What if the attempted payment is denied?
If, for example, there are insufficient funds, APlacetoLive.us will collect and retain the charges it incurred due to such an improper attempt at payment. Because your bank account has yet to post any activity relating to such a payment attempt, APlacetoLive.us retains the ability to recuperate any such charges. If the funds were deposited into the Property Management/ Owner /Landlord’s account (a check can take 5-7 days to become a bad check) the funds as with any other banking situation will be withdrawn. A fee will be charged by the Electronic Clearing House and most likely by the bank. This will be between the individual and these companies and will not involve APlacetoLive.us or the Property Management Company/ Owner/ Landlord. However, you can set up your APlacetoLive.us account to automatically adjust a particular units’ “due amount” to reflect any late fees you are contractually allowed to charge.
