As the manager of a homeowners association, you know all the problems associated with collecting dues on time. How many times have you heard, "The check's in the mail" or "I won't be getting paid until the 7th" or "Can I pay you half now and half later?" or "Haven't you received it yet?" Our services provide an efficient way to eliminate all these excuses. You will receive all your checks from ALL of your tenants at the same time...no excuses! With our system you will no longer need to produce monthly invoices. Your paperwork will be reduced dramatically, saving you time and money.
If there are 50 or more homes, our ACH service is for you. Your members will authorize an electronic withdrawal from their accounts to yours, which will be debited on the same day of every month. We can provide this service for as little as $2 per check. This nominal fee could be passed on to the members of your homeowners association.
If there are less than 50 homes you can use DraftPay. We will create checks from each of your members' accounts to you and have it in your hands on the first of every month. Our service prepares a deposit slip for all checks printed. Simply endorse each check and make the deposit into your bank account. You will invest less than $4 per check. This nominal fee could be passed on to the members of your homeowners association.
In addition to these two services, we can provide you with an electronic check recovery program, called eCollect. If a member's check returns, your bank simply forwards it to eCollect. We originate an electronic debit for the full amount of the check, and a separate debit for our processing fee. The member who bounced the check takes responsibility for the cost of collecting it, not you. You may receive payment within 14 days. You won't have to wait 30 to 60 days or more for your money.
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tailor our services to your needs.