Enabling Online Payments (Stripe and PayPal)
Open Invoice Fly.
Tap on the Settings icon located in the top left corner of the screen.
Within the settings menu, select Payment Options.
You can choose between Stripe and PayPal.
Using Stripe:
Follow the prompts to connect your Stripe account. You may need to provide business documents and bank account details.
Once connected, Stripe will handle credit card payments, Apple Pay, Google Pay, and other payment methods.
Using PayPal:
Enter your PayPal account email to link your PayPal account.
PayPal will process payments and transfer funds to your PayPal account.
Enable Online Payment on Invoices:
To enable online payments for specific invoices, go to the invoice you want to edit.
Tap Edit Invoice.
Scroll down and toggle the switch next to the online payment method (Stripe or PayPal).
Save the invoice.
Stripe Payment Timeline
Initial Payment
Initial Payment: Your first payment will be transferred to your bank account within 7-10 days after your first transaction. This initial period allows Stripe to comply with anti-money laundering regulations and minimizes fraud risk.
Verify Details: Ensure that your business and bank account details in your Stripe account are accurate to avoid delays.
Subsequent Payouts
Transfer Times by Location:
United States and Australia: Up to 2 business days
Canada, the UK, and Ireland: Up to 7 business days
Payment Handling
Payment Management: Stripe manages all aspects of card payments, including processing successful transactions, handling declined payments, and making bank deposits.
Check Payment Status: If you do not see your funds, visit your Stripe Dashboard to check the current payment status or review your Stripe settings.
Transaction Fees
Transaction Fee: Stripe charges a fee per successful transaction, plus a percentage of the total transaction amount.
Fee Variations: These fees vary based on factors such as your business's location and the type of card used for the transaction.
Detailed Information: For specific details on fees, please visit Stripe's Pricing Page.
PayPal Payment Timeline
First Payout
Initial Payment: PayPal generally transfers your first payment to your linked bank account within 2-5 business days after your first transaction. This period allows PayPal to verify your account and ensure compliance with regulatory requirements.
Verify Details: Ensure your PayPal account is fully verified, including your bank account details, to avoid any delays.
Subsequent Payouts
Transfer Times: PayPal typically processes payments and transfers funds to your bank account within 1-2 business days after each transaction.
Payment Handling
Payment Management: PayPal manages all transactions, including processing payments, handling declined transactions, and transferring funds to your bank account.
Check Payment Status: To view the status of your payments, log in to your PayPal Dashboard and review the recent activity.
Transaction Fees
Transaction Fee: PayPal charges a fee per successful transaction, plus a percentage of the total transaction amount.
Fee Variations: Fees may vary based on factors such as your business's location, the type of transaction, and the currency used.
Detailed Information: For specific details on fees, please visit PayPal's Fees Page.