Cozy.co to replace Dwolla, questions

[Mike S.]

Since Dwolla is transitioning to an api and not a service, I'm looking at using cozy instead.  With Dwolla, I've conditioned my tenants to expect a request on the 24th and usually all of them will begin the payment with the payments arriving to my account  on or before the 1st of the month.

My question about cozy is, is there a manual(like Dwolla) or automatic system to notify tenants 4-5 days before the first of the month to pay or does it only send notices on the first?  It isn't clear on the site when notices, if any, go out.   I don't want the payments to begin processing on the 1st, since they would arrive to my account after the grace period in most cases and incur late fees.

[Mike S.]

Originally posted by @John A.:

I'm not a lawyer, but I would think as long as the tenant has made payment to cozy or dwolla within the grace period, they have met their obligation to pay rent.  It doesn't matter when the money hits your account.  

       This is not true, a tenant cannot make a payment on the last day of the grace period, and while processing, expect to avoid a late fee.  This is the modern day version of the check is in the mail.  It's the date of receipt.  Also, the tenant has the option of delivering the rent directly to me if they know the e-payment will be late.  This avoids the conflict that a Judge may decide to nullify a late payment fee due to not allowing an alternative.