How to Enable ACH Payments on Stripe for Your Jumbula Payments?
What is an ACH Payment?
An ACH payment is a type of electronic bank-to-bank transfer made through the ACH network. It’s commonly used for direct deposits (e.g., payroll) and recurring bill payments (e.g., tuition or subscription fees).
When you enable ACH payments, funds are transferred directly from your customer’s bank account to your organization’s bank account. This method is secure and often has lower fees compared to credit cards, making it a cost-effective option for processing payments like course fees, program registrations, or recurring tuition.
How Does It Work?
- The ACH network processes payments in batches multiple times a day.
- Depending on the timing of the transaction, payments can be settled the same day, next day, or within two business days.
Why Use ACH Payments?
- Convenient: Automates the payment process, reducing manual effort.
- Cost-Effective: ACH payments typically incur lower transaction fees than credit cards.
- Reliable: Suitable for both one-time payments and recurring payments like program fees.
To allow your customers to pay via ACH (Automated Clearing House) direct debit using Stripe for your Jumbula payments, you must enable this option directly within your Stripe account.
Follow the instructions below
Log in to your Stripe account
Click on the gear icon (⚙️) located at the top-right corner of your Stripe dashboard.
From the dropdown menu, select Settings to open your account configuration options.
Scroll down the settings page until you find the Bank debits section.
Look for ACH Direct Debit under this section.
On the right side of the ACH Direct Debit option, you will see a dropdown menu located next to the ... button.
- Click on this dropdown menu and select On to enable ACH Direct Debit.
- After enabling ACH Direct Debit, return to your Stripe dashboard to verify that the setup was successful.
- Under the Payment method section, you should see some small icons. Look for the Bank Account icon, which indicates that ACH has been enabled.
Tip: The presence of the Bank Account icon is a quick visual confirmation that ACH is active and configured correctly.Additional Information
- ACH payments may take some time to activate fully.
- If you encounter any issues during the setup, consult the Stripe documentation or contact their support for further assistance.
Contact us
Please don't hesitate to reach out if you have any questions. Contact our support team at support@jumbula.com.
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