Accrue Pay by Bank
Pay by Bank using Accrue allows a merchant to offer payments directly from a user's linked external bank account within their app or website. Funds are transferred from the customers linked bank account to the merchant on a settlement schedule agreed upon by the merchant and Accrue, saving the merchant fees from payment processors.
Accrue provides this feature as a starting point for consumers to begin their savings journey with an Accrue Savings Wallet, in support of our vision to help people avoid debt and as a way for merchants to promote customer loyalty.
Once a user makes their purchase with their linked bank account they are given the opportunity to claim a reward for purchasing with the merchant which will be available to them in a new Accrue Wallet. The next time they make a purchase with the merchant, they can apply their reward for purchasing previously.
For further implementation detail view the Settlements Guide, Mobile Integration Guide and the Web Integration Guide.
How it works
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Consumer chooses Accrue Pay during Merchant checkout
When going through the checkout flow on a merchant app or site, the user clicks Accrue Pay as their payment option
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Consumer uses Accrue Savings to connect to bank
Simple and secure bank sign-in.
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Select a bank account
Account gets linked and selected for payment.
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Initiate Payment at merchant checkout
The user finishes checking out as normal.
A user can initiate creating an Accrue Savings account and linking of funding source at checkout. Implementation is quick and easy. Add a few lines of code to your checkout page and get started.
Flow diagram
