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Fahad Sohail
Fahad Sohail

Reputation: 1846

Stripe ACH Instant Account Validation without Financial Connections

We're facing an issue where a competitor is offering instant account validation by collecting a customer's account and routing number and it is instantly verified without opening the Financial Connections window.

We feel that is a much easier flow for ACH but the problem I am facing is while Stripe in their documentation mentions how to manually collect bank and routing numbers and verify them via microdeposits it does not anywhere show how to verify them instantly without collecting microdeposits.

If you've done this integration in the past would be super helpful if you can guide us on it. Link to the doc I am following in stripe: https://docs.stripe.com/payments/ach-debit/accept-a-payment?web-or-mobile=web&payments-ui-type=direct-api

Upvotes: 0

Views: 355

Answers (1)

Paul Manley
Paul Manley

Reputation: 71

There are several providers that collect banking information and can give you some sort of instant verification of that information. Plaid isn't a good example of this since you need to get an OAuth token and the consumer has to give permission to access their account. MicroBilt or Giact account verification feature is a better example. Those are backend APIs that take the Routing Number and Account Number. MicroBilt rVd and Giact VerificationServices/InquiriesWS is what I'm familiar with.

Upvotes: 0

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