After you have set the Stripe ACH payment method up you can start to set the Plaid integration up. Note that Plaid integration will not work without the Stripe ACH setting. So you should go to WooCommerce -> Settings -> Payments -> Plaid.
Let’s introduce all the settings.
- Enable/Disable – enable or disable the ACH Stripe gateway.
- Company Name – specify your company name to use it in the initialization of Plaid payment form.
- Title – title of a payment method to be displayed on a checkout page.
- Description – description of a payment method to be displayed on a checkout page.
- Mode – select the desired operating mode of the Plaid payment method. You can read more about the Plaid modes here.
- Plaid Client ID – necessary to receive payments. You can get it from your Plaid dashboard.
- Plaid Secret – necessary to receive payments. You can get it from your Plaid dashboard.
- Real-time Balance – enable this feature if you want to get the information about real-time Balance of customer’s bank account. In conclusion, this real-time Balance data can be helpful when checking to see if an account has sufficient funds before using it as a funding source for a money transfer.
- Saved Bank Accounts – enable this option if you want to provide an opportunity for your customers to save their bank accounts. Don’t enable this feature if you use Checkout Block from WooCommerce Blocks plugin.
After setting up the Plaid payment gateway, you can move on to setting up Plaid itself. You can find out how to configure it using the admin panel in the next documentation.