Most of my customers are 501.c3, EDU, etc… All of them prefer ACH, and I prefer ACH as well. There is not a clean way to do ACH without piping through Stripe (for a fee),which is a weird approach because the whole point is to avoid unnecessary fees (which stripe is). I would love to see a way to have a subscription or payment option at all for ACH that offers the Routing, Account, and initiate payment option. It could pass the customer name and invoice to the memo field, and when tied to the bank account can be marked as paid once it is settled into the balance. This would eliminate 50% of my monthly fees.
Hi,
Thanks for your feedback!
In theory that would be great, but I believe it would be challenging to implement.
I know that Wells Fargo, Chase, First National, and there are a couple of others that have APIs for ACH transactions, and Chase will allow the customer to initiate it and link their account. We had worked on this with ERP next, but frankly no one understood the frappe thing.
I could see a couple ways this could be present.
The customer selects ACH as a payment, and presents a template based form based on branch required values and whether they are the recipient or sender. Customers wanting to pay with ACH and set it up as a routine payment each month would see a pop-up with the bank name, routing, and account details, which they should see an option to click copy and have a collapsed section of text with instructions. They go to their bank, initiate the transaction, and use the Note line for the invoice number, and when they select Confirm Payment Initiation, that begins a cron. timer which does an API post a couple of times per day. until it gets marked as paid. once that pops, still goes to the general ledger but also saves everyone money and gives the clients what they want.
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