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Updated over 7 years ago, 08/06/2017

User Stats

174
Posts
72
Votes
Bryce Cutler
Pro Member
  • Investor
  • Wynantskill, NY
72
Votes |
174
Posts

Making payment to Private lenders

Bryce Cutler
Pro Member
  • Investor
  • Wynantskill, NY
Posted

Hey BP family,

I was using Dwolla to pay my private lenders as it was easy and I could set it up as automated and I loved it for $0.25 per transaction. 

They have now raised their fees and it will cost me $5 per transaction. Across multiple lenders that will really add up. So I am looking for suggested websites that are used to be able to make these payments direct to the lenders bank accounts without being overwhelmed with fees. 

I checked out PayPal but then the lenders have to go in and transfer to their Bakker account and I'm looking for something very automated. My bank doesn't offer P2P options on the business side so that's out too. 

Any suggestions would be greatly appreciated. 

Thanks in advance,

Bryce

  • Bryce Cutler
  • Loading replies...