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Updated over 6 years ago on . Most recent reply

User Stats

4
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0
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Austin Payne
  • Rental Property Investor
  • Oklahoma City, OK
0
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4
Posts

When are online payments considered paid?

Austin Payne
  • Rental Property Investor
  • Oklahoma City, OK
Posted
Hey guys first time posting here! I recently started using cozy.co to process online rent payments. Do you consider rent paid once the payment is sent or once it is finished processing?

Most Popular Reply

User Stats

197
Posts
102
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Michael Badin
  • Rental Property Investor
  • Apex, NC
102
Votes |
197
Posts
Michael Badin
  • Rental Property Investor
  • Apex, NC
Replied

If it has "started" I consider the payment in process. I don't charge a late fee. If however the payment does not go through then a late fee is applied.

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