Customers can now pay directly using their Bank account using Stripe ACH Gateway!
ACH payments on Stripe cost 0.80%, capped at $5, with no monthly fees or verification fees.
Your Stripe account should have the latest API Version.
ACH has its own advantages and disadvantages. The main minus is that money will be transferred to your account not immediately. Shortly, a few days should pass to change the payment status from ‘Pending’ to ‘Succeeded’.
So, the most part of popular payment gateways has no such a problem. Hence, we’ve got a dilemma: change an order status to “Processing” in advance considering that the money will be transferred in a few days or wait until the money will be received and then change an order status.
To solve this we have an option in Admin panel.