Estimate Rocket now allows for ACH bank (US bank account) transfer to be accepted as a form of payment. Warning, this currently does not work for CAN bank transfers. The CAN version of bank transfers is still being developed. 

The client payment screen for payments has changed. Formerly only with a credit card option now there is an option for ACH payments for clients using US based bank accounts.

In the payment methods section of your Stripe account there is a Bank debits section. Under the Bank debits section turn the ACH Direct Deposit to On. This will enable an additional option on your client invoice payment form. 

The fee for a US bank Transfer is 0.85% versus 3.4% for a credit card payment.

Client Payment Via US bank Transfer (ACH)

The client will open the Payment form at the top left of the invoice.  In the payment form the client will select the US bank Account option and fill in the their bank information to share with Stripe.

Stripe has a relationship with many larger banks already so the client bank may be on the list, which will speed up the whole payment loop. For smaller banks the process to link the bank account to Stripe will take longer with a micro-deposit needed to be confirmed by the client to complete the link.

In this case a payment ‘intent’ is recorded. Payment intent being the completion of the US bank Account form and connection to the bank being initialized.

Full Name      Search for your bank     Provide account number (or)    Manually enter bank information    Provide routing number    Provide account number

Client confirms their bank account will be connected with Stripe    Agree and continue

Client Enters bank account information    Routing number   Account number   Confirm account number   Select Continue at bottom of account entry screen

Micro-deposits initiated    Round trip for the micro deposit verification may be 2 business days   Continue with Estimate Rocket

Back to Estimate Rocket    Pay now

After the Pay now button is activated the system will drop the user back to the Estimate Rocket customer portal and at the top there will be a confirmation that the selected invoice was paid with the invoice name as defined when creating the invoice and the amount that was paid. The payment intent has now been completed and this invoice will display as pending payment.

Payment Settlement

Customer US bank Payments Settle to your account in 3-5 business days (Stripe Help page).

Plus 2 business days if a micro deposit is needed to verify the client bank.

Then the typical Stripe payout schedule which is typically a rolling 2 day schedule for US businesses.

Video Showing a Full Example of the new client payment via US bank Account Transfer

Other Support Articles

Setting Up Payment Processing

Client Payment Methods Overview

Client Payment via Credit Card

Client Payment via ACH Bank Transfer

Client Payment via Financing