Electronic payments for the unbanked
I currently have about 80% of my tenants mail me a money order and do not have bank accounts. I would love to try and get some or most of them to pay me electronically using paypal or venmo. Does anybody have experience doing this? I have read that paypal might have an option to deposit cash into a paypal account at CVS/Walgreens. I do think that all of my unbanked tenants have smartphones that would be capable of having paypal on them. My initial thought was to give a one time rent discount for the tenants who tried this payment method out.