Landlord Bees: opinions on taking PayPal for rent?

posted 11 months ago in Legal
Post # 2
1820 posts
Buzzing bee
  • Wedding: August 2014

Why can’t he pay with a check? If you did pay pal friends and family, I think that limits his options in filing a claim, but I just don’t see any reason why he can’t pay via check. 

Post # 3
8359 posts
Bumble Beekeeper

smoocheepoo :  As a landlord that would be a big hell no from me. Aside from what you mentioned about disputes, there are also fees involved and the extra hassle of having one lot of rent going into a different account than all the rest.

All rent is direct deposited into my nominated bank account and it makes it that much easier at tax time especially if audited.

Post # 4
36 posts

Why can’t he use his own bank to send the funds? When I had roommates we all had three separate banks, but we all used our bank’s apps to send money to each other (then venmo came out and it was a game changer!) between the three of us, we had chase, Wells Fargo, and I think Bank of America. 

Post # 5
4860 posts
Honey bee
  • Wedding: December 2014

smoocheepoo :  I’d probably shy away from Paypal. There are other options for paying rent online, if that is what he wants to do. We had a previous landlord use Cozy, which is a site specifically for managing rent payments (and it says it’s free, but I don’t know how it works on the landlord end obviously). You can connect it to any bank account that way or even set up autopayments. I think paying with a credit card is an option too, if that is one of the reasons he’d want to use paypal. 

Post # 6
877 posts
Busy bee
  • Wedding: December 2018

I’m not a landlord, but I wouldn’t trust paypal. He can either etransfer you the money or provide you a cheque.

Post # 9
2797 posts
Sugar bee

Yeah I wouldn’t. I’m assuming you’re in the US, but in Canada, I can e-transfer money from my bank TO any bank. The most it ever costs me is $1, but is free 99% of the time. If I were you, I would have him transfer it to your H’s account at the same bank if that is his worry.

If he asks why, I’d mention that paypal can hold the funds, and then you’d have to transfer it anyways. So it’s just easier to do it in a 1 stop shop kind of thing.

Post # 10
3106 posts
Sugar bee
  • Wedding: March 2016 - Surfer's Beach, Grand Cayman

Why would he have to set up an account? I can e-transfer from either of my accounts to anyone.

Post # 11
5674 posts
Bee Keeper

smoocheepoo :  I agree with the other PP’s he can transfer money out to your husband’s account.  Simple as that.

Post # 12
8222 posts
Bumble Beekeeper
  • Wedding: August 2012

Newp. He can send a check or money order if he doesn’t want to use a direct deposit.

Post # 13
3366 posts
Sugar bee

My husband is a landlord and accept rent with Google Wallet without any problems. I don’t know any of the details really, but he hasn’t complained about it. 

Post # 14
2753 posts
Sugar bee
  • Wedding: September 2014

smoocheepoo :  I wonder if he wants to use PayPal so he can use a credit card for his rent? I believe there are fees associated with business transactions on PayPal, which I personally wouldn’t be willing to pay  

You shouldn’t have to use the same bank to transfer funds between accounts. I’ve done it many times with Chase & my fiancé does it too with Wells Fargo. The only way I could see it being an issue is if he banks with a smaller institution that is low tech, like some credit unions or local banks. If he’s banking with a major financial institution he should be able to transfer funds directly to your account if he prefers not to mail checks  


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