@Anonymous wrote:
I used to live in an apartment complex that charged a fee for any payment other than giving them a paper check. I don't care what year it is or if it's a business decision... That is absolutely ridiculous! An EFT or credit card transaction is instantaneous and funds are guaranteed. CHECKS BOUNCE!
I agree charging for EFT is odd (unless they have to pay a fee which seems unlikely) but for rent charging a fee for credit card makes sense. When a retail busness makes the decision about whether to accept credit cards, they have to balance losing the fee vs potentially losing business, and things such as bounced checks,
Renters are more of a captive audience, and I would think VERY few people choose one rental place over another mainly because of cc acceptance (especially since taking ccs isn't yet an expected part of rent, whereas for consumer shopping it sort of is) And, if the check bounces, people can be evicted, which (while costly) is a disincentive for people to do this.
