We know many of you have been frustrated with the processing time for ACH payments, a lag caused in part by outdated banking technologies. We were frustrated, too. So we built a solution.
We’re excited to announce a new Cozy feature called Express Payouts that lets landlords and property managers get ACH payments in about half the time of normal ACH payments—3 business days. So if your tenant pays Monday before 2 p.m. (PT), it will be in your account Wednesday.
Here’s how Cozy Express Payouts works:
- $2.99 for unlimited transactions per unit, per month
- Activate Express Payouts for some or all of your units
- No limit on rent amounts
- If your tenant pays with a card (a 2.75% fee for tenants) instead of ACH (free for tenants), we won’t charge you for Express Payouts.
That’s it! Nothing about collecting payments through Cozy is changing. Managers can still collect rent for free. Express Payouts is an optional paid feature that moves your cash flow forward each month.
Or, if you haven’t signed up with Cozy yet, get started here.
Also new! Landlords and managers can customize their email preferences. Lighten the inbox load or continue to receive all updates about payments, renter setup, applications, leases, and screening reports.
We’re improving Cozy all the time, and we couldn’t do it without hearing from our customers! Is there anything you think would make Cozy better? Let us know at firstname.lastname@example.org.