This article provides step-by-step instructions to help you set up and configure your bank account for accepting ACH payments for membership purchases online. ACH (Automated Clearing House) payments enable secure, electronic transfers directly between bank accounts, offering a cost-effective and efficient way to process client payments.
Things to know:
- The ability to accept ACH payments is controlled by the 'Enable ACH Payments' hidden setting, which can only be activated by the MyTime team. To enable this feature, please contact support@mytime.com.
- This feature is available for accounts using both Stripe and Global Payments as their payment gateway in the US and Australia.
- For franchise businesses, child accounts with multiple locations can assign a separate bank account to each location for ACH payments.
Once the hidden setting is enabled:
- Navigate to Business Setup > Payments & Deposits
- Scroll down to the "Setup Bank Account for ACH" section
- Click +Add Bank Account hyperlink
- Here, you can select the location(s) and then click 'Add Bank Account' to enter the bank account information
- You will then be directed to the Stripe Onboarding process
- Complete your business details
- Verify you represent your business
- Review the information, then click Agree and Submit
- Complete your business details
- You will be redirected back to the Payments & Deposits page in MyTime. The bank account will be displayed
- Click Save
Congratulations on successfully setting up the bank account for ACH payment.
For more information, contact us at support@mytime.com or (385) 233-6964.
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