Once the Stripe integration has been activated, your customers will be able to pay invoices by credit card.
Sending invoices with an online link
1) Clients will receive a notification email that contains a link to view the invoice online.
2) Clicking the link will open up a browser window displaying the invoice.
3) Your client needs to enter their credit card details, then click the pay button.
4) Once payment has been made, the income record will automatically be created, as will an expense record for the Stripe fee*, which will ensure dashboard figures and taxable income are balanced and correct. Additionally, the invoice status will be updated to "Paid".
NOTES:
The Stripe fee is deducted from the total invoice amount and not added to it; hence, why Rounded automatically creates an expense for the fee amount, which is fully tax-deductible.
Although the invoice is marked as paid, it has not been reconciled in the bank feeds, and doing so will create a duplicate. No action is needed when an invoice is paid via Stripe.
Sending an invoice PDF
1) Clients will receive a notification email that contains a PDF attachment. The PDF attachment will contain a link to "Pay with a credit card".
2) Clicking the "Pay invoice online" link will open up a browser window that displays the invoice. The process to complete payment is then the same as described above for sending invoices with an online link.
3) Once payment is complete via Stripe, the income record will automatically be created, as will an expense record for the Stripe fee*, which will ensure dashboard figures and taxable income are balanced and correct. Additionally, the invoice status will be updated to "Paid".
NOTES:
The Stripe fee is deducted from the total invoice amount and not added to it; hence, why Rounded automatically creates an expense for the fee amount, which is fully tax-deductible.
Although the invoice is marked as paid, it has not been reconciled in the bank feeds, and doing so will create a duplicate. No action is needed when an invoice is paid via Stripe.
While Rounded does not charge any transaction fee, Stripe charges fees per transaction.
See https://stripe.com/au/pricing for more information regarding Stripe's Terms and Conditions.
Remember to download the Rounded mobile app!
