I have been using Stripe as a payment method. I need to implement ACH to pay back to the customer's bank account.
Here's the summarized business model.
We sell recurring subscriptions to our customers
With every subscription we deposit some amount as rewards in their account
At any point of time they can claim their reward money
We ask them if they want to get paid via check or ACH
Paying to customer via check has been completed.
For ACH, I talked to Stripe and came to know that Stripe only accept payments, but it does not hold funds and exchange them with other people.
I researched and found out that Paypal does this.
Is there any other way?
Thanks
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I am using django-stripe to generate Stripe Checkouts.
I would like to pass the Stripe fees on to my customers ("surcharging").
I found a help article from stripe regarding this. It says in general how to calculate the fees to put on top of the price of the product.
The problem is, that different payment methods have different fees.
And when creating the Checkout, I must calculate the final price (including the fees I want to pass on) before I know what payment method the customer will select (and therefore what fees the customer will have to pay).
So I don't know the fees when I must put them on top of the price the user has to pay in the Checkout.
Is there a way out of this dilemma?
Unfortunately there isn't a way to dynamically change the price based on the payment method presently. You must specify the amount to be paid prior to redirecting your customers to the Stripe Checkout interface.
You could create make your users select a Payment Method prior to redirecting them to Checkout (restricting the payment_method_types to their selection) and adjust the price based on their chosen Payment Method. But that requires a lot of work on your side and loses some of the nicest features of Stripe Checkout.
I am trying to activate my GCP account by verifying the payment method but getting error. While 1 Rs. is getting debited from the bank account but failing to complete the process and verifying the account. Below is the attached screenshot of the error. I read somewhere "the Indian Government's payment policy is having 3 step validation and that can be the reason behind it."
Click here to view Screen Shot of Error
The error occurs because the card you're trying to use as a payment method doesn't support automatic recurring payments, which is required:
When you enter a debit card as your form of payment, Google checks
whether your issuing bank approves subscriptions or recurring payments
using that card. If your bank does not approve, this card will not
work for automatic recurring payments.
If you receive an error such as Your card does not support automatic
recurring payments or General decline of the card, please select a
different form of payment.
I am developing a django based application and want to transfer money to users bank account according to their earned points.
At the end of week I have a payback amount that should be send to users. How to deposit that amount to their bank account automatically at end of week.
Should I make transitions manually or there is any secure way to ?
Is it possible to transfer money from my bank account to another with script ? If not then how big companies like - adsense, facebook, amazon transfers credits ???
I can not find anywhere in the documentation where I can charge a credit card and associate it to an existing customer profile id without also having an existing customer payment profile id - in a single step.
Shouldn't I be able to simply charge a transaction against the customer profile without needing a payment profile?
Despite the down votes, this may be useful to others. It seems counter intuitive that a payment profile is required prior to charging a new credit card to an existing customer. However, I have confirmed this is indeed the case.
This has to do w/ Amazon's Flexible Payment service:
In order to try to save transactions costs I would like to aggregate all of my customers' payments & then settle them in a single pay request at the end of the day. Is this possible?
For instance, in the same day, Bob buys something for $25, Susan buys something for $30, Tim buys something for $15. Instead of sending a pay request for EACH person immediately after they buy, I want to send a SINGLE pay request at the end of the day.
The examples Amazon gives for Aggregated Payments only lists multiple payments from the SAME user, not different users.
This isn't possible, because the fees cover the processing of customers credit and debit cards, so they need to be applied to the balance of each customer.
You could still use aggregate payments to send a pay request at the end of the day for each user (in case they buy something else), but each credit card needs to be charged and you can't combine those charges.