Gyan-ACH-Plaid | Stripe Developers | Page 1

outer fable Aug 22, 2022, 8:52 PM

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hello, one sec

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so question

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why use Plaid and not the newer US Bank Account PaymentMethod integration

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the Plaid integration works off of Charges which are a deprecated API

runic path Aug 22, 2022, 9:06 PM

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Can you share the documentation link for that?

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I need some method which supports instance ACH account verification, the one that i found on Stripe takes 2-4 days to move funds.
https://stripe.com/docs/payments/ach-debit/accept-a-payment?platform=web&ui=API

Accept an ACH Direct Debit payment

Build a custom payment form or use Stripe Checkout to accept payments with ACH Direct Debit.

outer fable Aug 22, 2022, 9:08 PM

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Verification is different from how long it takes funds to move

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Verification can still be instant on the ACH Direct Debit PaymentMethod doc you linked

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Collecting payment method information with instant verifications enabled by Stripe Financial Connections

mighty tulip Aug 22, 2022, 9:09 PM

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If you're starting from scratch, I would definitely go with Stripe's new version instead of Plaid. We're using it. Works great so far.

runic path Aug 22, 2022, 9:12 PM

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mighty tulip If you're starting from scratch, I would definitely go with Stripe's new version...

I will be more than happy to use it. I just needs some clarity on the process. My use case is simple:
Create ACH charges using customer's bank account, verify the account instantly and create a charge. Also, the funds should be moved immediately.

mighty tulip Aug 22, 2022, 9:13 PM

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All of that is possible except the last. The ACH network doesn't move that fast.

runic path Aug 22, 2022, 9:14 PM

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I see.. How long it typically takes to transfer the funds?

mighty tulip Aug 22, 2022, 9:15 PM

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We usually see 4-6 days for everything to settle. I know that Stripe is working on improving that, but I haven't seen anything happening faster yet.

runic path Aug 22, 2022, 9:17 PM

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okay, thank a lot for your input.

outer fable Aug 22, 2022, 9:19 PM

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thank you for the quick responses @mighty tulip , appreciate it!

runic path Aug 22, 2022, 9:23 PM

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Hi @outer fable
Can you share the exact documentation to follow here?

outer fable Aug 22, 2022, 9:24 PM

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the doc you linked earlier is what you need, it is a PaymentElement integration (using PaymentIntents, not the legacy Charges) of ACH Direct Debit

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https://stripe.com/docs/payments/ach-debit/accept-a-payment

runic path Aug 22, 2022, 9:26 PM

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Should i go with prebuilt checkout page or the Direct API here?

outer fable Aug 22, 2022, 9:27 PM

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prebuilt Checkout page is a Stripe built page that you redirect to, the easiest and quickest integration

the "Direct API" integration uses PaymentElement, which you embed on your webpage, slightly more complex integration than the former

#Gyan-ACH-Plaid