ACH debit payment
How to create an ACH debit payment in form.
Prerequisites
- A premium license
- An active Plaid account
ACH debit
Direct debit payments on the Automated Clearing House (ACH) network, or ACH debits, allow you to collect funds from your customers’ US bank accounts. The ACH network processed over 14 billion debit transactions in 2019.
Note: ACH Debit payments only supports USD as a currency.
Lower price
ACH debits also provide lower transaction fees than cards. Comparing with 2.9% + 30¢ for Card & Wallet, ACH payments on Stripe cost 0.80%, capped at $5. A $100 payment incurs a $0.80 fee; any payments above $625 cost $5. In order to provide instant account verification through Plaid a $1.50 verification fee is charged.
| Amount | Stripe Credit Card Fee | Stripe ACH Debit Fee |
|---|---|---|
| 100 | $3.20 | $0.80 + $1.50 verification fee |
| 1000 | $29.30 | $5.00 + $1.50 verification fee |
Use Plaid Link
Plaid provides the quickest way to collect and verify your customer’s banking information. Using the Stripe + Plaid integration, you’re able to instantly receive a verified bank account, allowing for immediate charging. This is done by using Plaid Link, receiving the Stripe bank account token directly from Plaid.
Create Plaid account
If you do not have a Plaid account, create one. Your account will be automatically enabled for integration access.
Connect with Stripe
To verify that your Plaid account is enabled for the Stripe integration, go to the Integrations section of the account dashboard. Make sure your Stripe account is connected there.
Configuration plaid setting in Stripe Express
Go to Stripe Express plugin -> Plaid settings tab. Fill your plaid API keys and environment (You should find them in Plaid dashboard)：
Create ACH (via Plaid Link) payment element
Preview ACH checkout form
Payment Flow: Connected Bank firstly & Pay
Username: usergood
Password: passgood
