The first thing we do is discuss the payment needs for your rental business and payment options available to you. Then we customize a payment plan that fits your needs. Next we pre-fill your merchant application so you don’t have the paperwork hassle. Once your account is approved, we give you the payment links and buttons to install on your website or send by email. Then we train you and your staff on how to view deposits and payments in your customer vault. Now we will explain each step in a little more detail. Continue reading
Tag Archives: electronic payment
How Does a Tenant Pay the Convenience Fee?
Tenants can pay application fees, security deposit, rent or any fees related to rental application or lease agreement. The convenience fee is calculated during the checkout process and added to the amount of the transaction. The payment, convenience fee and total are shown to the tenant so they can confirm and authorize the amount they are paying. Continue reading
Direct Express Prepaid Debit Card
If persons receiving federal benefits do not opt-in for an electronic payment method by March 1, 2013 they will be automatically converted to a Direct Express® prepaid debit card so they will continue to receive their federal benefit by direct deposit without interruption. This is in response to the mandate by the U.S. Treasury that all Federal Benefits be paid by electronic payment by March 2013. Continue reading
U.S. Treasury Requires Electronic Payment by March 2013
This is the final step by the Financial Management Service, a Bureau of the U.S. Department of the Treasury, to convert all federal benefit payments to electronic payment. Currently 83% of all federal benefits are paid by direct deposit. In January 2008 the U.S. Treasury reported that 4 million recipients of Social Security and Supplemental Security Income did not have bank accounts. The U.S. Treasury has electronic payment options for those with and without bank accounts. Continue reading
