Online automatic payments all come with transaction fees now days. We are all used to paying credit card transaction fees, but at 3.5% + $0.50 a transaction, they quickly get very expensive. ACH Bank Transfers allows your members to use their Checking or Savings account just like they do a credit card. They can pay your Fleet Invoice directly from their bank account. And the Transaction Fee is much less. 0.9% with a max fee of $6. Invoice over $667 will pay a flat fee of $6 instead of the 0.9% fee.
Your members will go to the Pilot Partner web portal and from their My Account page, they will access their Saved Payment Methods screen. Here they can add a new bank account to their Pilot Partner account. They will be taken through a verification flow through our 3rd Party Provider (Plaid). They will log into their banking account and be asked security questions to verify they have access to the account. When they pass the verification, their bank account will be available to pay Fleet Pay Invoices in Pilot Partner.
On the Invoice Detail screen in both the Web Portal and the Mobile App, your members will be able to pay their Fleet Pay Invoice with a simple click.
Stripe will then process the payment and in a few business days the money will be in your Flying Club’s account.