Pros and Cons of Collecting Rent Electronically Via Named Sites

[Jen Faulkner]

We've never collected rent electronically, but we'd like to start.  I've heard of eRentPayments, PayLease, Dwolla, and PopMoney.  For those of you who use these services, what are the pros and cons of each?  Is there a reason that you've chosen one over the other?  Besides the ones I've named, what others are there?

[Eric G.]

Make sure whatever e-platform you use that it has the ability to decline payments and go into "eviction mode."

In California, if you start an eviction process and the landlord accepts even $1 you have to start over from scratch. So again, make sure you have the ability to turn off or reject payments.