Cohousing-L Mailing List: Re: payment systems?

[roger cunningham (nengaku1]

Here at Cantine’s Island Cohousing HOA we continue using Quickbooks online
but we don’t do online payments. Nearly all of our members have automatic
payment set up through their banks and I don’t think banks charge for this.
We receive a paper check directly from the bank. It’s a little more work
than direct deposits but we only have 19 households so I really don’t mind.
I do find it ironic though. Processing a paper check costs at least ten
times more than processing a direct deposit. Maybe someday the banks will
figure that out.
Cheers
Roger Cunningham
Bookkeeper
Cantine’s island

On Mon, Mar 31, 2025 at 12:39 PM Diana Carroll <dianaecarroll [at] gmail.com>
wrote:

> Hello, fellow cohousing bookkeepers, accountants, treasurers or
> trustee-type-folk!
>
> Here at Mosaic Commons, we have used QuickBooks for managing our community
> finances for many years.  For a long time, our members were able to pay
> their HOA fees via QuickBooks bank transfer for no fee, but a couple years
> ago, Intuit started charging a 1% fee for ACH transfers, which is kind of
> nuts.
>
> Looking around for other options, I see there are HOA management platforms
> that would let us do this much cheaper, e.g. PayHOA which would charge a
> much more reasonable $1.95 flat fee per transaction.
>
> Does anyone have experience with this or other similar platforms for
> payments? (Or for general HOA management?) What do you think?
>
> I know about Gather and Mosaic cohousing management applications but as
> best I can tell, neither offer any help with managing payments.
>
> Thanks in advance,
> Diana, on behalf of Mosaic Commons in Berlin, MA
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