Accepting ACH Payments via Stripe

Accepting ACH Payments via Stripe

Overview


AccountingSuite's integration with Stripe allows for two methods of payment by your customer:   Credit Card and ACH.    ACH requires a few tasks for payments to be completed successfully in the system:   ACH must be enabled in Stripe, and the customer bank accounts must be verified in Stripe before ACH transfers can happen.


Enabling ACH payments in Stripe

ACH payments must first be enabled in the Payment methods settings section.

  1. In Stripe, navigate to Settings / Payment Methods
  2. Click Enable next to ACH



Once the ACH Payment method has been enabled in Stripe, your customers will have the option to pay using their bank account information but the account must be verified first.

Verifying a Customer's Bank Account


Once a customer has entered their bank account information, Stripe will make two micro-deposits in the customer's bank account.  You will need to communicate with your customer to get the amounts of these two micro-deposits and enter them in your stripe account.

  1. In Stripe, navigate to the customer record by clicking Customers and then clicking the name of the customer whose account that you would like to verify.
  2. Click the Verify Account link in the Bank Account section.
  3. Enter the amounts of the micro-deposits and click Verify.








Once an account is verified, it may be used on an ongoing basis with the customer.



    • Related Articles

    • Paya: Payment Processing via ACH and Credit Card

      Paya:  Payment Processing via ACH & Credit Card There are two ways to process credit card payments from Customers: Sending a Sales Invoice or a Sales Order  to a customer with a Make Payment button. Charging the Customer from a Cash Receipt. Emailing ...
    • Payments

      Payment Overview The Payments document in AccountingSuite™ records payments made to a customer or a vendor that will not have a bill associated with the payment. To record the payment of a bill that has been entered in AccountingSuite™, please ...
    • Bill Payments

      Bill Payments With the Bill Payments module, record the payment of a Bill that have been received from a Vendor. Payments can record payments made by check, cash, credit card or other payment method. They decrease the payment asset account (credit) ...
    • Processing Credit Cards using Stripe

      Processing Credit Card Using Stripe AccountingSuite™ has integrated with Stripe for credit card processing right inside the application. Once a customer’s credit card has been registered with Stripe, it may be used to pay for future invoices. Setting ...
    • How do I know if a credit card charge I attempted was processed in Stripe?

      To see if a Stripe charge has processed, click the Transactions Detail tab in the Cash receipt. If you see a Stripe transaction number, chances are the charge was successful! You can verify this by logging in to Stripe and looking at the customer's ...