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 on funds. ACH funds typically are in your bank account in 3-5 business days. Credit card funds 1-2 business days.
- Lower per-transaction fees on both ACH and credit card transactions
- Ability to use and process your own ACH authorization forms
- And of course, the ability to pay owners via ACH
How To Get Setup. To get setup with your own merchant account, just login and visit Settings, Setup EasyPay. At the bottom of the screen is a link which will provide you a new application to get your own merchant account setup. Once setup, paying owners via ACH is extraordinarily simple. You’ll right click on the owner and choose Send Money. Then fill in their bank account information, the amount, and click Send. It’s as quick and simple as that (see screenshot below)! If you want this disbursement applied to one of your bank accounts in Rentec, be sure to edit the owner’s transaction in the owner’s ledger, and add in the bank account to the transaction.