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Updated over 4 years ago on . Most recent reply

User Stats

43
Posts
14
Votes
Joseph Leibovitch
  • Rental Property Investor
  • Baltimore
14
Votes |
43
Posts

Accepting digital payments

Joseph Leibovitch
  • Rental Property Investor
  • Baltimore
Posted

Are there any cons in accepting digital payments like Zelle or paypal? People today do not want to send a check. It is also instantly in my bank account. 

Most Popular Reply

User Stats

29
Posts
24
Votes
Scott Hawks
  • Rental Property Investor
  • Gadsden, AL
24
Votes |
29
Posts
Scott Hawks
  • Rental Property Investor
  • Gadsden, AL
Replied
Originally posted by @Joseph Leibovitch:

Scott that is an invaluable point. Been there. So you mean to say if they mail a check and it is not the full amount you can just send it back. That way the clock doesn't restart. 

 It's dependent on the laws where you are, but my understanding is yes.  If you don't cash the check and return it, that doesn't reset the clock.  I use Innago to manage my rentals and digital payment (free for landlords).  It charges the tenant a fee for ACH and Credit/Debit card transactions, but it gives you the ability to turn on and off partial payments.

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