- November 13, 2016
- New Features
Get paid faster with ServeManager Payments
Take Credit Card Payments for your ServeManager Invoices and Statements
We're excited to announce two features that will save you even more time, and make it easier to get paid!
ServeManager has integrated with Stripe, the payment platform that companies like Lyft, Twitter and Squarespace rely on for their payments. When sending an invoice or statement, your customers will now have a "Pay by Card" option if you enable this feature.
Switching from my old credit card processor to Stripe with ServeManager has been great. The processor I was using quoted me a low rate, but after all the fees were added on I was paying them between 25% and 40% of my credit card sales! Take a close look at your statements. With ServeManager Payments my fees are much lower, and the integration has been great for me and my customers.
-Tony Helferich, Alacrity Legal Services
To take advantage of these features, you'll first want to authorize the Stripe integration inside ServeManager. To do this, go to "Settings" then scroll to the bottom of that page
"My Account" --> "Settings" --> Click "Manage" next to "Accept Online Payments" - or just click here (if you're logged in to ServeManager)
When you get to this page, you'll be prompted to connect your Stripe account. If you don't already have a Stripe account, you'll be sent to a page to create your account (see below). If you already have a Stripe account this step will allow you to connect your account.
Please have the routing and bank account number for your business handy so you can get paid. You'll also be asked for your FEIN, but that field is optional.
What will my clients see?
Here's what your invoices and statements will look like with the "Pay with Card" button.
After they click the "Pay with Card" link, they are presented with a simple credit card form to enter their payment details.
Why Stripe and what are the fees?
As previously mentioned, Stripe is the payment platform that major technology and internet based companies rely on. There are numerous benefits to using Stripe and funds are usually available in your Stripe account within 48 hours of receiving payment from your customers. Having a Stripe account means you don't have to have a merchant account. Stripe is a secure vault for your customer's payment information. You can use Stripe to process payments via their interface if you have a client that's paying outside of ServeManager or your website form. It's an extremely powerful platform.
The fees for processing these payments are as follows:
- 2.9% + 30 cents per transaction from Stripe
- 1% from ServeManager
So, if you charge $50 for a serve, $2.25 will be deducted. As the volume grows within the ServeManager application as a whole, we'll be able to reduce the transaction fees. Down the road, we'll also consider other payment platforms (i.e., Paypal, etc).
Website order forms.
We can also set up an order form on your website that takes payment and creates a job in ServeManager. Set-up fees may apply.
If you have any questions, or would like us to walk you through the Stripe connect, please contact us.