AppFolio to introduce eCheck ACH transaction fee starting July 31, 2023

APPFOLIO INC

Starting July 31, 2023, AppFolio will charge an ACH transaction fee previously waived for residents and homeowners.
Fee is intended to cover payment functionality expenses and enable further payments innovation.
Economic impact not yet included in 2023 financial outlook; no new guidance provided.
This represents a new monetized solution for the company.

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