Electronic payments for the unbanked

[Matthew Insley]

I currently have about 80% of my tenants mail me a money order and do not have bank accounts.  I would love to try and get some or most of them to pay me electronically using paypal or venmo.  Does anybody have experience doing this? I have read that paypal might have an option to deposit cash into a paypal account at CVS/Walgreens.  I do think that all of my unbanked tenants have smartphones that would be capable of having paypal on them.  My initial thought was to give a one time rent discount for the tenants who tried this payment method out.