ACH Debit enables your dance studio to receive payments directly from your customers' (or parents') bank accounts using the ACH network. Integrated with Stripe, this method is available for any invoice you generate through Enrollio. With ACH Direct Debit, you can easily set up one-time or recurring payments for class registrations and other studio-related expenses, providing a smooth transition for both you and your clients.
Cost-Effective Payment Solution:ACH transactions generally have lower processing fees compared to credit card payments, which means more savings on fees for your studio’s operational costs.
Enhanced Convenience for Clients:Parents can pay directly via their bank accounts rather than using credit or debit cards, offering a simple and hassle-free payment process.
Seamless Integration with Stripe:The secure integration keeps your payment processing compliant while letting you manage transactions and payment options directly from your Stripe dashboard.
Supports Large Transactions:ACH payments are well-suited for larger amounts, such as a season’s tuition or special event fees, bypassing credit card limits.
Auto-Payment for Recurring Invoices:Set up auto-payments for recurring class fees or monthly tuition. Once enabled, it ensures timely payments without the need for manual follow-ups.
Enable ACH Direct Debit in Stripe:• Log in to your Stripe account.• Navigate to Settings > Payment Methods and confirm that ACH Direct Debit is active.
Integrate Stripe with Enrollio:• In Enrollio, go to Settings > Integrations.• Click on the Connect Stripe button and follow the prompts to log in and link your Stripe account.
Configure Payment Options for Invoices:• When creating an invoice in Enrollio, select ACH Direct Debit as one of the payment options.• If you’re setting up recurring invoices (like monthly class fees), enable the Auto-Payment feature.
Send Invoices to Clients:• Once setup is complete, parents can choose the ACH Debit option when they receive invoices.• They will securely enter their bank account details to complete the payment.
Monitor Payments in Stripe:• Use your Stripe dashboard to track ACH payments, resolve any failed transactions, and update payment details as needed.
Are there any fees associated with accepting ACH Direct Debit payments through Stripe?Yes, Stripe applies specific fees for processing ACH Direct Debit payments, which are different from standard card transaction fees. For the latest pricing details, refer to Stripe's official pricing page.
Can I use ACH Direct Debit for recurring invoices with auto-payments enabled?Yes, ACH Direct Debit works with recurring invoices. When setting up a recurring invoice in Enrollio, you can toggle the auto-pay option to automatically charge subsequent class fees or tuition on scheduled dates.
How do I manage which payment methods are displayed to my clients on invoices?You can configure which payment methods appear by adjusting the settings in your Stripe dashboard. Navigate to Settings > Connect > Payment Methods in Stripe, and select the appropriate configuration for Invoice or InvoiceWithAutopayment. Here, you can enable or disable specific payment methods to best suit your studio's needs.
What should I do if an ACH Direct Debit payment fails due to insufficient funds or other reasons?If a payment fails, Stripe will notify you of the reason, such as insufficient funds or an invalid account number. It is recommended to contact the parent to resolve the issue, which may involve updating their bank account information or selecting an alternative payment method.
This guide is tailored to help you, as a dance studio owner, seamlessly manage payments with ACH Direct Debit. Enjoy the simplicity and efficiency that this cost-effective solution brings to your studio's payment processes, ensuring that your focus stays on nurturing the talent and joy of dance.
