Once you’ve checked out on a nonprofit’s fundraising page, you will receive an email notification from Give Lively indicating that your payment is pending. How long does it take for the ACH/bank payment to go through?ĪCH/bank payments typically take about 5-7 business days to process. The nonprofit can reach out to Stripe and request an increase that accommodates your generosity. You should contact the nonprofit directly and explain your desire to donate beyond its current ACH/bank payment limits. If you attempt a contribution in excess of a limit, you will receive an error message. Unfortunately, there are limits to ACH/bank payments. All that’s required is your bank’s web login credentials. With Financial Connections, you don't need to remember your bank account and routing numbers, and you don't have to wait several days for verifying micro-deposits to hit your account. We've made paying via ACH/bank very easy by integrating with Stripe Financial Connections to power ACH direct debit payments. That means that $22 to $35 of your donation will be redirected to Stripe and not the nonprofit. If you make the same donation via credit card, the nonprofit will receive between $965 and $977 of your payment, depending on the type of credit card. If you donate $1,000 via ACH/bank, the nonprofit will receive $995. This contrasts with credit cards, which trigger fees between 2.2% and 3.5% of the total transaction and are never capped. Through Financial Connections, Stripe takes 0.8% of each ACH/bank transaction, capped at $5 no matter how large the donation. This means that nonprofits get more from your donations, putting more of your contribution to work to fulfill their missions. It's simple: donating by ACH/bank is by far the least expensive payment method. How does more of my money make it to the nonprofit with ACH/bank payments? It is possible that your ACH processor was Plaid. Do not be alarmed by minor differences between your experience and the process shown here. Both are trusted services and guide you through a similar ACH/bank-payment process. Our first-generation forms use Plaid and the second-generation forms rely on Stripe Financial Connections. IMPORTANT NOTE: ACH transactions are currently handled by different services, depending on which generation payment form is in use.
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