Collecting Rent through ePayments (Yes or No?)

Collecting Rent through ePayments (Yes or No?)

Chris WaltersPro Member
Montreal, Québec · Member since 2016 · 133 posts · 19 votes

Hi everyone,

What is your opinion about collecting rent through electronic payments? Specifically online debit or credit card payments. 

Any good or bad stories? Any methods of preventing a tenant who uses a frauded card on the last month of the lease before moving out?

Mailed or picked up cheques seem to still be the most common method, but I am wondering if anyone has or is considering online payments.

I know there is often a fee attached to the epayments, which might discourage your tenants...

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South Bend, IN · Member since 2015 · 180 posts · 93 votes
9y
C. Timothy Murphy III I use erentpayment and theee is an option you are able to select when setting up the property that allows you to not accept partial payments.
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  • Rental Property Investor · Milwaukee, WI · Member since 2016 · 62 posts · 28 votes
    9y
    I don't know if it qualifies as an "E" payment but I use deposit cards through Wells Fargo, works great. The deposit can happen at an ATM or in the bank. I just have to know the card number associated with the tenet as the name won't show up on my statement. No fees and the deposit posts right away.
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