Overview of ACH Bank Transfers
Bank transfers, also known as ACH (Automated Clearing House) Bank Transfers, allow clients to pay invoices directly from their bank accounts.
Availability:
Why use ACH Bank Transfers?
Lower processing fees than credit cards
Ideal for larger invoices
Provides clients with more payment flexibility
Note: ACH Bank Transfers are currently only available for users based in the United States
Benefits and Considerations of ACH Bank Transfers
Lower Processing Fees
ACH Bank Transfers typically have lower fees compared to credit card payments, making them a cost-effective option, especially for high-value invoices.
Processing Time (Important)
ACH Bank Transfers take longer to process than card payments.
Typical timeline:
2–5 business days for the client’s bank to process the payment
After processing, funds are paid out based on your payout schedule
Factors that can affect timing:
Time of day the payment is initiated
Weekends and holidays
Processing times of both banks involved
How to Enable ACH Bank Transfers
Follow these steps to allow clients to pay via bank transfer:
Once enabled, ACH Bank Transfers will be available on your invoices.
What your clients will see
Once you’ve enabled Bank Transfer as a payment method:
Select Payment Method: Clients will see an “Online Bank Transfer” option during invoice checkout
Secure Bank Connection: Clients will be prompted to connect their bank account via Plaid (a secure banking integration). They’ll log in using their bank credentials through a familiar, trusted interface
3. Confirm Payment: After connecting their account, clients will:
Select their bank account
Confirm the invoice amount
Submit the payment
Once completed, the transfer is initiated.
When You’ll Receive the Funds
Payment status will initially appear as Pending
After processing (2–5 business days), the payment will:
Be marked as Paid
Be sent to your account according to your payout schedule