Usury laws prohibit interest rates >20%, because otherwise, there are people who would actually be paying back 20% more than the amount they borrowed. In your example, that's impossible - the additional "interest" you're going to pay is never going to exceed 1% of the money you "borrowed"

As someone who's previously collected rent from multiple people, and then had to make a combined rent payment to the landlord, getting the money a day earlier often solves many logistical nightmares. Would I pay a 1% fee for it? Probably not. Would I pay a quarter? Sure