Although checks are still the preferred method of payment for most rental homeowners, PayPal can be a quick and easy alternative, especially for last-minute or international bookings. PayPal allows you to accept either bank transfer or credit card payments.
Elizabeth Weedon and I sat down to record a podcast about accepting electronic payments, and we discussed whether they are a necessity.
Some questions we answer:
- Should you accept electronic payments?
- Who’s responsible for the fees associated with electronic payments?
- Are there other options instead of PayPal?
- Is a check in the mail still the recommended way to collect payments?
If you are looking for more information about PayPal, take a look at our blog post that dives into some of the fees associated with using the platform, as well as how it works with international payments.