#nebojsa-plaid-save

1 messages · Page 1 of 1 (latest)

rancid basinBOT
kind quartz
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nebojsa-plaid-save

vast shuttle
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The goal is to have the capability of autopayments, just wanted to note

kind quartz
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though we recommend using our own implementation/product instead really instead of Plaid

vast shuttle
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Your product features processing times of 2-4 days which is why Plaid is necessary in our case

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I've been following that guide, but there is no mention of saving the payment method for future use

kind quartz
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the link I gave you is literally about saving the bank account, that's exactly what you need

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I don't understand what you call the 2-4 days delay or processing time

vast shuttle
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Ah, so let me elaborate. I understand that Stripe's PaymentIntents API when using the in-house ACH system can authorize payments instantly. However, the status of the payment intent after a customer makes a payment goes to payment_intent.processing for 2-4 days, no?

kind quartz
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yes, which is exactly the same with Plaid

vast shuttle
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Do you have a reference for this handy?

kind quartz
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a reference for what?

vast shuttle
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I'm trying to convince my employer to go Stripe only

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But for some reason they believe that Plaid provides instant charge feedback

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The main setback is providing users with a "successful payment" feedback, even with ACH payments

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Which I'm still trying to wrap my brain around.

kind quartz
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I mean I don't know what Plaid offers. But through Stripe they don't provide "instant feedback for a payment" it always is pending for a few days.

vast shuttle
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In Stripe's ACH implementation, after a user authenticates with their bank account and makes a payment, would this be an option? I'm not worried about the actual funds transfer taking days, just that they have instant feedback that their payment "went through"

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Or is that 2-4 days processing time also the time it takes to receive feedback that the user has enough funds in their account etc.

kind quartz
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yeah I worry there's a completely misunderstanding

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what is instant is the bank account verification. That's unrelated to their payment at all.

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Plaid offers instant verification, like you log into your bank account with your bank and prove you own it. We (Stripe) offer the same thing. Both products let you verify instantly, save bank account details for later, etc.

vast shuttle
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Yep, I'm clear on that

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The reason for going with Plaid is their ability to verify the funds in a users' bank account instantly as well, we can provide instant feedback on payment success (or other status)

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So just to be clear, with the bank account token I receive from Plaid and send over to Stripe, I have the ability to store it as a payment method tied to a customer object?

kind quartz
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yes, with the link I shared earlier

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also we support the same thing: you can look at the balance on a bank account too

vast shuttle
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How about this for connecting to a customer object instead of a Custom account?

kind quartz
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that's exactly what the API your linked does

vast shuttle
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Okay, just final confirmation on this
When using bank accounts through Stripe:

  1. User gets instantly verified
  2. They make their payment
  3. The payment intent's status goes from "created" to "processing"
  4. After 2-4 days, the payment intent goes to "succeeded" or some other status

Is that correct?

kind quartz
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yes

vast shuttle
kind quartz
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yes

vast shuttle
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I'm unclear on where that token goes in that request

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Just in the source, correct?

kind quartz
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yes

vast shuttle
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Okay, thank you so much