Once you have successfully signed up for Ricochet ACH, the next step is to add funding sources from which your payouts will be paid, and consignor/vendor accounts where payouts will be received. If you cannot find your bank listed, you can manually add your account.
How To Manually Add A Funding Source:
In Ricochet,
Click Preferences
Click Admin
Click the Ricochet Pay & ACH tab
Under Ricochet ACH, Funding Sources,
Click Add Funding Source (Ricochet uses Plaid to connect your account)
Click Continue from the Plaid pop up
Click Link with account numbers
Enter your Routing Number
Click Continue
Enter your Account Number in both the primary and confirmation fields
Click Continue
Enter your Name
NOTE: The name provided must match the name on your account in order to verify this account
Click Continue
Select Account Type (Checking/Savings)
Click Continue
NOTE: For verification Plaid will need to make a deposit of $0.01 into your bank account.
Click Authorize
You will be prompted to either enter your phone number for text verification
Click the link in the text once received
or
You will be prompted to check your bank account for a 3 letter code. Your code is the first 3 letters after the # symbol.
Log back into Ricochet from a web browser when you receive the deposit
For Admins, go to Preferences > Admin > Ricochet ACH > Click Verify
For Consignors/Vendors, go to Account > Profile > Click Verify
screenshot for reference
Once you have connected a bank account, Ricochet will reflect that your funding source was Manually Verified. If you are the store, you can then pre-load funds into a Balance Funding Source that can be utilized as a digital "wallet," storing USD funds. If you are a consignor/vendor you will be ready to receive payouts via ACH.