Magento Commerce, 1.14.x

Magento 1.x Software Support Notice
For Magento Commerce 1, Magento is providing software support through June 2020. Depending on your Magento Commerce 1 version, software support may include both quality fixes and security patches. Please review our Magento Software Lifecycle Policy to see how your version of Magento Commerce 1 is supported.

Bank Transfer Payment

Magento Commerce lets you accept payments transferred directly from customers’ bank accounts to your merchant bank account.

To set up bank transfer payments:

1. On the Admin menu, select System > Configuration.
2. In the panel on the left, under Sales, select Payment Methods. Click to expand the Bank Transfer Payment section. Then, do the following:
a. To activate this payment method, set Enabled to “Yes.”
b. Enter a Title to identify this payment method during checkout.
c. Set New Order Status to “Pending” until payment is authorized.
d. Set Payment from Applicable Countries to one of the following:
  • All Allowed Countries

    Customers from all countries specified in your store configuration can use this payment method.

    Specific Countries

    Select each country in the Payment from Specific Countries list where customers can make purchases from your store.

e. Enter the Instructions your customers must follow to set up a bank transfer. Depending on the country where your bank is located and your bank’s requirements, you might need to include the following information:
  • Bank account name
  • Bank account number
  • Bank routing code
  • Bank name
  • Bank address
f. Set Minimum Order Total and Maximum Order Total to the amounts required to qualify to use this payment method.

An order qualifies if the total falls between, or exactly matches, the minimum or maximum total values.

3. Enter a Sort Order number to determine the position of Bank Transfer in the list of payment methods during checkout. (0 = first, 1 = second, 2 = third, and so on.)
4. When finished, click the Save Config button.