tiffany_best-practices | Stripe Developers | Page 1

noble yarrowBOT May 21, 2024, 4:51 PM

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frail merlinBOT May 21, 2024, 4:51 PM

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tiffany_invoicing-multicurrency, 39 minutes ago, 15 messages

noble yarrowBOT May 21, 2024, 4:51 PM

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unreal relic May 21, 2024, 4:52 PM

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TLDR - I'm currently using the Payment Element to offer credit card, ACH, and eventually SEPA as stored payment for processing one-off invoices at the end of each month. I'm wondering if it's possible to also offer Bacs direct debit.

humble seal May 21, 2024, 4:52 PM

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@unreal relic yes PaymentElement supports BACS Debit, see the docs: https://docs.stripe.com/payments/payment-methods/bacs-debit

unreal relic May 21, 2024, 4:53 PM

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Can I enable this for a US-based account?

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US-based Stripe account, I mean.

humble seal May 21, 2024, 4:55 PM

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yes, sorry it's in the docs too 🙂

unreal relic May 21, 2024, 4:56 PM

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Got it. I can't auto-enable this in the Dashboard though and when I tried to add it as an option when I send a setup intents, I get an error.

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How do I enable it for my account?

humble seal May 21, 2024, 4:59 PM

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Are you a developer actively writing all the code yourself?

unreal relic May 21, 2024, 5:00 PM

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Yes, I'm a developer with an enterprise stripe account.

humble seal May 21, 2024, 5:01 PM

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Okay, so can you clarify exactly what you are doing and what isn't working with clear details about it all, developer to developer? I want to make sure I understand your exact technical question as right now you said "doesn't work"

unreal relic May 21, 2024, 5:03 PM

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Sure - when you pass in payment method types when you create a new setup intent to be passed to the payment element, I tried passing in "bacs_debit" but I get an error saying that it's not enabled for my account.

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I'm just trying to figure out how to get it enabled for my account.

humble seal May 21, 2024, 5:06 PM

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Gotcha, SetupIntents for BACS Debit is not supported. Only Checkout can be used per the docs https://docs.stripe.com/payments/bacs-debit/save-bank-details
We do have a beta for this but it's really limited. If you wanted to get access you would talk to our support team instead: https://support.stripe.com/contact and they could add you to the waitlist

unreal relic May 21, 2024, 5:08 PM

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Ahh, okay. I'm not too familiar with Checkout - does this mean in order to use bacs, we'd have to make a payment on the spot instead of having it as stored payment for later?

humble seal May 21, 2024, 5:09 PM

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yes

unreal relic May 21, 2024, 5:11 PM

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Got it - thanks. And for all bank transfers, that has to be sender-initiated, right? So we can't do that for stored payment either?

humble seal May 21, 2024, 5:12 PM

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correct

unreal relic May 21, 2024, 5:12 PM

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Is there any way to have stored payment in GBP that you're aware of?

humble seal May 21, 2024, 5:13 PM

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I don't know what "stored payment in GBP" could mean sorry

unreal relic May 21, 2024, 5:14 PM

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No worries - I just mean a way to use setup intents (so that a customer can store a payment method for later) for Great British Pounds

noble yarrowBOT May 21, 2024, 5:14 PM

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shy cargo May 21, 2024, 5:17 PM

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Hello! I'm taking over and catching up...

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Yep, you can have saved Payment Methods that use GBP as their currency, like a saved card that pays for a GBP payment, for example.

unreal relic May 21, 2024, 5:19 PM

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Hello! So it would have to be a card, essentially? And not direct debit.

shy cargo May 21, 2024, 5:20 PM

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It doesn't have to be a card, that was just an example. When you say "direct debit" are you referring to BACS specifically?

unreal relic May 21, 2024, 5:21 PM

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Yeah, but from my conversation above, it seems like we can't store a payment method with Bacs.

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So I'm just wondering what my options are for customers.

shy cargo May 21, 2024, 5:21 PM

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You can, but you have to use Checkout, you can't use Payment Element, per the docs linked above: https://docs.stripe.com/payments/bacs-debit/save-bank-details

unreal relic May 21, 2024, 5:22 PM

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Ah, I see. Okay - thank you this is helpful. And is there a requirement that I have a UK-based bank account for Bacs?

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Or can I accept GBP but settle in USD?

shy cargo May 21, 2024, 5:23 PM

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If you go to the main BACS page and switch to the Country availability tab you can see the details about country support for BACS.

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We support US accounts, but only with local currency settlement.

unreal relic May 21, 2024, 5:24 PM

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"We support US accounts, but only with local currency settlement." Sorry, just to clarify, does this mean US accounts need to connect a UK bank account for settlement?

shy cargo May 21, 2024, 5:25 PM

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Generally what it means is that US Stripe accounts can only accept payment in USD with BACS.

unreal relic May 21, 2024, 5:27 PM

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Does this mean a user in the UK would need to have an account open with USD?

shy cargo May 21, 2024, 5:28 PM

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It depends on your specific situation, if you're using Connect or not, etc. Can you provide more specific details?

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Another approach would be to try this in test mode and see what happens there, so you know if your specific implementation is going to work or not.

unreal relic May 21, 2024, 5:28 PM

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My current setup is a backend service that sends a setup intent to the frontend which uses the Payment Element component.

shy cargo May 21, 2024, 5:29 PM

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So Connect is not involved?

unreal relic May 21, 2024, 5:30 PM

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Not currently

shy cargo May 21, 2024, 5:30 PM

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Then you would need to collect payments in USD when BACS is used.

unreal relic May 21, 2024, 5:32 PM

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I'm not familiar with Connect. Would Connect allow us to store a payment method from a customer to be processed at a later date? And can I still use the Payment Element with Connect?

shy cargo May 21, 2024, 5:35 PM

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Connect is designed for multiparty payments, and would require you to have one or more UK accounts connected to your US account to enable GBP payments with BACS. It doesn't sound like that would be appropriate for your use case.

unreal relic May 21, 2024, 5:35 PM

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Got it

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Okay thank you

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One last question! Appreciate all the help here. 🙂

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Just to be perfectly clear - If I have SEPA enabled with my current setup, I don't hae to have any separate international bank accounts connected, right?

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I can collect payment in Euro and have it settle to my USD bank account ?

shy cargo May 21, 2024, 5:37 PM

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SEPA also requires local currency settlement, as documented under the Country availability tab here: https://docs.stripe.com/payments/sepa-debit

unreal relic May 21, 2024, 5:42 PM

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To be perfectly clear - does this mean I need to connect a European bank account to use SEPA?

shy cargo May 21, 2024, 5:42 PM

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No.

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It means you need to accept payments in USD when using a US account.

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Actually, wait one moment.

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No, I was wrong. For SEPA the presentment currency is always EUR, but it will settle in USD and there will be a currency conversion.

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Sorry, my fault!

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The same is true for BACS, presentment currency will be GBP, but it will settle in USD after a currency conversion.

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I got the presentment and settlement currencies mixed up, sorry about the confusion.

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So for SEPA, your customer would see EUR, the payment would be converted from EUR to USD, and the USD would land in your USD bank account on your US account.

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Same for BACS, except it would be GBP instead of EUR.

unreal relic May 21, 2024, 5:46 PM

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Got it! The difference is that I can use SEPA with setup intents and the Payment Element, but not Bacs.

shy cargo May 21, 2024, 5:49 PM

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Correct.

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To set up BACS for future use you have to use Checkout instead of the Payment Element.

unreal relic May 21, 2024, 5:50 PM

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Copy - appreciate all the help!

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Thanks for clearing things up for me.

#tiffany_best-practices