Authorizing Debits for Monthly Fee Billing
To minimize declined payments for your monthly processing fees due to unauthorized debits, avoid potential disputes, and easily issue customer refunds, we recommend that you provide your bank with Stripe's ACH company ID's (Stripe is our processing partner).
Authorizing debits for Podium allows Stripe to remove funds from your account when issuing refunds and collecting monthly processing fees (see Enabling Monthly Fee Billing article in our Help Center).
ACH company IDs for Podium
Podium uses Stripe with two company IDs to collect ACH debits and send ACH deposits on behalf of all users.
- 1800948598 - Stripe Payments Company
- 4270465600 - Stripe Payments Company
What is an ACH Company ID
An ACH company ID is a 10-digit identifier used by banks and Nacha, the operator of the ACH network, to identify the entity collecting payments or sending money via ACH (also referred to as an "originator").
How are ACH company IDs used?
Company IDs help ensure that debits are made on the correct bank account since some business bank accounts may have filters in place to deny debits from unknown entities. To allow Stripe to debit from or deposit into your (or your customer's) account on your behalf, Stripe's ACH company IDs must be provided to the bank to ensure ACH transactions will be processed.
In some cases, a debit that is attempted on such an account without providing Stripe's ACH company IDs will result in an unexpected dispute. When this happens, the bank account may also become blocked for use with Stripe.