Customers can now pay directly using their Bank account using Stripe ACH Gateway!
Try it yourself
Why use Stripe ACH vs Stripe?
ACH payments on Stripe cost 0.80%, capped at $5, with no monthly fees or verification fees.
Your Stripe account should have the latest API Version.
- Allows payment with bank account number and routing number. (No credit card required!)
- Verifies account with micro-deposits
- Works along with official stripe integration
- Easy installation
- The plugin now supports native html5 dialog with simple customization via CSS. You can easily adapt the look of modal windows.
- Friendly Support
Processing orders and the money transfer
ACH has its own advantages and disadvantages. The main minus is that money will be transferred to your account not immediately. Shortly, a few days should pass to change the payment status from ‘Pending’ to ‘Succeeded’. Read more here.
So, the most part of popular payment gateways has no such a problem. Hence, we’ve got a dilemma: change an order status to “Processing” in advance considering that the money will be transferred in a few days or wait until the money will be received and then change an order status.
To solve this we have an option in Admin panel.