Hands off option to collect rent from cash-paying tenants?

[Megan Greathouse]

Hey, all. I've searched the forums on this topic, but everything I've seen seems to be outdated at this point, so I'll bring up the question again...

I am transitioning to self-managing my 8 units. Of those units, I have just two tenants who pay in cash. I definitely don't want to pick up cash, and I'd prefer not to deal with them sending payment through the mail (and the excuses that could come with that). I did consider having them deposit directly to my bank, but I think it's a bit far away for them.

SO... I've been looking at various PayNearMe options. Most of the ones I've seen referenced on older forum posts, such as PayNearMe, PayLease, etc. don't work with smaller investors. They seem to want you to have 100+ units paying with cash before they'll let you use their services. OR, the options I could pay for are far too expensive to justify when I only have two tenants paying rent with cash.

The only option I've found that makes sense so far is MoneyGram... they have locations near my units where the tenants can pay with cash. However, I still have to go pick up the payment from a MoneyGram location near me.

Have I missed any potential options? I use TenantCloud as my online property management portal with my tenants. If anyone has other ideas, I'd appreciate it!