Once the PayPal integration has been activated, your customers will be able to pay invoices via PayPal.

Sending invoices with an online link:

1) Clients will receive a notification email which contains a link to view the invoice online.

2) Clicking the link will open up a browser window displaying the invoice.

3) Clicking the Pay with PayPal button will open up a box for the client to either

  • Log in to their PayPal account

OR

  • Pay as a PayPal guest by entering their payment information

They have the option to save their payment info

Then click Pay Now

4) Once payment has been made, the income record will automatically be created as will an expense record for the PayPal fee*. This will ensure dashboard figures and taxable income is balanced and correct. Additionally the invoice status will be updated to Paid.

Notes:

  • The PayPal fee is taken from the total invoice amount and not added to the total hence why Rounded automatically creates an expense for the amount of the fee which is fully tax deductible
  • Although the invoice is marked as paid, it's not reconciled in the bank feeds and doing so will create a duplicate; there’s no action needed when an invoice is paid via PayPal
  • While Rounded does not charge any transaction free, PayPal charges fees per transaction
  • Click HERE for more information regarding PayPal’s fees

Sending an invoice PDF:

1) Clients will receive a notification email which contains a PDF attachment. The PDF attachment will contain a link Pay with a credit card.

2) Clicking the Pay with a credit card link will open up a browser window which displays the invoice. The process to complete payment is then the same as described above for sending the invoice with an online link.

3) Once payment is complete via PayPal, the income record will automatically be created as will an expense record for the PayPal fee* which will ensure dashboard figures and taxable income is balanced and correct. Additionally the invoice status will be updated to Paid.

Notes:

  • The PayPal fee is taken from the total invoice amount and not added to the total hence why Rounded automatically creates an expense for the amount of the fee which is fully tax deductible
  • Although the invoice is marked as paid, it's not reconciled in the bank feeds and doing so will create a duplicate; there’s no action needed when an invoice is paid via PayPal
  •  While Rounded does not charge any transaction free, PayPal charges fees per transaction
  • Click HERE for more information regarding PayPal’s fees

Don't forget to download the Rounded mobile app!

Did this answer your question?