This feature is available on all Goodshuffle Pro Plans.
Instant Bank Payments give your clients a faster way to pay directly from their bank account when there isn't enough time for standard ACH to settle. Unlike traditional ACH, which takes 3–5 business days, Instant Bank Payments settle like Credit Card payments (i.e. paid out to your bank in 1-2 business days) making them a great option as events approach.
How Instant Bank Payments Work
Instant Bank Payments use the same bank-transfer rails as ACH, but without the "Pending" timeline of traditional ACH payments. When a client pays using this option, the funds settle within two business days.
When Clients See Instant Bank Payments as an Option
A client will see Instant Bank Payment in client view when all of the following are true:
You've enabled an ACH cutoff window on the project
Instant Bank Payment is accepted during that cutoff window
The charge is less than $5,000
The project does not have a net payment policy
Instant Bank Payments carry a 2.5% processing fee. You can choose whether to absorb the fee or pass it on to the client — see How to Enable Instant Bank Payments.
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