RadPad have removed their fee free debit card payments for rent and will instead start charging a flat monthly fee. People who charge their rent on a debit card will have to pay a $4.95 monthly fee, regardless of the rent amount. The reason they’re giving for this added fee is the increasing costs of processing debit card payments.
Fee free debit card payments are a good way to earn some monthly cash back if you have a debit card such as PPBDMC which earn 1% cash back. The new fee at least is a flat fee, which means that if you have a rent over ~$500 it will still make sense on a 1% debit card.
RadPad is now offering ACH as a fee free option but that’s of no interest to most readers.
One good thing about RadPad is that until the end of the year, you can pay your rent with a credit card, fee free, by using Android Pay. Normal fee for credit card payments is now 2.99%, down from 3.49%.
