Logo

ACH Debit payment method on invoices in GoHighLevel

Introducing ACH Direct Debit as a new payment option for invoices, supporting one-time invoices, Text2Pay links, and recurring invoices with auto-payments.

Please be aware – ACH bank transfers usually require 5-6 business days for settlement, thus the payment status may display as processing until fully settled with the bank.

Availability and pricing

– Stripe accounts in the following countries can accept payments using ACH Direct Debit as a payment method.

– Stripe pricing differs for ACH Debit options than usual Cards or Google Pay/Apple Pay transactions.

Usual payment flow for ACH Direct Debit payment method

Accepting bank accounts is slightly different from accepting cards:

  1. Your customer must authorize the payment terms.
  2. Bank accounts must be verified.

Settlement timing for ACH payment method and transaction failures

ACH transactions are not instantaneous, typically requiring 4-5 business days for bank confirmation of payment. Therefore, invoices paid via bank transfer won’t be instantly settled but will instead transition to Payment Processing status, with the final outcome marked as success or failed upon confirmation from the bank’s end.

ACH Direct Debit transactions can fail at any time after the payment is initiated through payment confirmation. These failures can occur for a number of reasons, such as:

  1. Insufficient funds
  2. An invalid account number
  3. A customer disabling debits from their bank account

If a payment fails after funds have been made available in your Stripe balance, Stripe immediately removes funds from your Stripe account.

Verification and mandates

Stripe empowers your customers to securely connect their financial information with your business by linking their accounts. Leverage Financial Connections to securely access customer-approved financial data, including tokenized account and routing numbers, balance insights, ownership details, and transaction history.

Prior to debiting a customer’s bank account, ACH Direct Debit regulations necessitate obtaining explicit permission. This involves presenting a mandate outlining payment terms, whether for one-time or recurring transactions. Customer consent to this mandate is imperative before any funds can be collected from their bank account.

We display this mandate on the payment page for you to allow leads to complete the payment process smoothly

FAQs

Can my leads enter bank details manually instead of connecting their bank account?

No, we are using Financial Connections as of now. Entering bank account details manually and authorizing with microdeposits is not available at the moment

Will the US Bank Account option be available along with Apple Pay and Google Pay?

Yes, Apple Pay and Google Pay options will still remain available for the customers alongside US Bank Accounts. This leaves the contact/lead to pay with any option – Cards, Apple Pay or Google Pay and US Bank accounts, provided the payment methods are supported in the respective geography.

I don’t want to show a US Bank Account as a payment method. What should I do?

We strongly recommend using US Bank Accounts as a payment method since more payment method choices leads to more conversions. If you still want to turn this off, you can do that in the Stripe Dashboard under Payment methods.

Related Articles

Customize Email and SMS notifications for invoicing in GoHighLevel

Introducing a fresh capability empowering businesses to customize email and text alerts for invoicing, diverging from the conventional system defaults. Tailor your notifications according to your preferences, seamlessly integrating customer specifics and invoice amounts for a personalized touch. What is the Invoice Notification Customization feature? The latest addition empowers businesses with the ability to tailor […]

John Mamado

How-to add Taxes Overview in GoHighLevel

Effectively overseeing tax responsibilities within your business is vital for maintaining compliance and orderliness. Utilize the Tax Settings functionality within your CRM to streamline tax management, enabling effortless addition, organization, and application of taxes. This robust feature not only saves time but also minimizes errors, thereby optimizing financial operations. Additionally, leveraging the SaaS workaround through […]

John Mamado

How to enable Sales Receipts for Order Form, Calendar and Invoice payments in GoHighLevel

In the realm of business exchanges, receipts play a pivotal role, furnishing customers with tangible evidence of their transactions. Serving as a testament to payment, they facilitate precise record-keeping for both businesses and clientele alike. Recognizing the significance of streamlined receipt handling, we’re excited to unveil our newest offering: Automated Receipts. How to enable Sales […]

John Mamado

What is listed on the Subscriptions page on Payments in GoHighLevel

In this article, we will cover the subscription tab and how it works Please head into Payments > Then click on Subscriptions  Please Note: Subscriptions generated through funnel version 2 order forms exclusively populate the subscriptions page. Stay tuned for upcoming features allowing subscription management, including cancellation and refund initiation, directly within the platform, eliminating […]

John Mamado
Logo
Go HighLevel Onboarding, Training, Education, Coaching, Support, Products and Services. Enabling Customer Success for GHL Agencies Worldwide
Copyright Growthable 2023 | All Rights Reserved

Grab our free techincal onboarding checklist

Our Growing Up Sale is on now! Last chance πŸš€πŸš€ To Celebrate we giving you 25% off any plan until July 1st!

Prices will never be this good again, get your UNLIMITED onboarding and support before its too late!

TIME LEFT
Coupon has expired
Last chance - get 25% OFF!