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Updated over 3 years ago on . Most recent reply

User Stats

352
Posts
242
Votes
Bob Langworthy
  • Accountant
  • Brunswick, ME
242
Votes |
352
Posts

Venmo to start charging high fees. Alternatives?

Bob Langworthy
  • Accountant
  • Brunswick, ME
Posted

We've been using Venmo to accept rent payments. It has its pros and cons, but one of the pros has been the lack of fees. Beginning August 2, they will start charging 1.9% for accepting rent and 1.5% for sending an instant payment. What are you using to accept rent payments?

  • Bob Langworthy
  • Most Popular Reply

    User Stats

    12,336
    Posts
    14,951
    Votes
    John Underwood
    #1 Short-Term & Vacation Rental Discussions Contributor
    • Investor
    • Greer, SC
    14,951
    Votes |
    12,336
    Posts
    John Underwood
    #1 Short-Term & Vacation Rental Discussions Contributor
    • Investor
    • Greer, SC
    Replied

    Zelle. It's free, supported by the major banks and transfers in seconds. 

    I also use PayPal, ACH and my favorite is they just deposit directly into my business account.

  • John Underwood
  • Loading replies...