Are you a renter who uses Cozy, or wishes you did? Well, we have some great news for you: now you can pay your rent with a debit or credit card. Invite your landlord today so you can.
Payments by credit or debit cards will deposit to your landlord’s bank account within 1-2 business days, compared with 5 business days for ACH bank transfers. Visa, MasterCard, Discover and JCB cards are accepted.
Renters can switch all their recurring rent payments over to their cards, or continue paying monthly rent from a bank account and use their card only when they need to make a one-time payment ASAP.
It’s still completely free for landlords to accept payments by any method, and tenants who pay by credit or debit card will pay a small transaction fee (2.75% per transaction).
If you’re a landlord looking to offer more flexible payment options to your tenants, sign up today to collect rent online for free.