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Updated about 4 years ago on . Most recent reply

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Ben M.
  • Houston, TX
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Removing online payment after bounced payment

Ben M.
  • Houston, TX
Posted

Hello All, is it common for property management companies to block tenants from paying online after they have a bounced payment? Why would they do this? Wouldn’t this just result in tenants even missing more payments since it is getting harder for them to pay? Thank you 

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Jill F.
  • Investor
  • Akron, OH
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Jill F.
  • Investor
  • Akron, OH
Replied
ACH payments (e-checks) most commonly reverse when there is an insufficient balance, it's just like bouncing a check. When someone bounces checks, you make them use cash-- the same thing applies to ACH payments.

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