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Paying hoa fees with credit card

An online HOA payment portal typically accepts credit cards, direct debit, and ACH payments. Some portals connect to banks, credit card companies, or payment networks. This access enables your HOA to accept payments using a variety of methods. Some HOA payment portals even use the latest payment methods.

The homeowners’ association (HOA) fees help cover maintenance costs and communal facilities. HOA fees are part of your monthly housing cost but are not included in your mortgage payments. HOA fees will go towards maintaining the upkeep and value of your property. Failure to pay HOA fees could lead to a lien on your property.

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HOA fees can sometimes be hundreds of dollars per month. And you pay these added charges as long as you live in the home (unless there's a rule change, which you can't count on). If you're looking. 1. Redgirraffe. Redgirraffe – RentPay. Redgirrafe is probably the first service provider that came out with a rent payment feature and it still remains the only dedicated solution out there. Their USP is the ultra low service fee that stands at 0.39%+GST compared to 1% or above with others.

Answer (1 of 18): HOA fees are not processed on credit cards because of four main reasons: 1. The homeowner can stop payment for any reason if they are upset for some reason. 2. Credit card companies charge between 2%-4% for a transaction fee and that amount is too much for most HOA's to pass al.

With an online solution in place for collecting payments from residents, HOAs receive fewer check payments and deal with exceptions without incurring additional operating costs. According to the Association of Financial Professionals’ 2015 Payments Benchmarking Survey, the estimated monthly cost of receiving 20,000 checks in one month is $30,000.

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