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Updated over 5 years ago on . Most recent reply

User Stats

11
Posts
2
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Jed Hefner
  • San Antonio, TX
2
Votes |
11
Posts

Convenience when paying a contractor? Adopting technology?

Jed Hefner
  • San Antonio, TX
Posted

Anyone ever used modern apps like paypal, venmo, etc. to pay contractors?

Any contractors accept these modern payment formats & have advice on convincing someone to take the time to set it up to accept these payments?

My thinking is that I want to add value to my contractors by being able to pay them virtually instantaneously, as we all know speed of payment and fast cash flow is important to their business....but lately, I have struggled to convince a couple of guys to adopt these payment methods.  

Any thoughts are appreciated.  TIA

Most Popular Reply

User Stats

142
Posts
125
Votes
David Stumpf
  • Rental Property Investor
  • Baltimore, MD
125
Votes |
142
Posts
David Stumpf
  • Rental Property Investor
  • Baltimore, MD
Replied

@Jed Hefner IMO the person who is providing the service should says what payments are accepted. I agree that PayPal or others is much more convenient however I am not going to have renters tell me that they want to pay me in amazon gift cards. I would suggest it and if they say no pay them how they prefer.

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