New Payment Option: Electronic Funds Transfer

March 17, 2010

Today we have added electronic funds transfer as a new payment method for both Web-form-buddy payment forms and the Web-store-buddy shopping cart.

The idea is that you can enter your bank account details on your control panel, and then if you enable this payment method your customer will be provided with bank transfer instructions. If you accept payments from abroad, there is an option to provide the special instructions that the bank may require for those (such as SWIFT code number or IBAN number).

One slight problem with electronic funds transfers is that unless your customer provides a unique reference number with the transaction, you may find it difficult to figure out who a payment is from. To prevent that from happening Web-form-buddy and Web-store-buddy advise your customer to quote the unique transaction reference with the payment.

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