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Updated over 3 years ago on . Most recent reply
eRentPayment alternative now that Zelle is imposing daily limits?
Several years back when I was a landlord, I was using eRentPayment at the advice of this site. In the past year, I've been renting a private home and we've been paying our landlord using Zelle. Unfortunately, Zelle just reduced their daily limits to $500/day (at least with Ally bank), so this solution is no longer workable for rent payments.
I was going to suggest that our landlord use eRentPayment since we had great success using it several years ago, but then I discovered the ongoing problem with their payment provider.
What's everyone using now that's similar? We just need to be able to successfully transfer money monthly without using checks.
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@Monte K. A few different options. Try using another bank. Your Zelle limit with Ally might be $500, but I just checked my limit with Chase bank and it's $5,000 on sending money and unlimited on receiving money.
If you don't want to switch banks, consider using Venmo. I believe their person-to-person limit is $4,999.99.
Lastly, you might also consider using Cozy. It's specifically for rent-collection, and I don't even think they have a limit.
All of the above options would allow you to electronically transfer money without using checks, and are free for both you and the landlord.