This is a step-by-step tutorial to help you set up Stripe ACH Payments in bubble.io using plaid and stripe. This tutorial guide you to add one of the easiest and cheapest ways to charge your customers.
ACH (Automated Clearing House) is a payment method which allows payments by electronically moving money between bank accounts all across the USA.
ACH payment is not an instant payment method, it can take from 3 to 5 working days to appear in your account.
If you live in the USA and have used card networks to get paid you know how costly it can get. Some benefits of ACH payments are:
Low cost – Since an ACH payment is not routed through the relatively expensive card networks, it tends to be a cheaper method for electronically transferring funds.
High retention – Credit and debit cards expire, leading to involuntary churn. With an ACH payment, a bank account is the source of funds and as such the risk of involuntary churn is significantly reduced.
Open to anyone – Anyone with a US bank account is able to pay via the ACH scheme. This includes both businesses and consumers.
Step-1: Configure the plugin
Step-2: Create a Link Token
Step-3: Initiate Plaid Link
Step-4: Save Account Details
Step-5: Complete the OAuth Page
Step-6: Initiate Webhooks
Step-7: Install and Configure Stripe + Plaid Plugin
Step-8: Add account to Stripe
Step-9: Charge Customer
That all folks!
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