Learn how to accept bank debits with Stripe.
With bank debits, you can pull funds directly from your customer’s bank account for both one-time and recurring purchases. Bank debits are often used by:
- Businesses collecting recurring payments from other businesses.
- Retail and services businesses that want a low-cost alternative to cards for large consumer payments, like rent or tuition.
To initiate a bank debit, a customer enters their bank account details during checkout and gives you permission to debit the account. This permission is called a mandate.
To reduce fraud with some bank debits, verify the bank account before the payment by confirming microdeposits or bank login. Verifying bank login can improve the user experience because customers pay by logging into their bank rather than entering bank account details.