How to enable bank payments?
At Payyit, we’re committed to helping businesses get paid faster while reducing processing costs. That’s why we introduced Pay by Bank—a secure, cost-effective way to receive payments directly from your customers’ bank accounts.
With fees starting at 1.5% + 49¢ per transaction, Pay by Bank is a more affordable alternative to card payments. Payments settle in two business days or less, and payouts are processed instantly via FedNow—even on weekends and holidays. ⚡
Why Enable Pay by Bank?
✅ Lower Fees – Fees start at 1.5% + 49¢ per transaction, offering significant savings compared to card processing.
✅ Faster Payouts – Payments settle in two business days or less, and payouts are processed instantly via FedNow, 24/7—including weekends & holidays.
✅ No Credit Check – No credit check is required to enable this feature.
✅ No Transaction Limits – Accept unlimited ACH payments with no restrictions.
🔎 What is FedNow?
FedNow is an instant payment service launched by the Federal Reserve, allowing financial institutions to process and settle payments 24/7, 365 days a year—including weekends and holidays.
How Does FedNow Benefit You?
⚡ Faster Access to Funds – Payouts are processed instantly after settlement.
🕒 No Waiting Periods – No more delays due to bank holidays or weekends.
✅ More Reliable Cash Flow – Funds are available in real time, improving business cash flow.
With Payyit’s Pay by Bank, payouts happen instantly after settlement via FedNow, ensuring you get paid faster than traditional ACH or card transactions.
🔑 How to Enable Pay by Bank
Setting up Pay by Bank is quick and hassle-free:
1️⃣ Verify Your Identity – Identity verification is required to process both card and bank payments. 📌 Verify Identity Here
2️⃣ Apply for Pay by Bank – It takes just a few minutes to complete your application. 📌 Apply for Pay by Bank Here
3️⃣ Approval Process – Applications are typically approved within 4 hours, depending on the queue.
4️⃣ Once approved, your customers will be able to select Pay by Bank as a payment option at checkout.
💰 How Customers Pay You with Pay by Bank
Your customers can pay using one of the following methods:
🔹 Enter Account & Routing Number – Customers manually input their bank details.
🔹 Login via Plaid – Customers securely connect their bank account for quick payments.
✔ No extra steps. No delays. Just simple, secure payments.
❓ Need Help?
We’re here to ensure a smooth experience! If you have questions or need assistance, reach out to us:
💬 Chat with Us – Tap “Chat with Us” in your Payyit Dashboard for real-time support.
📧 Email Support – Contact us at hello@payyit.com for assistance.
Ready to start saving on processing fees and getting paid faster?
📌 Apply for Pay by Bank Here
With fees starting at 1.5% + 49¢ per transaction, Pay by Bank is a more affordable alternative to card payments. Payments settle in two business days or less, and payouts are processed instantly via FedNow—even on weekends and holidays. ⚡
Why Enable Pay by Bank?
✅ Lower Fees – Fees start at 1.5% + 49¢ per transaction, offering significant savings compared to card processing.
✅ Faster Payouts – Payments settle in two business days or less, and payouts are processed instantly via FedNow, 24/7—including weekends & holidays.
✅ No Credit Check – No credit check is required to enable this feature.
✅ No Transaction Limits – Accept unlimited ACH payments with no restrictions.
🔎 What is FedNow?
FedNow is an instant payment service launched by the Federal Reserve, allowing financial institutions to process and settle payments 24/7, 365 days a year—including weekends and holidays.
How Does FedNow Benefit You?
⚡ Faster Access to Funds – Payouts are processed instantly after settlement.
🕒 No Waiting Periods – No more delays due to bank holidays or weekends.
✅ More Reliable Cash Flow – Funds are available in real time, improving business cash flow.
With Payyit’s Pay by Bank, payouts happen instantly after settlement via FedNow, ensuring you get paid faster than traditional ACH or card transactions.
🔑 How to Enable Pay by Bank
Setting up Pay by Bank is quick and hassle-free:
1️⃣ Verify Your Identity – Identity verification is required to process both card and bank payments. 📌 Verify Identity Here
2️⃣ Apply for Pay by Bank – It takes just a few minutes to complete your application. 📌 Apply for Pay by Bank Here
3️⃣ Approval Process – Applications are typically approved within 4 hours, depending on the queue.
4️⃣ Once approved, your customers will be able to select Pay by Bank as a payment option at checkout.
💰 How Customers Pay You with Pay by Bank
Your customers can pay using one of the following methods:
🔹 Enter Account & Routing Number – Customers manually input their bank details.
🔹 Login via Plaid – Customers securely connect their bank account for quick payments.
✔ No extra steps. No delays. Just simple, secure payments.
❓ Need Help?
We’re here to ensure a smooth experience! If you have questions or need assistance, reach out to us:
💬 Chat with Us – Tap “Chat with Us” in your Payyit Dashboard for real-time support.
📧 Email Support – Contact us at hello@payyit.com for assistance.
Ready to start saving on processing fees and getting paid faster?
📌 Apply for Pay by Bank Here
Updated on: 28/02/2025
Thank you!