How do I add and manage my Payment settings?

Payment settings allow you to connect to your online payment provider, and customize your payment settings for payment methods and more.

Access Payment Settings

To access your Payment settings, use these steps:

1. Click on Account Settings in the top right corner
2. Select Settings
   
   
3. Under the Payment sub-tab, click on the relevant sub-tab needed.

Payment Basic Settings

In Payment Basic Settings, under the Payment Type tab, you can choose which payment options to offer to your Clients. Click on the On or Off toggle to enable or disable the method from appearing for your Clients:

• Invoice
• Credit Card

Payment Service Providers (Stripe)

Stripe allows you to receive online payments in several currencies with credit cards.

• Availability - For international businesses
• Transaction Fee - See Stripe’s list of transaction fees
• Setup - Quick to create an account, no setup, monthly or cancellation fees
• Processing / Payout Schedule - Payments are processed and settled depending on whether it’s your first payout or not, and your business’ location
• Statement Descriptor - Your clients will see "business_name" on their statements, to customize this, see Stripe's details here
• Chargebacks - See Stripe’s disputes and fraud process here

Set Up Stripe

If you don’t have a Stripe account yet, set up one here first. Once you have your Stripe account created, use the below steps to connect it in Monsum:

1. Click on Account Settings in the top right corner
2. Select Settings
3. Under the Payment sub-tab, click on the Payment Service Provider tab
   
4. Click on the Use Stripe button
   
5. A new Stripe sub-tab will appear, click on Connect
6. On Stripe’s login page, enter in your Stripe Email and click Continue
7. Next, enter your Stripe Password and click Continue again
8. Select the Stripe account to connect to Monsum, or create a new account if needed
9. Once Stripe is connected, log into your Stripe account in a new tab
10. Next, add a new Webhook to your Stripe account to allow Monsum to receive updates on payments using this Webhook link: https://app.monsum.com/index.php?cmd=1040&action=send.

If running in Test Mode, refer to Stripe’s Testing to use test payment information inside your account.