Using Plastiq Connect APIs, your customer can use a bank account as a form of Payment.
Checking accounts and savings accounts are currently supported.
A checking account is a deposit account held at a financial institution that allows withdrawals and deposits.
A checking account differs from other bank accounts in that it often allows for numerous withdrawals and unlimited deposits, whereas savings accounts sometimes limit both.
A savings account is an interest-bearing deposit account held at a bank or other financial institution.
Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.
Line of Credit Account
A line of credit (LOC) is a preset borrowing limit that can be tapped into at any time.
The borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again in the case of an open line of credit.
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Updated over 1 year ago