It shouldn’t be a pain to get paid. We break down why you should accept online payments by FreshBooks and how to get set up.
Get paid without the fuss of late or lost checks. We’ve got the solution: Online payments by FreshBooks. There are a plethora of advantages that online payments bring. The biggest of them all is the fact that you could cut the wait times and get paid faster!
And now it’s simpler than ever to accept credit card payments online in FreshBooks. Curious to see what it’s all about? Read on…
Why Accept Online Payments?
If you don’t accept online credit card payments from your clients today, you likely spend a ton of time and effort trying to get paid—valuable time you could be dedicating to your projects instead.
Whether you’re chasing clients for checks, constantly having to make bank runs, or manually updating your FreshBooks account every time you get paid, the process could get cumbersome.
There’s a better way.
According to a 2017 study by PayPal Canada, businesses that accept online payments earn double the revenue of businesses that don’t. And a FreshBooks report shows that business owners can get paid twice as fast by enabling online payments.
FreshBooks’ online payments enable you to:
- Accept credit card payments right away after a simple setup
- Give your clients the easiest and most convenient way to pay your invoices online, and help you get paid faster
- Automatically import payment transaction fees as expenses to save you time
- Streamline your payment-related needs since, best of all, they’re backed by FreshBooks’ award-winning support team!
How Does Payments by FreshBooks Work?
Setting up online payments in your FreshBooks account is simple! In your Dashboard, click the gear beside your company name. Select Accept Online Payments.
There, you’ll learn more about the transaction fees and benefits of accepting credit card payments online. When you’re all set, click “Connect My Bank” to unlock online payments. Stay tuned for an e-mail from FreshBooks to set up your FreshBooks Payments account and enter your banking information.
As an alternative payment gateway, you can set up an account with Stripe.
How Much Does It Cost?
Pricing is simple and transparent:
- Visa / MasterCard / AMEX / Discover / Apple Pay: 2.9% of the payment amount + $0.30 per transaction
- ACH: 1% bank transfer fees (only available in the U.S.)
… and that’s it! There are no setup fees, monthly fees, minimum charges, or costs associated with validations or failed transactions. Plus, auto-bills are free so you can really put your billing on cruise control.
New on FreshBooks: ACH Payments
We’re pleased to announce the launch of ACH Payments by FreshBooks! But what’s ACH? Short for Automated Clearing House, ACH is just like a bank transfer. If enabled, you’ll be able to get paid twice as fast at a low transaction fee of 1%.
When you use ACH payments, the funds will automatically be deposited into your bank account within three to five days and marked as paid. Enjoy all the benefits of faster payments in FreshBooks!
ACH payments are only available to U.S. customers who enable FreshBooks Payments.
Get Started Today
If you’re ready to give online payments a shot, try it out on your next invoice.
Have any questions about the setup? Feel free to contact FreshBooks’ Support Team or give them a call 1-866-303-6061 and they’ll be happy to give you a hand.