What is Stripe?
Stripe is a payment processing service which you can set up in just a few minutes. It allows you to collect payments from your customers via debit/credit cards for a small fee (see pricing here). If you sell online or offer a subscription service then Stripe could be a great solution for you.
How does Stripe work with Pandle?
The Stripe integration is available for all Pandle Pro users and works with Pandle in two ways.
As a bank feed: Pandle will connect with Stripe to automatically feed all of your transactions into Pandle. This saves you from manually entering these transactions into Pandle or trying to import CSV files. Once the integration with Stripe is set up, users can simply 'Check And Confirm' the transactions.
Currently, Pandle is the only accounting software in the UK that uses Stripe as a feed. This type of integration is essential as Stripe is now an online wallet, meaning transactions can come from different sources and there can be a balance on the account.
As a payment processor: Pandle will connect with your Stripe account in order to collect payments from your customers. You can include a 'Pay Now' button on your customer invoices so that your customers can pay you instantly upon receipt of the invoice via debit/credit card.
Once your customers pay, the invoice status changes from unpaid to paid and you will receive a notification either in the app or via email to tell you that the customer has paid, with details of how much they have paid.
Setting up Stripe as a bank feed
To set up Stripe you will need add it as a new bank account in Pandle. To do this go to Enter Transactions > Banking Tab > Add New Bank Account.
Call the new bank account Stripe and select 'Stripe' as the entry method. Then choose 'Connect Stripe Account'.
You will then be prompted to enter your Stripe username and password (or set up an account if you have not registered with Stripe). Once you have logged into Stripe you can then click 'Save Bank Account In Pandle'.
To get Stripe to feed through your transactions automatically, simply click on 'Enter Transactions' in the banking tab and select your Stripe bank account.
You will then be asked to enter the date you want to pull transactions from. If you have previous transactions in your Stripe bank account (if you were entering them manually previously) then the date after the last entered transactions should be pre-populated. If not then you can choose the start date yourself.
You will then be presented with the feed status:
Once this status is set to 'Complete' you can click the green check and confirm icon. You will then be shown a list of transactions for you to check and confirm. The categories and tax treatment should be selected for you but you can make changes if something is incorrect. Simply select each transaction (or select all at the top) and click 'Confirm Checked'.
Your transactions will now appear in Pandle.
Setting up Stripe as a payment processor (Pandle Pay)
This short video will show you just how easy it is to set up Pandle Pay and start receiving instant payments from your invoices:
Go to Settings > Document Settings > Invoice Options Tab, then click 'Integrate with Stripe'
Please follow the instructions on screen and enter your Stripe credentials. Once this is done a 'pay now' button will be present on the invoices you send to your customers:
Once your customer clicks the pay now button they will be directed to the following page which asks for their payment details:
As soon as your customer has paid they will receive a payment receipt via email and you will receive a payment notification in Pandle and via email. The invoice will also be marked as paid in Pandle so that further automated payment reminders are not sent out to the customer (if you have them setup).