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Updated almost 7 years ago,

User Stats

68
Posts
27
Votes
Louis A.
  • Investor
  • Chicago, IL
27
Votes |
68
Posts

Electronic Rent Payment HELP!

Louis A.
  • Investor
  • Chicago, IL
Posted

Hi fellow BP Gurus!

Need advice for an immediate, FREE, quick & easy solution for electronic payments.

For the past 3 years I had been collecting all of my rents electronically -- First started out with Chase QuickPay and it eventually transitioned to ClearXchange without any problems. Best of all, it was 100% FREE for both landlord and tenant. However, recently the platform has transitioned yet again, this time to ZELLE. Several of my tenants reached out explaining that ZELLE is imposing a $500 weekly limit for non-member banks -- The problem is that most of my rents are ~$1500.

I own/manage 16 doors in the Chicago area, to say this is super frustrating would be an understatement. 

Thanks in advance for your help and advice!

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