2007-11-21 06:31:58 · 6 answers · asked by dawnd_444 2 in Business & Finance ➔ Renting & Real Estate
The monthly rent is not a problem. We are scheduled to move on Dec 2nd. We had a house to move into already and it fell through on the other end, so now we have to find a new house at the last minute. The security deposit wasn't in our budget.
2007-11-21 07:06:22 · update #1
At my property, we accept Visa, MC and Discover for anything, including a deposit. It's quick, easy, and we're notified instantly when we run it if it's gone through or not. My company uses an online credit card merchant to run credit cards on - we type in the number and it processes instantly.
There's no disputing or cancelling it once it's been run - I've never run into that problem in the 3 years we've been accepting credit cards as deposits. We even have a way for residents to sign up with a credit card or checking account to have the monthly rent and utilities to be automatically deducted once a month.
The only credit card we don't accept is American Express, due to the extremely high merchange fees for processing it.
2007-11-21 17:24:04 · answer #1 · answered by wickdsinnr 4 · 0⤊ 0⤋
2
2016-07-18 22:50:07 · answer #2 · answered by Allen 3 · 0⤊ 0⤋
Credit card charges can be disputed and reversed.
Any landlord would have to be insane to accept credit cards for rent or security deposit payments.
2007-11-21 12:11:01 · answer #3 · answered by ? 6 · 0⤊ 0⤋
I'm not doing it yet, but am strongly considering doing so. Seems these days that folks are more attuned to living on credit than they are checking accounts or cash, so I may as well join the trend.
2007-11-21 07:04:35 · answer #4 · answered by acermill 7 · 0⤊ 0⤋
Not to my knowledge. Plus they will have your card on file so if there are problems when you move out they could just charge you. I would find the cash. Cash advance the credit card if you have to.
2007-11-21 07:12:11 · answer #5 · answered by frankie b 5 · 0⤊ 1⤋
If you have to charge the security deposit, are you going to be able to pay the monthly rent?
2007-11-21 06:43:45 · answer #6 · answered by Anonymous · 1⤊ 0⤋