Credit card payment for rent?

[Peter Assaad]

Has anyone accepted cc payments for rent? Situation I have is my property manager is renting one of my places for 1450/month. Tenant pays using SQUARE- and they take approx 3%. Effectively then, I'm left with closer to 1400/month. That said, do you ask tenant to increase the amount by which they are being billed so that you get the full 1450 (that's what the lease is for) or settle w the lesser amount? Do I have a right to ask for the full 1450? Thanks all! P

[Yuriy Tymoshenko]

Originally posted by @Rick S.:

Hi Peter,

Each state is different in regards to whether you can pass a surcharge to the renter so be careful about that.  Here is a good reference for the state laws in regards to surcharges:

http://www.ncsl.org/research/financial-services-and-commerce/credit-or-debit-card-surcharges-statutes.aspx

 Thanks for this post. Apparently, in Florida it is a second degree misdemeanor to charge a surcharge. As if I need anything else on my rap sheet from college)))))