Using Venmo to collect rent

[Nick Ferguson]

Has anyone used Venmo to collect rent?  If so, what was your experience?

I'm currently using a bank that has a branch both where I live and where my property is (about 4 hours drive).  I am thinking about switching all of my business banking to a local credit union to try to build a relationship locally and open opportunities for better future financing.  If so, there obviously won't be a branch near my tenants so I'm considering options.  I don't want to deal with mail and checks/cash and I don't want to pay extra for a service that should be free. 

Thanks everyone. 

[Zach F.]

I use Cozy, it's free and you can have your residents setup direct deposit recurring rent collection. I see the appeal of venmo, not sure you can set it up as recurring automatic pulls from residents bank accounts like you can in Cozy though. I'm really big on Cozy, I've found it's the only free bank to bank rent transfer site available.