Electronic Rent Payment HELP!

[Louis A.]

Hi fellow BP Gurus!

Need advice for an immediate, FREE, quick & easy solution for electronic payments.

For the past 3 years I had been collecting all of my rents electronically -- First started out with Chase QuickPay and it eventually transitioned to ClearXchange without any problems. Best of all, it was 100% FREE for both landlord and tenant. However, recently the platform has transitioned yet again, this time to ZELLE. Several of my tenants reached out explaining that ZELLE is imposing a $500 weekly limit for non-member banks -- The problem is that most of my rents are ~$1500.

I own/manage 16 doors in the Chicago area, to say this is super frustrating would be an understatement. 

Thanks in advance for your help and advice!

[Cynthia Stith]

I just put my unit on cozy.co and *LOVE* it.  No cost for me (except they do take up to 5 days to post funds) and no cost to tenant (unless they pay by CC and cozy charges them.

I was so tired of "the check is in the mail".  I don't mind waiting a few days for funds as long as I know it really is coming and not just floating around.

Good luck!