How to Set Up Payments (Stripe, PayPal, Square, ACH, Credit Cards)

How to Set Up Payments (Stripe, PayPal, Square, ACH, Credit Cards)

Adding payment methods in your Lendio account is one of the best ways to make your accounting easier and faster, not just for your business but for your clients as well. Having more avenues for your clients to pay you removes hurdles that can delay filling your invoices.

Accept a variety of payment methods, including, Automated Clearing House (ACH) bank transfers, Credit Cards, Stripe, PayPal, and Square. Let’s see how you can add these payment methods to your account.

Adding Payment Methods

On the left-hand navigation menu, click on Settings > App Settings.

What you'll see in App Settings:

This is the main page to add new payment methods. You may already see some methods listed by default (marked as such). To add a new method, click Add payment method on the top right. You will see a dropdown menu to select from the available options:

Selecting a payment method will bring up a menu with options to rename the method, enable the method on your invoices, editable instructions for your clients, and more.

Note: Free users do not have access to enable Stripe, PayPal, or Square payments. These methods are only available with a Plus subscription.

You can toggle Enabled as default on new invoices at any time to change whether this payment method shows up on your invoices. (You can also selectively choose which payment methods show up on specific invoices on the invoicing screen.)

Choosing a 3rd party payment method such as PayPal, Stripe, or Square will bring up an informational message box to notify you of how the payment method works, what fees are associated, and a link to learn more:

Clicking Continue will bring you to an external login page for the chosen payment method. Login to your external account to authorize connecting to Lendio. For example, choosing Stripe will bring up a new window similar to this:

You will see similar login pages for PayPal and Square as well, to connect your pre-existing account. Once connected, you will see each payment option available to use when you create an invoice.

WePay for Credit Cards and Bank Transfers

All users should enable WePay to process credit card payments and ACH bank transfers. This is a secure way to accept these payment methods, especially if you don’t have a Stripe or Square account to accept credit cards. For free users, you must enable WePay to accept ACH and credit card payments.

Follow the link to learn more about WePay. Payment processing fees can be found on our pricing page.

Choosing Payment Methods for Each Invoice

As mentioned earlier, users will be able to toggle which payment methods appear on specific invoices when creating invoices. When you are drafting an invoice, the online payment options appear at the top in an expandable view:

Default view, your specific account may look differently depending on your particular settings.
You can toggle each payment method on or off for that specific invoice here, or turn off all online payments altogether. This way, you can provide different payment options for different clients of your business.

Once you've enabled the payment methods you wish, you'll have a wealth of options to help you get your invoices paid.

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