I have one ongoing Lease to Own (LTO) deal at Squadhelp. The total sale price was just shy of $5,000, and the buyer is paying over 12 months. Payments are due on the 26th of each month.
Prior to this weekend, the buyer had made 4 monthly payments, which were disbursed via PayPal the day after being received. For January, this meant the fifth payment was due to be disbursed on a Saturday. Most companies don’t have accounting staff working on the weekend, so it would take a couple of extra days to be paid. Platforms I use that offer LTO (Dan and Squadhelp) don’t notify sellers when the buyer makes a payment, so I would only receive an update once the payment is disbursed.
With Squadhelp, there’s an easy way to check if the buyer paid, without having to ask someone on the support staff. On the left sidebar, there’s a section called “Sales & Offers.” I can click the “Transfer Center” link on that dropdown menu, and I can click “View Details” for each transaction. On this page, I can see the payment status for each month. Screenshot of the payment status is shown above.
For this particular deal, I can see the buyer submitted payment on January 26th as required. I can also see the payment has not been disbursed to me yet. I am sure that will happen today at some point.
On a $5,000 deal, knowing the monthly payment status isn’t urgent. On a large deal, I might be more anxious about the buyer’s payment status. Instead of bothering Squadhelp staff, I can find that information myself.