![]() The main difference is that Venmo is meant as a peer-to-peer money transfer system, while its parent focuses on business transactions. PayPalĪnother online option for accepting rent is PayPal, which owns Venmo. There are multiple ways to set up a bank transfer, as you could have tenants make a direct deposit into your account every month through an EFT or use an online rent-collecting platform. Perhaps the easiest and safest way to accept rent payments is through a bank transfer. Aside from cash and check, you have: Bank Transfer Landlords who are considering allowing tenants to use Venmo for rent might want to look into some of the other payment forms as well. Other Forms of Rent Payment to Considerįirst and foremost, it’s important to understand that there are a lot of recently emerged and emerging options for faster, easier payment processes. This guide will take you through the process of accepting Venmo for rent and look at the pros and cons of the system. The system links directly to a bank account, credit card, or debit card and doesn’t charge any bank transfer fees, but landlords should know that there are positives and negatives associated with allowing it Renters in the past would make monthly payments via check or cash, but the availability of online processing systems is forcing property owners to stay up to date on these alternative options.ĭigital wallet and mobile payment service Venmo allows users to quickly transfer money to each other and is becoming a common form of payment. ![]() ![]() Modern landlords have to keep an open mind, because tenants have ever-changing needs. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |