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Updated 9 months ago on . Most recent reply

User Stats

5
Posts
5
Votes
Tony C.
  • Investor
  • San Francisco Bay Area
5
Votes |
5
Posts

Recommendations for online payment systems

Tony C.
  • Investor
  • San Francisco Bay Area
Posted

Hi folks-

Looking for recommendations for services to receive online rent payments. We are a low volume housing provider. We have used ACH payments, bank-to-bank, in the past. I like this method, but I've noticed more banks are charging hefty fees for these types of transactions. Being in the SF Bay Area, rents are pretty high, so payment systems with limits of $5k or more won't work. I prefer to avoid kludgy systems that weren't designed for regular, high-dollar transactions like rent payments (Venmo, Paypal, Zelle, etc.). What system(s) and/or financial institutions (for tenants AND landlords in the SF Bay Area) do you use that you like and can recommend for your own rentals. Thanks in advance.

Most Popular Reply

User Stats

375
Posts
379
Votes
Tim Miller
Pro Member
  • Rental Property Investor
  • Laurel, MD
379
Votes |
375
Posts
Tim Miller
Pro Member
  • Rental Property Investor
  • Laurel, MD
Replied

Everyone is going to love the service they use. Prime example is Jake can't say enough about Turbotenant. Where as we tried it and didn't like the service. We settled on Innago, my advise is to sign up to 3 to 5 services and test them out. See which one will work for you the best. Good luck.

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