Bank Transfer (BACS)
Direct Bank Transfer, or Bank Account Clearing System (BACS), is a gateway that require no payment be made online. Orders using Direct Bank Transfer are set On Hold until payment clears outside of WooCommerce.
You, as the store owner, should confirm that payments have cleared bank accounts before processing orders in WooCommerce. It’s important to verify that you are paid before shipping an order and marking it as Processing or Complete.