convenience fees

The Impact of Convenience Fees on Online Payments

When it comes to accepting electronic or online rent payments, every property management company wants the same things: maximum convenience and choice for residents at minimal cost. When formulating a payments strategy, it’s important to understand the rules governing convenience fees, as well as the potential impact on your online payments solution.

New ACH Rule Makes Electronic Payments More "Personal"

A new NACHA rule expands the scope of Accounts Receivable (ARC) payments, enabling on-site staff to personally accept paper checks for electronic processing. Previously, only checks received “securely” through the mail or in a drop box could be processed electronically.

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