What is cash app and should I accept it? I did a Google search, so I know the basics, but what makes it the next best thing so to speak.
3 different tenants have asked if I accept it in the last 6 months. I don't know much about it and am curious to see if anyone else uses it.
Almost all my Tenants pay with CashApp
It's a free app in iPhone - you attach a debit card from your checking to the app and when Tenants transfer money from their checking, you'll see that transaction is pending
It takes 1-2 business days to the money to be available in your checking. When the app started - it was immediately available for free, now it's 1% if you want it now.
I include that in the lease agreement: if the tenants pay. On the last day to avoid late fees, they can add 1% to their rent.
My friend was using it for few years, I do maybe a year or two. It works great so far
Thanks. I installed it to my phone last night. I think I will give it a try. I am always the last to try anything. I only got paypal in 2016 per tenant request.