Introduction

Lofty supports utilizing ACH (Automated Clearing House) as a payment method. This article explains how to add an ACH payment method as your preferred billing option. 

What is ACH? 

ACH (Automated Clearing House) is an electronic network used to process financial transactions in the United States. It enables the transfer of funds between bank accounts through direct deposits and direct payments. ACH is a secure and simple payment method because it is a trusted, bank-to-bank transfer system.

Steps

Use this link to be redirected to the Billing Center ACH setup screen: Click Here. 

Or, follow the instructions below to navigate to this page manually:

First, click on your profile picture in the top-right corner, then click Billing Center:

Under Payment Methods, select + Add a Payment Method:

Choose Automated Clearing House (ACH) and then click Connect Your Account Using Plaid. Lofty uses Plaid to link to your bank account securely. 

Complete the necessary steps to utilize Plaid as a connection between Lofty and your bank. 

Make sure the box is checked to "Set this payment method as your default" and ensure your billing address is added. Then click the 'Submit' button.

When ACH has been configured as the payment method, it will display with the below 'type' in the Billing Center:

When an ACH payment is pending, this is how it will display as "Waiting for Result" in the Billing Center:

Questions? 

If you have any questions regarding this topic or any others, please reach out to our Support Team via email at <support@lofty.com>, by phone at 1 (855) 981-7557, or by chat with us through your Lofty CRM.