For property managers
Set up pre-authorized debit (PAD) and autopay
How this works
WealtharuYou (landlord or manager)Outside serviceTenant
Needs a paid plan
Paid planSet up pre-authorized debit
Bank pre-authorized debit is set up
via Stripe PaymentsAuthorize the bank debit
Tenant confirms the bank debit
via Stripe PaymentsPayment recorded
Done automaticallyCreate the pre-authorized debit form
Save and e-sign the form
Collect rent automatically from a tenant's bank account by pre-authorized debit (PAD).
Before you start
- PAD and autopay are a Pro and up feature. During the soft launch the paid tiers are "Coming soon", so you can see it now and turn it on when the paid tiers open.
- The tenant authorizes the debit through a secure bank step. Wealtharu never sees or stores the full bank account number. That stays with the payments processor.
Steps
- Open the lease from Leases and start PAD setup.
- The tenant confirms their bank, authorizes the debit in the secure window, and signs the pre-authorized debit form.
- Turn on autopay so each month's rent is collected on its due date.
What happens next
- On each due date, the rent is collected and recorded against the charge. A bank debit clears over a day or two, so it shows as processing first, then paid once it settles.
- A returned debit, for example from insufficient funds, is not silently retried. It hands off to your reminder ladder so you can follow up.
Notes
- The collection is protected against repeats, so an outage or a retry can never charge a tenant twice.
- Tenants can stop PAD at any time, as the rules require.
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