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Bank-Only Transfers for Invoice Payments (SEPA & ACH)

Discover how to configure invoices in Stack to support bank-only transfers. This feature offers businesses the flexibility to use direct bank transfers as the sole payment method, simplifying the invoicing process for those who prefer non-card payments.

Table of Contents​

What are Bank-Only Transfers?​

The Bank-Only Transfer feature allows businesses to limit payment options on invoices to only bank transfers. By choosing this option, businesses ensure that clients pay exclusively via bank transfer, eliminating credit card transactions.

This feature is designed to:

  • Enhance customization of payment methods.
  • Support businesses in regions or industries where bank transfers are standard.
  • Reduce transaction fees associated with card payments.

Key Benefits of Bank-Only Transfers​

  • Lower Costs: Avoid high processing fees linked to credit card payments.
  • Business Flexibility: Cater to clients and industries that prefer or require direct bank-to-bank transactions.
  • Simplified Payment Process: Streamline invoicing by focusing on a single, secure payment option.

How to Set Up Bank-Only Transfers in Invoices​

Step 1: Access the Invoices Section​

  1. Log in to your Stack account.
  2. Navigate to the Invoices section from the main dashboard.

Step 2: Create or Edit an Invoice​

  • To create a new invoice, click on + Create Invoice.
  • To edit an existing invoice, find it in the list and click Edit.

Step 3: Select Bank Transfer Payment Option​

  1. Scroll to the Payment Options section.
  2. Choose Bank Transfer as the exclusive payment method.

Step 4: Save and Send the Invoice​

  1. After configuring the payment option, click Save.
  2. Use the Send Invoice button to email the invoice to your client.

Common Use Cases for Bank-Only Transfers​

  • Regional Needs: Ideal for businesses in areas with low credit card usage.
  • Transaction Fees: Perfect for companies aiming to minimize transaction costs by avoiding card processing fees.
  • Secure Payments: Suitable for clients requiring direct and secure bank-to-bank transactions.

Frequently Asked Questions​

Q: Can I enable both card payments and bank transfers on the same invoice?
A: Yes and no. You would need to enable "All Valid Payment Methods", which would include more than just card payments and bank transfers. This specific feature is designed to make bank transfers the exclusive payment option for an invoice.

Q: Does this feature require Stripe integration?
A: Yes, enabling bank transfers involves configuring your Stripe account to handle these payments. To learn more about setting up bank transfer capabilities, check out this help article: ACH Debit Payment Method on Invoices.

Q: How do I track payments made via bank-only transfers?
A: Payments are recorded under the Invoices section, similar to other payment methods.