Introducing Pay by Bank
Fintechs building with Para can now offer ACH deposits. Users buy USDC from a US bank account and receive it in their Para wallet, all without leaving your app.
Your users can now fund Para wallets straight from a US bank account, powered by Brale.
For most people in the US, moving money means a bank transfer. It’s how they get paid and how they fund nearly every other financial app they use. Until now, it’s been missing from most stablecoin onboarding.
Today we’re launching Pay by Bank. End users can buy USDC with an ACH transfer from a US bank account, right inside your app, and receive it in their Para wallet.
How it Works
Cards and Apple Pay work well for small, quick purchases. For larger amounts or regular top-ups, people tend to use their bank account, the same way they fund a brokerage or savings app. Pay by Bank gives our fintech customers that option for stablecoin balances, so users don’t have to go through a separate exchange first.
Users link their bank through Plaid and enter a dollar amount. Once the transfer clears, usually within 1 to 3 business days, USDC arrives in their Para wallet. Their bank is saved after the first purchase, so each later top-up takes a single confirmation.
For our customers, Pay by Bank runs on Para’s Brale integration, so there’s no separate ramp provider to set up. Turn on ACH in the Developer Portal, and the Para Modal’s Buy flow will offer Bank Transfer alongside your other providers.
Get Started
The Pay by Bank docs cover setup and testing, and our team is happy to help you plan your rollout. Get in touch ✴️