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Updated almost 9 years ago on . Most recent reply

User Stats

35
Posts
8
Votes
Mike Walker
  • Realtor
  • Stow, OH
8
Votes |
35
Posts

What's a good reputable online payment system to collect rents?

Mike Walker
  • Realtor
  • Stow, OH
Posted

I'm not a big fan of running around to collect the monthly rent or waiting around to see if the check is in the mail.

What's a good reputable online payment system to collect rents. Any suggestions or recommendations? Does anyone have any success using the Intuit QuickBooks Payment system? Looks like they have a low 50¢ per transaction for ACH/bank transfer and checks. I'm only using the desktop version of QuickBooks, so, I'm not sure if it'll work.

Open to any recommendations!

Most Popular Reply

User Stats

2
Posts
2
Votes
Robert Lindwall
  • Investor
  • Belvidere, IL
2
Votes |
2
Posts
Robert Lindwall
  • Investor
  • Belvidere, IL
Replied

I have been using Cozy.co, and I would recommend it. The service is free for both landlord and tenant. They do have a float of 5 days, so that is were they are making their money.

They also provide two options that I find beneficial. 1) the ability to schedule payments through out the month. 2) they allow you to add additional charges to the tenants account (i.e. Water, late fees, etc).

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