Provide ACH ID
Provide ACH ID for billing entity so that the ACH transaction can be pre-approved at the bank. This reduces the risk of getting it caught in banking fraud filters.
Audra McLain
shared this idea
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Josh Dspt
commented
This seems to be a good feedback.Keeping things simple and easy to understand is important for clients and customers to get comfortable with products. The same principle we use in our physical therapy practice to enable best treatment facilities to patients and help them recover from chronic pain conditions. https://divinespinept.com/physical-therapy/edison/
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David Anthony
commented
Because Chase Bank business accounts now use a white list for ACH payments - businesses that are not on the "approved" list will be rejected for payment.
In order to set up the vendor to be on the approved list - the client (the one who is going to pay the invoice) has to list the ACH Payer ID.
Quickbooks should provide the ACH Payer ID because payers will not be able to pay without it. If they have not already, I'm sure that other banks will be requiring this information soon as well.