What Happens When You ACH a Dead Person?

Re:What Happens When You ACH a Dead Person? by coldpie on Wednesday August 28, 2019 @04:12PM (#20823563)

I started renting a studio a couple months back. They gave the option to pay with a paper check or with a credit/debit card online. Online transaction came with a $20/statement "convenience fee". Meanwhile a mailed paper check is $0.50 including postage. Paper check it is.

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Re:What Happens When You ACH a Dead Person? by colejohnson66 on Wednesday August 28, 2019 @04:53PM (#20823867)

I never understood this logic. We’ll hand process your check for free, but if you want to use this website we set up, it’ll be a $20 “convenience fee.” I get passing the debit/credit fee onto the consumer, but it’s there even when I were to choose ACH.

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Re:What Happens When You ACH a Dead Person? by edubs25 on Wednesday August 28, 2019 @05:58PM (#20824460)

Probably because the party doing the ACH is a third party agent/ISO but the checks are probably cashed directly by the management company. The thing that your management company probably wont tell you is they get some kick back on the profits from those fees you're being charged. So not only do they get your rent money but they also make money on you using electronic payments.

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