Best way to set up ACH transfers and what does it cost?

Question

Was thinking of switching my tenants over to ACH transfer but am lost and new to ACH which is why im here asking?.

How much does it cost each transaction and what is the best way to set it up safe and securely?

Thanks

Elizabeth Bassett · Answer

I've recently started using a website called williampaid. Everything seems to work great. You just enter your rental unit addresses, and then enter your bank account info (you need to send them a voided check to verify). The tenants then get on the site, and enter their bank info (with the option to set up auto payments). Then with one click they can pay their rent. Best of all....it's FREE for you and them!. They can use a credit card even for a 3%ish fee. They can also opt in to have their payment info sent to TransUnion to improve their credit score. Many tenants taking advantage and liking it.

Chris K. · Answer

Depends on who you use. I've signed up with erentpayment and they charge $3 each transfer. It's really easy to setup.

Best way to set up ACH transfers and what does it cost?

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