Accrue Pay

A Complete Payment Solution for Merchants​

Product Overview​

AccruePay is a comprehensive payment suite that provides merchants and customers with flexible, cost-efficient payment flows through a sophisticated digital wallet platform. The system leverages multiple payment infrastructure options to maximize efficiency and improve customer retention, operating over traditional bank rails, debit networks, and supporting custom POS integrations.

Business Benefits​

AccruePay transforms conventional payment processing into a strategic asset that drives customer acquisition, loyalty, and increased revenue:

• Reduced Payment Costs: Substantially lowers transaction fees compared to credit card processing, improving profit margins.
• Enhanced Loyalty: Rewards customers (e.g., 1% discount on future purchases) to strengthen engagement and retention.
• Better Data Insights: Provides a deeper understanding of customer saving and spending behavior, enabling smarter marketing strategies.

Pay by Bank​

Pay by Bank enables consumers to pay directly from their bank account, bypassing credit and debit cards. This method is gaining popularity in online and mobile transactions.

Even first-time Accrue users can access this payment option, which delivers considerable cost savings to merchants.

How Pay by Bank Works​

The standard Pay by Bank transaction flow includes:

• Selection at Checkout
  The customer selects "Pay by Bank" at checkout in an app or online store.

• Bank Selection and Authentication
  The customer chooses their bank from a list of supported institutions and securely logs in via their bank’s platform using standard credentials (e.g., password, biometrics, or PIN).

• Review and Authorization
  The customer reviews transaction details—such as amount, recipient, and payment account—and approves the transaction within their bank's environment.

• Direct Transfer
  Funds are transferred directly to the merchant’s account using established rails such as ACH, RTP, or equivalent regional networks.

• Confirmation
  The customer is returned to the merchant’s site or app with confirmation of a successful payment.

Summary Table​

Key Features and Benefits​

• No Card Required
  Reduces friction and eliminates the need to enter or store card data.

• Enhanced Security
  Leverages the bank's authentication measures like two-factor authentication or biometrics.

• Fast or Instant Settlement
  Payments settle quickly depending on the network (e.g., ACH, RTP).

  Accrue Pay currently supports Standard and Same Day ACH - RTP support expected in Q4 2025

• Lower Fees
  Merchants benefit from significantly lower transaction costs.

• Reduced Fraud and Chargebacks
  Bank-level authentication leads to lower fraud rates and fewer disputes.

Pay by Wallet​

Accrue Wallet offers three variations of Pay by Wallet. This method enables consumers to pay directly from their wallet via card networks, debit networks, or bank rails, and can eliminate all transaction fees through direct POS integration.

Accrue Wallet provisions a virtual debit card that can be added to digital wallets like Apple Wallet or Google Wallet.

Once provisioned, customers can tap to pay at any contactless-enabled terminal. Transactions are routed through traditional card or debit networks, depending on merchant system configuration and their payment service provider.

Accrue reduces transaction fees by:

• Issuing debit cards, which have lower interchange fees than credit cards.
• Establishing direct merchant agreements to optimize processing costs.

This results in a secure, seamless, and immediate payment experience.

ACH with Pay by Wallet​

Accrue Wallet also supports direct bank payments via the Accrue SDK for mobile apps or the Accrue API for POS systems, providing a seamless customer experience.

ACH payments can be initiated via:

• A merchant’s mobile app integrated with Accrue Wallet
• QR code scanning at checkout
• Participation in a loyalty or rewards program

These transactions are processed over the ACH network, with support for both standard and same-day transfers within the U.S.

Merchants can avoid ACH returns by validating and authorizing payments through the Accrue API. Each ACH payment is individually originated and settled in full.

Accrue lowers processing costs by:

• Using ACH, which has lower fees than card networks
• Facilitating direct merchant integration, eliminating third-party processors

This method ensures a cost-effective, secure payment experience.

Integrated with Pay by Wallet Payments API​

To begin accepting payments via Accrue Wallet, merchants should:

• Set Up Your Accrue Banking Profile

  • Provide Accrue with your merchant bank account. This will be used for receiving ACH settlements.

• Integrate with Your POS or E-commerce Platform

  • For in-store POS, ensure your system supports custom integrations. Accrue credentials are configured and enabled as a payment option.
    Accrue provides integration support and uses its API to connect with your POS.

  • For online checkout, connect your Accrue account to your e-commerce platform using the Accrue API.

• Enable Accrue Wallet Payment Options

  • For in-store transactions, merchants can offer multiple options:
    • Generate a dynamic QR code using the Accrue SDK in your app
    • Loyalty ID verification, such as phone number or email associated with the Accrue Wallet

• Confirm and Track Payments
  All transactions can be tracked via the Accrue merchant dashboard or your POS integration, streamlining order reconciliation and reporting.

Accrue can eliminate all processing fees by:

• Using the full suite of Accrue Pay APIs
• Supporting purchases, refunds, and cancellations via API
• Allowing customized settlement schedules tailored to each merchant

Settlements and Reconciliation​

Accrue Pay offers flexible settlement options to meet your business's financial operational needs:

• Multiple Settlement Methods: Support for Standard ACH (3-7 business days), Same Day ACH (24 hours), and soon Real-Time Payments (RTP)
• Batched Settlements: Payments and refunds can be batched into single transactions for streamlined reconciliation
• Detailed Reporting: Comprehensive settlement reports that integrate with your accounting systems

For full details on the settlement process, reporting, and reconciliation capabilities, refer to our Settlements Guide.

AccruePay delivers a modern, seamless experience for consumers while offering merchants significant advantages in cost, customer loyalty, and operational efficiency. Integrate today and transform the way your customers pay.