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How to activate stripe ach on your stripe account?


Asked by Holden Lambert on Dec 12, 2021 FAQ



Before payments can be processed via Stripe ACH, it is necessary to activate ACH capabilities on your Stripe account. This guide demonstrates the process: https://plaid.com/docs/stripe/#step1 Navigate to Configuration () > System Settings > Payment Gateways or, prior to WHMCS 8.0, Setup > Payments > Payment Gateways.
Moreover,
If you are a US-based Stripe user, you can receive USD payments directly from a customer’s bank account instead of a credit or debit card by using Automated Clearing House (ACH) payments. You can activate ACH payments from your Dashboard:
Next, Because of this, ACH payments take up to 7 business days to be reflected in your available Stripe balance. You can only accept funds in USD and only from U.S. bank accounts. In addition, your account must have a U.S./USD bank account to accept ACH payments.
Furthermore,
To activate and configure the Stripe ACH module for use, follow the steps below. Plaid and Stripe have partnered in order to offer frictionless money transfers without the need to ever handle an account or routing number. Using Plaid allows you to instantly authenticate a customer's account and automatically generate a Stripe bank account token.
Also,
Funds from the customer’s bank are temporarily routed to a merchant account (in the case of a PSP such as Stripe, it’s an aggregated account) where credit card-related fees are deducted from the sum. Stripe combines gateway functionality and payment processing into a single product, making it a convenient way to handle eCommerce.