Online Rent Collection

[Brewer Staub]

Does anyone use Cozy.co for online rent collection? They advertise free ACH for landlords, and tenant can use a credit/debit card for a $3 fee (tenant pays). Reviews show the main complaint is it takes longer than other payment collection sites for you to see the money deposited in your account. Right now my property manager collects rent on the first but I don't see it deposited in my account until the 12th anyways.  I am looking for a convenient and inexpensive way to collect rent online, if you have any suggestions of other online services. Thanks!

[Jason Hartley]

I think Cozy's turnaround is similar to the others being that it's about 4 days (plus banking delays).  I would imagine their CC rate is 3% though.  Personally, I use Rentec Direct for my ACH payments and rent collection.  I get the expedited funding so it deposits to my account the next business day so I don't have to wait the 3-4 days.  A few of my tenants pay via credit card, but most are ACH.