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 that 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 Agree & Pay
4) Once payment has been made, the income record will automatically be created as well as an expense record for the PayPal fee*. This will ensure dashboard figures and taxable income are 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 fee, 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 that contains a PDF attachment. The PDF attachment will contain a link Pay invoice online.
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 the invoice with an online link.
3) Once payment is complete via PayPal, the income record will automatically be created as well as an expense record for the PayPal fee* which will ensure dashboard figures and taxable income are 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 fee, PayPal charges fees per transaction
Click HERE for more information regarding PayPal’s fees
Remember to download the Rounded mobile app!