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Updated over 5 years ago on . Most recent reply

User Stats

31
Posts
14
Votes
Rich Zellmer
  • Weehawken, NJ
14
Votes |
31
Posts

Best ePayment / ACH service for Weekly rentals

Rich Zellmer
  • Weehawken, NJ
Posted

Can anyone recommend a good service for invoicing tenants for weekly vacation rentals and allowing them to pay via check.   The reason I mention that these are weekly rentals where my friend doesnt need a tenant management portal as he will have mostly one time tenants.   We were going to use quickbooks for the payments as that is what I use but for new clients hey charge a 1% fee for paying via ACH rather then a .50 fixed payment.  There is a $10 cap which wouldn't be awful if he just sent one invoice per customer but payments are often broken down in to 2 or 3 payments over the winter season so we are looking at fees that could be $20-$30 per week of rent.  Rents are high, over $7500 a week so the best solution is likely a cost not a percentage based solution. 

any ideas? 

Most Popular Reply

User Stats

31
Posts
14
Votes
Rich Zellmer
  • Weehawken, NJ
14
Votes |
31
Posts
Rich Zellmer
  • Weehawken, NJ
Replied

paypal fees are expensive unless the person sends as 'fiends and family.'  With paypal fiends and family often associated with scammers I wanted to stay away from that.

Zelle would be fine if the tenant knew how to use and their bank supported it.  I like the idea of starting with a payment request,  I have BOA (a Zelle partner) so fired up the app and tried to request money from my son and just got errors that I cant complete the request.   so not sure how well zelle works if the person you are requesting from has never used zelle before. 

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