If you have a merchant account, ACH transactions typically take 4 business days to complete. Our funding partners now offer expedited funding if you wish to receive funds faster or send distributions faster. Funding faster increases the risk to the bank, so they do charge for the faster funding. Please see the table below. ..
At this time, the tenant fees for ACH and CC transactions post as income to the property, which in turn is associated with an owner. If you want to reflect these fees as income to your company and not income to property and owner, follow these step by step instructions: 1. Pull the financial report ..
Once your Rentec Account is enable with EasyPay Merchant ability, you will want to begin scheduling tenants for payments. (If you have a standard EasyPay account, head to this link for instructions.) First, we recommend you secure authorization from your tenant to begin using EasyPay. Under your Settings tab/EasyPay Setup, we have provided you with ..
If you have an EasyPay Merchant account, head to this link for Tenant Setup. After you have been setup for EasyPay (no merchant), we require an application from each tenant who is going to use the ACH payment option (no form is necessary for the credit card payments option through their portal.) Under your Settings ..
If you’ve setup your merchant account and received confirmation from Rentec that the integration is complete, you can safely test some live transactions using the following instructions. Please note, these tests will still incur your per-instance transaction fee from the merchant account vendor. Add a new tenant named John Doe. Be sure to fill in ..
Setting up a merchant account with Rentec Direct is very easy. We’ve taken all the steps to integrate with the banking system, ACH transaction network, and credit card processors. To get setup follow these steps: Visit Setting, Setup EasyPay. If you are already setup with EasyPay you will have a link to the new application ..
For instructions on how to get setup for a Merchant Account, click here. Once you have been approved for a merchant account, follow the directions below to use the new features. Rentec Direct provides reporting of all the transactions; however, ACH Direct will also be providing you with a reporting system which can be used ..
Now and then we get some questions about the difference between ACH and paper checks and how quickly those deposits work for property managers. ACH transactions are typically faster to clear and far more reliable than paper checks; however, it may not appear that way from a bank statement without knowing more about how the ..
You can setup your own dedicated merchant account using Rentec Direct for accepting ACH and credit cards. One of the major benefits of having your own merchant account tied to Rentec EasyPay is being able to pay owners via ACH. But that’s not all. Setting up a merchant account has these benefits too: Quicker turn-around ..