Stripe for Recurring ACH Payments

Use Stripe to Accept Recurring Payments through ACH

If you are a recurring business, credit cards are usually the most preferred method to accept recurring payments. However, it may limit you to provide your services to a large number of customers who are using other payment methods. ACH payments are another way mode of online payments that are considered safest, too.

ACH refers to the Automated Clearing House and payments process through the ACHN (Automated Clearing House Network) are the ACH Payments. ACH Payments are definitely a great alternative to accept donations, rental payments, tuition fees, scheduled subscription charges, and other recurring payments.

To accept recurring payments through ACH, Stripe is your best recurring payment processing partner.

This article exhibits how you can configure Stripe as a payment gateway to accept recurring payments from your customers or subscribers.

Get registered with the Stripe account and enable ACH on your account.

You may encounter the following error while configuring the Stripe account to accept ACH payments:

“This bank account is not a valid source for payments. Only valid sources can be attached to a customer…”

To resolve the issue before adding US bank accounts to customers, accept the ‘Terms of Service’ for ACH at stripe.com/docs/guides/ach.

Follow the steps demonstrated below to start accepting recurring payments with Stripe’s ACH payment processing platform:

Step 1: Click at the link https://dashboard.stripe.com/login

Step 2: Sign in to your Stripe Account connected to the accounts to receive recurring payments.

Step 3: To enable ACH, navigate https://stripe.com/docs/ach. Find a blue button labeled "Enable ACH".

Step 4: Click on the button and you are all set to accept ACH donations. The button turns green and labels "ACH Activated".

Step 5: If the ACH payments feature is enabled with your account, you may not see the section with the button. Instead, you will see the page with the following instruction: