Accept Bank Transfers and Set Up Direct Debit in Woocommerce – In this article I will show you how to accept bank transfers and set up direct debit in Woocommerce.

You will learn what a bank transfer and direct debit are, how to accept bank transfers as a form of payment, and how to set up direct debit in Woocommerce.

What is a Bank Transfer?

A bank transfer, also known as ‘direct bank transfer’, is the transfer of money from one bank account to another.

What is a Direct Debit?

A Direct Debit is an agreement between two parties, usually a provider and a customer, authorising the former to take money from the latter’s bank account at regular intervals.

Bank Transfers and Woocommerce

Bank transfers can be enabled as a payment method in Woocommerce (source: Woocommerce.com^[1]Direct Bank Transfers (BACS), Woocommerce.com).

How to Enable Bank Transfers in Woocommerce

To enable bank transfers in Woocommerce:

1. From your WordPress admin, click on Woocommerce > Settings
2. Select ‘Payments’ from the tab menu
3. Scroll to the corresponding payment method and enable it by clicking on it

Direct Debit and Woocommerce

To set up direct debit in Woocommerce, you can use a plugin called ‘GoCardless (source: Woocommerce.com^[2]GoCardless, Woocommerce.com).

How to Set Up Direct Debit in Woocommerce (with GoCardless)

To set up direct debit in Woocommerce with GoCardless:

1. Buy and download the plugin from the Woocommerce repository
2. Activate the plugin
3. Enable it as a form of payment from Woocommerce > Settings > Payments
4. Sign up for GoCardless
5. Connect your website to your GoCardless account
6. Follow the instructions on the corresponding Woocommerce page