ACH

ACH payments are a form of electronic bank transaction made using a network called an Automated Clearing House (ACH).

DepositFix supports ACH through our 3rd party partner, Plaid. Plaid (owned by Visa) is a company we partnered with for instant bank account verification; Plaid works with Stripe and has connections with almost all US banks.

The integration will work as follows:

1. When a donor chooses to pay with a bank account, they will see a popup to choose a bank name, enter credentials from their bank account and choose a specific checking account

2. Stripe will initiate a charge from that bank account, and DepositFix will create a HubSpot deal to update the contact with the payment status Pending

3. An ACH transaction takes 2-5 business days; if the payment is successful, then the Stripe transaction and HubSpot deal and contact will change the status to Succeeded  (or Failed in case of an unsuccessful charge)

ACH payments work the same way as credit cards; the only difference is the Pending state for 2-5 days. But you can use subscriptions, refund, initiate new payments from HubSpot, etc.