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Venmo to start charging high fees. Alternatives?
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?
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John Underwood
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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.