Flow of funds

Flow of funds when a tenants opts into SPLIT RENT:

Livble has created the most seamless flow of funds in order to maintain your current payment workflow. When a rent payment is being submitted through Livble - you'll receive an instruction to simply ACH debit Livble's pre-configured account instead of debiting the tenant's account.

Flow of funds when a tenant repays Livble throughout the month:

Repayments to Livble throughout the month are automatic. Livble debits the tenant's linked account on the agreed upon dates according to the installment plan chosen. You as a partner are not involved in this flow and do NOT have implement anything on this end.

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Make sure to notify your ACH processor that you will be initiating a higher volume of transactions from the same ACH account (Livble's disbursements account)