Quote:
Originally Posted by Mecca
The last company I rented from did something like this they added a massive fee for using your debit card to pay your rent online yet if you did "echeck" you didn't get a fee so it was ok in that regard just another hoop to jump through.
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That's because making a payment with credit/debit actually costs a fee... We use the cheapest option in the business with Paypal Here and that costs 2.7% for swipe/tap/chip and 3.5% for keyed transactions. Most banks are far more expensive after all the fees get added up. It's easy to see why a company would charge $30+ on an electronic payment for average rent. It's kind of absurd to automatically charge it on cash/check payments even though there is some cost associated with that too. Perhaps they are doing e-check processing. Either way though, not in the lease is not in the lease.