Do you accept online payments for rent?

By
Real Estate Broker/Owner with Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ

We have kicked this idea around for awhile, but always put it off. recently we decided to look into it seriously, and it seems the fees for merchant services to do this are enormous! Have any of you found a good solution which you might share? I can handle the web page work, what I need is the accepting cards part.

Thanks in advance for nay help steering me in the right direction.

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Leslie Prest, Prest Realty                                      Find us with Payson info on Facebook and Twitter
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We've been in Payson for 20 years, and         
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http://www.PrestRealty.com
Leslie@PrestRealty.com

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Rainmaker
1,267,607
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

NO....a local C21 firm that does property management had $65,000 taken and deposited into the Bank of China and their escrow account bank said BECAUSE THEY HAD ALLOWED ACCESS TO THEIR ACCOUNT - for direct payment or ACH, there was NO RED FLAG to their system.

I have over 90 properties and tenants can pay me by CHECK to my post office box or have their bank send me a payment and I REMOTE scan them into my bank account...

I MAIL owner checks to their bank's bank-by-mail facility with their account #s...a LOT easier to stop payment on a check lost in the mail than recover $65,000 from the Bank of China

Apr 16, 2013 08:17 PM #1
Rainer
205,570
Mark Delgado
houses for rent, Solano County & Glen Cove - Benicia, CA
Benicia and Vallejo, Property Management, rental h
We do not but have been considering it ourselves. Wallace's story now adds a new dimension to the thought process but I have to imagine that type of thing being the very rare exception rather than the norm.
Apr 16, 2013 10:21 PM #2
Rainmaker
335,293
Leslie Prest
Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ - Payson, AZ
Owner, Assoc. Broker, Prest Realty, Payson,

Wow! That puts a new light on it! Thanks, Wallace, for the info, and Mark for the comment. I HOPE that is a very rare occurance, but we certainly couldn't afford to have our account wiped out, so IF we do this we will link it to a separate account and sweep it regularly so we can't lose too much.

 

Apr 17, 2013 03:01 AM #3
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Rainmaker
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Leslie Prest

Owner, Assoc. Broker, Prest Realty, Payson,
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