When surveying the needs of property managers who want to use electronic payment, the biggest problem we were asked to resolve is how to remove the transaction fees so that property owners will accept electronic payment as a viable payment solution. We have found solutions with our online convenience payment method and with our offline scheduled electronic check program. In this article we’ll explain these innovative solutions.
We use a convenience payment method for all online payments which can be paid by credit card or electronic check. Tenants pay a convenience fee when they go through the checkout process. The amount of the convenience fee is displayed during checkout and must be accepted before submitting payment. Tenants can pay for rent or any rent related fee. We give you a web link or button to place on your website that directs renters to pay directly to your account.
Our solution for scheduled payments is equally innovative. Most clients opt to use the ACH payment method also referred to as electronic checks. We provide you with an authorization form for the tenant to sign. The form authorizes payment of rent or any rent related fee and includes authorization to pay a nominal service fee for using automatic payment. This service fee effectively removes the cost of the transaction fee that we provide you in an estimate which is based on your volume.
Feel free to call us at (888) 499-4099 to discuss a payment solution that best meets the needs of your property management business.