Do Any Of You Take Credit Cards, Debt Cards, Or Paypal?
I was thinking if I could set up a way to take these cards so I could get my money faster.
Also how hard is it to set up an automatic withdraw. I know that I can set up almost every bill I owe to automaticly take the money out of my acount if I want. Have any of you done this with your tenents? Any help would be great.
J
We also have them pay the bank directly. No more late payments. You do have to make sure the rental amounts of your properties are different values.
I have 1 I take credit card for but they had to sign an agreement to say they could not dispute the charges.
How do you do it? Do you have a merchant account?
Thanks
Thanks Webuy I needed a laugh......
I accept Paypal for my short-term vacation rental. I offer it as an option to folks but require them to pay 3.5% for a processing fee. It amazes me how many folks do this - about 30%.
However, this clientele has money - they are willing to spend thousands on a weeks vacation renting cabins, boats etc.
This is probably not a viable option for residential rentals unless it is high end stuff with tenants often out of town on business trips, etc.
I accept paypal and bill them an extra fee to cover some of the paypal expense. I do incur part of the expense. I am looking to do automatic bank draft I think that would eliminate the fees. Anything to make it easier to pay after all they are the customer.
Tmax,
Your systems sounds good but I am afraid that you have misused the forum. Send me this info via a PM. Thanks
J
I have been using the online property management system renttropolis for about 6 months now. They offer direct debit process(which I have not used yet) and also paypal. All I had to do was setup a business account with Paypal and have my tenant signup online. The system allow me to charge an additional fee for a paypal transactions and I have found that the tenants that I have using it prefer this payment option over sending me a check.
What is the cost? Do your tenents like this paymenet method?
The cost of the property mangagment system is $19.97 a month and the additional paypal fee is 2.9% of the transaction. But I would imagin that you can just use paypal if you like but I like all of the other benefits that I get from the online property management software.
And all of my tenants that have computers that I am aware of are using it[ Edited by boo151 on Date 04/08/2007 ]