Automated Clearing House

[Ken]

I'm going to enable this and have not in the past.  When paying suppliers via ACH I believe we had to authorize it with our bank before it happened which our accounting department handles.  When a user enters account/routing numbers and goes to check out what behavior is to be expected? Is information displayed for them to use at their bank for authorization?

 

I've not tested it yet and only assume it'll pick the payment gateway for the respective currency.  Any help with this would be greatly appreciated so that we can enable it for a new client swiftly rather than trial and error.

[Cody]

ACH works just like credit card payments. The only difference is the user enters their routing and account number instead of their credit card number and expiration date. Everything else is exactly the same.

 

One thing to keep in mind, as a merchant, is that bank transfers take time to clear and it's not known by the payment processor whether sufficient funds exist prior to the payment being cleared. This means that the bank account number could be invalid, or insufficient funds available, etc.; however the transaction may still be processed successfully. With ACH you'll need to ensure that the funds have cleared before you approve an order.

[MemoryX2]

ACH works just like credit card payments. The only difference is the user enters their routing and account number instead of their credit card number and expiration date. Everything else is exactly the same.

 

One thing to keep in mind, as a merchant, is that bank transfers take time to clear and it's not known by the payment processor whether sufficient funds exist prior to the payment being cleared. This means that the bank account number could be invalid, or insufficient funds available, etc.; however the transaction may still be processed successfully. With ACH you'll need to ensure that the funds have cleared before you approve an order.

 

 

Thanks for the clarification on this. I have been sorta confused / wondering about it as well.

[Alexander Orlov]

So what payment gateway supports this method then?

[Cody]

So what payment gateway supports this method then?

 

You can see all under [settings] > [Company] > [Gateways] > [Available]. Look for ones labeled "ACH" or "ACH offsite".

[Ken]

You can see all under [settings] > [Company] > [Gateways] > [Available]. Look for ones labeled "ACH" or "ACH offsite".

 

How come the Payflow module doesn't support ACH?  Doesn't the Payflow service support it?

 

http://www.paypalobjects.com/webstatic/en_US/developer/docs/pdf/pp_achpayment_guide.pdf

[Cody]

How come the Payflow module doesn't support ACH?  Doesn't the Payflow service support it?

 

http://www.paypalobjects.com/webstatic/en_US/developer/docs/pdf/pp_achpayment_guide.pdf

 

Probably because no one ever requested it.