The payer also covers the fees for an ACH transfer, compared with a credit card transaction, where you cover the fees as the recipient. Receiving payment via ACH is usually up to the payer because they need to have access to the necessary accounts and tools, including an ACH payment service provider like Gusto, or Stax. But many will initiate ACH with just your bank information. Some companies require a voided check, which includes those numbers, or an authorization form from your bank. You just have to give the customer or client your direct deposit information, which includes: To accept payments via ACH transfer, you generally don’t need any special capabilities. This is how you receive money if you’re ever paid by direct deposit. ACH transferĪutomated Clearing House (ACH) is a network that moves money electronically between bank accounts in the United States. Many popular point of sale (POS) systems also offer e-commerce modules with online payment processing. It’s free to set up an account with most payment service providers, and you’ll pay a fee per transaction of around 3%, depending on the platform. Online payment service providers let you accept credit card payments or payments directly from your customer’s account with the provider (e.g., PayPal) to yours. You just need to create an account with PayPal or Stripe, then enter that information in your website builder to enable payments on your website. Most modern website builders, like Squarespace, Kajabi and WordPress, integrate easily with payment service providers. PayPal and Stripe are the most popular payment service providers, though you might also use the processor built into Shopify or WooCommerce if you run an e-commerce business through one of those platforms. If you run a service-based business or sell products online, an online payment service provider might be the most common way you get paid by customers or clients. There are a variety of ways to accept online payments, and the methods that are right for you depend on the kind of business you run.
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