Revenue

Setting Up Monthly ACH Payments

To set up monthly ACH (Automated Clearing House) payments for your services:

1. Choose an ACH Provider: Select a bank or third-party payment processor (e.g., Stripe, Plaid, QuickBooks, PayPal, or your business bank) that supports recurring ACH transfers.
2. Collect Client Authorization: Obtain written authorization from your client to debit their account monthly. This can be done via a signed ACH authorization form or a secure online agreement.
3. Gather Bank Details: Securely collect the client’s bank routing and account numbers.
4. Set Up Recurring Payments: Use your ACH provider’s dashboard to schedule monthly debits for the agreed amount. Specify the payment date and frequency.
5. Notify the Client: Inform your client of the payment schedule and provide receipts or invoices for each transaction.
6. Monitor and Manage: Regularly check your ACH dashboard for successful payments, failed transactions, or changes in client information.

Tip: Always comply with NACHA rules and data privacy regulations when handling bank information.