How does direct payment work?
Our Direct Payment Module allows property managers to automatically collect common
expenses from each owner and deposit payments in the corporation’s account.
File is created automatically when invoice of common expenses is due to be sent
File is compressed on your computer
Automatic transfer of file to our server
Our server transfers your file to your financial institution for processing
On the following business day, the funds collected are deposited in the bank account of each corporation
Other supported types of payment
Payment by cheque
Cheques are processed using an MICR compatible scanner
If you already use an electronic cheque scanner supplied by your bank,
digital files can be imported directly into Condo Manager
Each owner’s banking information is associated with a pre-authorized payment account
Automatic download of files created by Condo Manager so your bank can prepare payments