Overview
The ability to charge for manager ACH fees is available in DoorLoop. What is a manager ACH fee? Manager ACH fees are charges that property managers can apply to tenant payments to cover extra expenses that are incurred and possibly produce extra income from them.
For instance, a property manager may charge manager ACH fees for certain payment methods to cover their costs or while providing a useful service or amenity. For example, if a tenant pays rent with ACH bank transfers, the property manager may incur a processing fee from the payment provider. To offset this expense, the property manager may charge a convenience fee to the tenant.
In the case of Premium plans where the ACH fee is $0, adding a manager ACH fee will generate extra income!
What are the benefits of Manager ACH Fees?
Generate additional income from ACH payments which can be used for the following:
Offset DoorLoop subscription fees
Offset Checkbook.io fees
Offset TransUnion screening fees
Offset Communication Credit fees
If you're on a Starter or Pro Plan, upgrade to Premium and cover the cost with convenience fees, while enjoying all the benefits of the Premium plan.
Manager ACH fees are a good way to deter tenants from making multiple late payments or partial payments. Instead, they'll be more inclined to pay the full amount to reduce the number of convenience fees they'll need to pay.
There are lots of ways you can make use of convenience fees to generate extra income for your business and help you succeed.
Note: Manager ACH Fees are only available for Premium Plan subscriptions. If you would like to use this feature, please consider upgrading to the Premium Plan.
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