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Offering bank transfer as a payment option is a fantastic way to cut down on transaction fee costs for your business. If you select to accept bank transfer payments, you can take advantage of 1% transaction fees, up to $9.00 with a $1.00 minimum. Bank Transfer also includes account and fund validation.
What is a bank transfer?
A bank transfer is an electronic funds transfer, also known as direct pay, electronic check, or ACH in the US. It will allow your clients to pay you directly from their bank account, instead of using a credit card.
How does that look for your customers?
When your clients select to pay from an invoice or payment link they will be directed to a ThryvPay screen that will allow them to select to pay by bank transfer or credit card.
Bank Transfer Option:
Credit Card Option (with convenience fee):
How do I add bank transfer as a payment option?
Navigate to ThryvPay Settings by selecting Settings > Payments
- Select Click here to update your payment settings
- Scroll down to Payment Options.
- Select Yes, I want to accept bank transfer Payments.
*Bank transfer payments are currently only offered by the ThryvPay payment gateway.