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This is super important for b2b companies that need to accept payments of multiple thousands of dollars (e.g. Annual subscription / support), which largerish co
by fideloper 11y ago
This is super important for b2b companies that need to accept payments of multiple thousands of dollars (e.g. Annual subscription / support), which largerish companies typically will not hand over a cc for, either due to CC limitations or (usually) internal process red tape.
- tyingq 11y agoI would say both yes, and no. My experience in B2B is that medium to large companies will want to pay you via ACH. However they have little to no interest in entering their online banking ID and password into something like what Stripe is providing. They already make ACH payments, using their own tools, and all they want from you is your routing and account number so they can do so. Assuming you are a US company, with a US bank account, you've already been able to accept ACH payments in this way for some time. This setup from Stripe seems to be targeted at consumers, or maybe small business owners, as the purchaser. I'm sure that's a need, but probably not a huge one. Many of my customers that are medium/large businesses want to make ACH payments, almost none of the small businesses have an interest in that.
- pcunite 11y agoThis is my experience too. When a customer wants to buy my product and the cost is over $5K, I give them the following and it shows up in my bank in about 3 days or so. Bank Address, Swift Code, Account Number, Routing Number.