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Automated recurring payment thru ACH

MeenaMeena Member Posts: 1

I am seeing 'bank payment' option in the header, however I am not seeing any option to enter customer's bank routing number and account number, in setting up the customer for recurring bank payment rather just open to enter credit card number. Is this functionality there with wave?

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Comments

  • JulianPJulianP Member Posts: 1,002 ✭✭✭

    Hey @Meena !

    Automatic Bank Payments would require an ACH Agreement with your customer which must abide by specific regulations and practices (i.e. recurring debit authorization forms, a means of the customer terminating the agreement, etc). While Wave does not currently allow for recurring, automatic Bank Payments, it is a highly requested feature and most definitely on our radar.

    As of right now, you can send recurring invoices with Bank Payments enabled but your customers would then have to manually pay them each month. Through Settings > Payments you can set Bank Payments as your Default Payment Method so that it's the only option your customers will be met with when making payments. The same can be done in this setting for Credit Card Payments.

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