What are ACH transfers?

Automated Clearing House (ACH) is an electronic funds-transfer system run by NACHA (formerly the National Automated Clearing House Association) since 1974. This payment system provides ACH transactions for use with payroll, direct deposit, tax payments and refunds, consumer bills, and other payment services in USA. ACH Transfer is a very popular payment method used to transfer funds between businesses. 

ACH transfer payments are electronic payments that pull funds directly from a specified bank account instead of allowing a credit card company to act as the middle person. Online payments are made directly from the payer’s (your client’s) verified bank accounts. Currently, ACH is supported only for Stripe businesses that are based in the U.S. If you have a Stripe account, you can accept ACH transfers from your clients the same way as you accept credit card payments. Check here for details. Similarly, AffiniPay also supports ACH transactions called eChecks, but for US-based companies only. Check the Core Help for more details.

Was this article helpful?
1 out of 1 found this helpful