Using Stripe ACH payment, the customer will be able to log-in to their bank account and select an account to link. This "Instant Verification" will allow the user to place the order and immediately initiate ACH payment. ACH Transfer may take 1-4 business days to process depending on the financial institution being linked.
Once a Bank Account is Linked, it will be available to select for future Orders and on the Invoice Payment screen for both the Customer and the Zoey Administrator.
When the order is placed, a payment intent in Stripe will be initiated and processed. In Zoey the invoice/payment will not be created until the Bank Transfer is complete. Please note, if ACH is used for placing the order, the payment transfer will be processed, it will not wait for the order to ship. Depending on the Financial Connection processing the transfer could take a few minutes to a few days. If the ACH Transfer fails, the Order will be canceled.
Use the link below to fill out the application to use Stripe's Financial Connections. This will allow users to connect to their bank accounts.
Note: If you do not complete this step, the following message will be shown when trying to use ACH for Payment: You are not registered to use Financial Connections. Please submit your registration at https://dashboard.stripe.com/financial-connections/application
In your Stripe Dashboard, navigate to the Developers > Webhooks Screen.
Next, click "+Add Endpoint" and in the window enter the following information:
Latest API Version
Only four events are required for ACH:
Once the above information is filled in, click "Add Endpoint".
Navigate to Setup > Payments and click Configure on Stripe ACH Payments
Enable Stripe ACH Payments
Optional: If you only want ACH to be available to specific customer groups, you can restrict it using Payment Restrictions
Bank Account verification is done per Contact/Email address placing orders, meaning that each Account user will have to setup a bank account for ACH Payment.
Updated 4 months ago