Last updated 02/05/2018
Add Stripe to our Payment Portal so your customers can pay their invoices online delivers a range of benefits:
You can either create a new Stripe Gateway with Cin7 or link your existing Stripe Account.
To create a new Stripe Account and connect it to Cin7's payment portal:
Once the first charge is made on a deferred account, the account holder has one week to activate the account before Stripe blocks further charges. Stripe also blocks charges after a volume threshold is reached, usually around a few thousand dollars. After that threshold, the account must be activated within three weeks before Stripe refunds all charges.
To connect an existing Stripe Account to Cin7's payment portal:
Cin7’s Payment Portal lets your customers settle their bills in a single click. You always know what invoices have or have not been paid, and payments are reflected directly in your Cin7 sales order. Stripe makes these payments fast, reliable and secure. Once you’re set up, transfers arrive in your bank account as per Stripe's Payout Schedule.
There is no setup, monthly or hidden fees and you have the flexibility to pay as you go.
|Stripe Transaction Charge||As negotiated with Stripe|
|Cin7’s Software Fee||0.35% + 29¢ per successful card charge|
Stripe charges a conversion fee when your customer pays in another currency. Stripe allows users in some countries to connect multiple bank accounts and make transfers in multiple currencies. To avoid the conversion fee, connect a bank account for each currency.
A standard bank account with any domiciled financial institution is supported by Stripe.
Users can apply for waivers or seek exemptions by contacting email@example.com.
There are powerful reports within the Stripe admin console to help with reconciliation and batching of payments. We would recommend that you use those reports to do reconciliation.
Xero is able to connect to Stripe and in many cases it will automatically reconcile the payment if the details are a match. Learn More
For Quickbooks, Stripe lets you export your account activity. Learn More