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Hello,
I’m looking for suggestions for the best app to collect rent from tenants using ACH. $10 for each transaction that QBO charge seems high. Are there any apps like Melio that people can recommend? Melio looked like it would be just fine for collecting ach payment (not the bill pay feature), but the the poor customer service reviews they have make me think twice. I’ve also considered rentredi and turbotenant. Roughly 30-50 units managed. Thanks for the help!
Nice to see you here, @property1. Choosing an app that best suits your needs to collect rent from tenants saves time and reduces costs. I can share a website where you can look at and compare them to help you decide which one is for you.
The transaction cost of ACH payments for merchants varies based on the payment processor. This means the $10 charge per transaction depends on the bank.
Please know that we're unable to recommend a specific app. Apart from Melio, Rentredi, and Turbotenant, you'll want to consider checking out this page to find more options: QuickBooks Apps.
To learn more about the processing costs, open this article: What are the fees for QuickBooks Payments?
Feel free to visit this guide for complete information on deposit speeds according to the product you're using and the type of payment: Find out when QuickBooks Payments deposits customer payments.
This should guide you in picking a third-party app that can help you gather rent payments from your tenants. If you need anything else in handling these transactions, add a comment below. It'll be my pleasure to assist you more.
Alternative to Melio
https://get.veem.com/qb_online
Or explore rental management apps to integrate with QBO
https://home.tenantcloud.com/signup?affiliate=3jqxsies8ncnqqwj
https://www.doorloop.com/join?fpr=quickbooks43
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