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.
Bank debits might not be a good fit for your business if:
You deliver goods immediately after checkout because payment confirmation takes 3-7 days.
Your business is sensitive to disputes—consider other payment methods because some bank debit methods favor the customer during disputes.