Your questions about Roket's bank-to-bank ecommerce payments

Our ecommerce payments solution is new to the market. We answer commonly asked questions below.

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What is Roket?

Roket is a bank-to-bank payments solution for ecommerce shops. Similar to Affirm, Paypal, and other companies we provide an additional method of accepting payments on your ecommerce site.

What is ACH?

ACH stands for Automated Clearing House which is a United States financial network used for financial transactions that are electronic fund and money transfers. ACH processes large volumes of credit and debit transactions in batches. Examples of ACH include direct deposit, payroll and vendor payments.

What is EFT?

EFT stands for Electronic Funds Transfer. EFT is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, which occurs electronically and without the direct intervention of bank staff. Examples are e-transfers, wire transfers, PayPal, Venmo, and similar/

How can you charge only 1% in processing fees?

Our method of accepting payments is bank-to-bank, which you may know as ACH or EFT. Since we are not reliant on the credit card network, we are able to charge 1% fees as opposed to the 2.9+% processing fees credit card companies charge.

Is Roket a secure payment method?

Roket uses industry-leading financial services that are themselves secure data transfer networks. These financial services link your business's bank account to automatically receive payments from your customers' bank account directly.

This direct linking means that Roket does not hold any funds or know any party's log-in credentials for their banking information or accounts.

How can an ecommerce store owner or merchant integrate with Roket to accept bank-to-bank payments?

Roket integrates with Shopify and plans to expand to WooCommerce, Wix, and custom ecommerce stores. For the ecommerce platforms with marketplaces, Roket is an application that can be integrated as easily as other payments solutions.

What banks does Roket accept?

Roket accepts all major banks in the United States and Canada.

How can online shoppers get one-click payments with Roket?

Once you log-in to your bank to create a connection, you do not need to enter your credentials again. This ensures you can access one-click bank-to-bank payments on any store that is using Roket.

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