No More Paypal
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
No More Paypal (by bet [MA]) Aug 29, 2021 7:18 AM
       No More Paypal (by Richard [MI]) Aug 29, 2021 7:48 AM
       No More Paypal (by myob [GA]) Aug 29, 2021 8:16 AM
       No More Paypal (by Scott [IN]) Aug 29, 2021 9:34 AM
       No More Paypal (by Deanna [TX]) Aug 29, 2021 11:19 AM
       No More Paypal (by plenty [MO]) Aug 29, 2021 11:42 AM
       No More Paypal (by 6x6 [TN]) Aug 29, 2021 11:51 AM
       No More Paypal (by 6x6 [TN]) Aug 29, 2021 11:51 AM
       No More Paypal (by Vee [OH]) Aug 29, 2021 12:01 PM
       No More Paypal (by Sorta Blonde [CA]) Aug 29, 2021 12:07 PM
       No More Paypal (by dino [CA]) Aug 29, 2021 12:18 PM
       No More Paypal (by Barb [MO]) Aug 29, 2021 12:44 PM
       No More Paypal (by Robert J [CA]) Aug 29, 2021 1:16 PM
       No More Paypal (by JB [OR]) Aug 29, 2021 2:01 PM
       No More Paypal (by Sisco [MO]) Aug 29, 2021 2:45 PM
       No More Paypal (by bet [MA]) Aug 29, 2021 7:24 PM
       No More Paypal (by mike [CA]) Aug 30, 2021 11:57 AM
       No More Paypal (by bet [MA]) Aug 30, 2021 12:11 PM
       No More Paypal (by Sisco [MO]) Aug 30, 2021 1:14 PM
       No More Paypal (by bet [MA]) Aug 30, 2021 2:40 PM
       No More Paypal (by Dee Ann [WI]) Aug 30, 2021 10:38 PM
       No More Paypal (by cj [PA]) Sep 1, 2021 3:35 AM
       No More Paypal (by Cust Answe [NY]) Sep 3, 2021 6:36 PM
       No More Paypal (by Linda Cooper [FL]) Sep 4, 2021 9:51 AM
       No More Paypal (by Sorta Blonde [CA]) Sep 4, 2021 11:35 AM
       No More Paypal (by TJ [FL]) Sep 5, 2021 10:10 PM
       No More Paypal (by Kaytee [CA]) Sep 11, 2021 10:05 PM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

No More Paypal (by bet [MA]) Posted on: Aug 29, 2021 7:18 AM
Message:

I took a holding deposit for a sept 1 move in. They made the deposit thru paypal, holding fee agreement signed. They changed their mind and told paypal I took their money without their permission and paypal has no system in place to defend yourself. Needless to say I dont want this person as my tenant. But going forward CASH is all I am taking for a holding fee. --73.227.xxx.xxx




No More Paypal (by Richard [MI]) Posted on: Aug 29, 2021 7:48 AM
Message:

Yup.

Cash only! --24.180.xx.xx




No More Paypal (by myob [GA]) Posted on: Aug 29, 2021 8:16 AM
Message:

Why do you have to defend yourself?

Another reason on line banking doesn't work. They "givith" and then they "takeith" away!!!!

Why was PayPal in the loop? --99.103.xxx.xxx




No More Paypal (by Scott [IN]) Posted on: Aug 29, 2021 9:34 AM
Message:

Any up front or move-in money is cash only, handed directly to the teller at my bank. I don't touch it. After new T gets the keys, cash is no longer accepted.

bet, that kinda worked out as a good screening tool. --107.141.xx.xxx




No More Paypal (by Deanna [TX]) Posted on: Aug 29, 2021 11:19 AM
Message:

Yes. Paypal is fine when things are normal. But when things are contested, Paypal is a thousand times useless and will do nothing to help, regardless of how open-and-shut your supporting documentation is. --137.118.xx.xxx




No More Paypal (by plenty [MO]) Posted on: Aug 29, 2021 11:42 AM
Message:

Zelle. ? Young people are savvy this way. Perhaps this could be a convention speaker topic to help us understand the pros and cons that work in our favor and those that are too friendly to senders of electronic payments. --172.58.xxx.xxx




No More Paypal (by 6x6 [TN]) Posted on: Aug 29, 2021 11:51 AM
Message:

Yes, things like that can be clawed back. I do not like using it for app fees either. --73.120.xx.xxx




No More Paypal (by 6x6 [TN]) Posted on: Aug 29, 2021 11:51 AM
Message:

I like that suggestion plenty. --73.120.xx.xxx




No More Paypal (by Vee [OH]) Posted on: Aug 29, 2021 12:01 PM
Message:

It was never a good idea as posted here for 7-10 years, the disputes last 90 plus days if you can get one on file before the other account closes up. --76.188.xxx.xxx




No More Paypal (by Sorta Blonde [CA]) Posted on: Aug 29, 2021 12:07 PM
Message:

First month's rent and security/cleaning deposit accepted only in cash. After that checks are OK, but so far, in the past 4 years, my tenants continue to pay me in cash. Weird. I don't mind. Cash only on the first monies is a good thing, and I do keep the pile of cash untouched 'just in case' of a snafu. Had to refund it twice so far when things went sideways. --72.207.xx.xxx




No More Paypal (by dino [CA]) Posted on: Aug 29, 2021 12:18 PM
Message:

Maybe it works well and I just have unnecessary concerns but I have never wanted to use anything that prevented me from approving the payment before depositing it.

I refer to the person on the check and the amount, not to mention the crucial issue of whether I want to accept any money such as in the middle of an eviction which would require that I start the eviction over from the beginning.

With regard to the amount, collecting excess rent even a small amount can be a legal problem here. Also accepting payment from a different person other than the tenant might provide certain tenancy rights to that person.

The legal issues above can be a minefield here.

If there are ways in which others on this board avoid the potential problems above but still accept rent in more convenient and modern ways, I would be definitely like to hear about it.

--76.171.xxx.xxx




No More Paypal (by Barb [MO]) Posted on: Aug 29, 2021 12:44 PM
Message:

If they opened a dispute with PayPal, did you respond to PayPal about the dispute? Did you have a signed holding fee agreement?

Iíve used PayPal as both a sender and receiver. Iíve used their guarantee both ways as well.

When the customer, you need to supply proof of not receiving the provided service. I had to fight one up three levels. Once I supplied my proof to the right person (I had paperwork fro FedEx that a tracking number was never actually addressed to me, at my address, so that while the tracking number was delivered to an address in my zip code, it didnít come to me) I got my refund.

At the same time, I had accepted a holding fee from an applicant. Applicant wanted to cancel, but wanted a refund. They signed a holding fee agreement using DocuSign. I supplied the email and texts conversations we had, as well as the DocuSign document with their name, email address, and the IP address and location data that is part of the DocuSign document/certificate.

I won.

It takes work, but if you have the documentation, you can win in a PayPal challenge. You might need to get on the phone with an agent or you may need to follow up by using the email addresses found on the Chris Elliott website. --149.76.xxx.xx




No More Paypal (by Robert J [CA]) Posted on: Aug 29, 2021 1:16 PM
Message:

I do NOT want to put my applicants at risk and demand "cash only" for the move-in fee's. So I request a local bank's Cashier's Check made out to me at lease signing. The lease provides the keys will not be turned over to the new tenants until after the Cashier's Check is Cashed and that's when the tenancy officially starts. If the applicants "wants" to provide "cash", I will accept it so long as we meet somewhere safe.

Several of my banks will allow me to conduct limited business in their lobby, such as handing over funds. If we have to review the lease and I'll need to explain it, that can't be done in a busy lobby. --47.155.xx.xxx




No More Paypal (by JB [OR]) Posted on: Aug 29, 2021 2:01 PM
Message:

It would seem that if PayPal won't do the right thing, you would have an excellent case for Small Claims Court. Send them a demand letter first, then file when they don't respond. --73.25.xx.xxx




No More Paypal (by Sisco [MO]) Posted on: Aug 29, 2021 2:45 PM
Message:

For the cash only crowd, how much do you charge for your time?

Bet was screening applicants, looking for reasons to rejectÖhe found reasons. He spent little time on a bad applicant, which is as it should be.

Now you would say that bet would be better off to drive across town, meet a stranger, collect cash for application fee, then drive home to process application.

--149.76.xxx.xxx




No More Paypal (by bet [MA]) Posted on: Aug 29, 2021 7:24 PM
Message:

Barb, I could not find any place to lodge a defense or counter claim. I will try to call them Monday. They signed a holding fee agreement and sent me the fee (one months rent) via paypal. They said I took the money from them without authorization, which is going to be hard to prove since they sent it to me. But now my account is negative the amount of the holding fee. Applicants; complete application, once thoroughly screened. I meet them at property. I tell them if they want the apt to email me the rest of the supporting docs and a deposit.So going forwarding, I plan to have them give me supporting documents and then I will meet them again at the apt to collect a cashiers check and sign the holding fee. I dont review the lease with them beforehand because they would run away if they read it, lol Really I have had so few vacancies these past 2 yrs, I am getting a little rusty.Time to tighten ship again. --73.227.xxx.xxx




No More Paypal (by mike [CA]) Posted on: Aug 30, 2021 11:57 AM
Message:

this is ONE MORE REASON I DEMAND A CHECKING ACCOUNT...folks that cannot get one or figure out how to keep and balance one are too stupid to be bothered with. ALL the banks i deal with give free cashiers checks. i do not want money orders either. the cashiers check comes from a local bank...money orders come from a liquor store. low-lifes bank at liquor stores --75.80.xx.xx




No More Paypal (by bet [MA]) Posted on: Aug 30, 2021 12:11 PM
Message:

So true Mike. My spouse owes trailers, mobile homes. Not a single one of them have a checking account or can figure how to get one. Monthly hassle trying to get these less oxygenated folks to figure out simple banking. --73.227.xxx.xxx




No More Paypal (by Sisco [MO]) Posted on: Aug 30, 2021 1:14 PM
Message:

Bet, I own a mobile home park. Each of my 84 residents has a checking account, with most paying via ACH. --149.76.xxx.xxx




No More Paypal (by bet [MA]) Posted on: Aug 30, 2021 2:40 PM
Message:

Good to hear Sisco and if I was managing these trailers instead of my spouse, all the tenants would have checking accounts. --73.227.xxx.xxx




No More Paypal (by Dee Ann [WI]) Posted on: Aug 30, 2021 10:38 PM
Message:

I take Zelle for application fee. I take a check in person when signing the lease. I take Zelle 3 days before move in. --75.11.xx.xx




No More Paypal (by cj [PA]) Posted on: Sep 1, 2021 3:35 AM
Message:

I can't believe nobody here has mentioned paypal friends and family payment. If I were to take paypal I would require it to be sent that way. Payment cannot be disputed when sent this way. --174.55.xxx.xx




No More Paypal (by Cust Answe [NY]) Posted on: Sep 3, 2021 6:36 PM
Message:

Does anyone have a "holding deposit" agreement ? --98.10.xxx.xx




No More Paypal (by Linda Cooper [FL]) Posted on: Sep 4, 2021 9:51 AM
Message:

Cash only on the first monies is a good thing, and I do keep the pile of cash untouched 'just in case' of a snafu. Could someone tell me what this acronym "SNAFU" stands for. Just curious. Also I like the idea of the holding fee charge, is it the same amount of the security deposit? I love this discussion board. We (my husband & I)have been in the landlord business since 1998 & still learning :-). Happy Labor Day weekend everyone. --24.129.xxx.xxx




No More Paypal (by Sorta Blonde [CA]) Posted on: Sep 4, 2021 11:35 AM
Message:

SNAFU = Situation Normal All Fouled Up --72.207.xx.xxx




No More Paypal (by TJ [FL]) Posted on: Sep 5, 2021 10:10 PM
Message:

Hi , I am new to this group and wanted to get more clarification on what a holding fee actually is ?

Ty,

TJ

--35.141.xxx.xxx




No More Paypal (by Kaytee [CA]) Posted on: Sep 11, 2021 10:05 PM
Message:

Re: "Not a single one of them have a checking account or can figure how to get one. " They know how... they just don't want the oversight of their income by "govmint" and the banks. Might be, they have undeclared income of some sort, and depositing it in a checking account could lead to ... questions. If they CAN'T have a checking account, they may be here illegally, or are a fugitive/hiding from stalkers/relatives/etc. If they're old enough/paranoid (reasonably, in many cases)... they just might not trust banks to properly manage their money.

Re: "... paypal friends and family payment. If I were to take paypal I would require it to be sent that way." You could lose your account, if you use "Friends and Family" for business purposes.

Re: "SNAFU = Situation Normal All Fouled Up" The original, milspeak version is a bit stronger than using "fouled".... --72.207.xx.xx



Click Here to send this discussion to a friend
Report discussion to Webmaster


Reply:
Subject: RE: No More Paypal
Your Name:
Your State:

Message:
No More Paypal
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: