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Old 06-12-2018, 08:49 PM   #1
kccrow kccrow is offline
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Originally Posted by Mecca View Post
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.
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.
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Old 06-12-2018, 09:59 PM   #2
ArrowheadMagic ArrowheadMagic is offline
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Originally Posted by kccrow View Post
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.
Most likely e check...passing entire cost onto the consumer. Lease agreement probably has a "fee" agreement. Pay in cash.
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Old 06-12-2018, 10:39 PM   #3
Hammock Parties Hammock Parties is offline
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Originally Posted by ArrowheadMagic View Post
Most likely e check...passing entire cost onto the consumer. Lease agreement probably has a "fee" agreement. Pay in cash.
There's no fee agreement in the lease.

It's a paper check sent out by the bank, too.
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