and my tenants have setup recurring payments. You get notifications when a payment is scheduled, paid, and then the funds deposited in your account. I should say I only have 1 unit right now so I don't have to pay a monthly fee. I'm not sure how their pricing stacks up across the board.