Digital payments make it quick and easy for your customers to pay your invoices. In this article, we explain how to set up digital payments with Stripe in Rentman.
Rentman allows you to add digital payment options to your invoices, so customers can pay with just a few clicks. All common payment methods are supported, including credit card, and bank transfer.
Why would you use digital payments in Rentman?
Digital payments make it easier and quicker for your customers to pay you. Also, when an invoice is paid digitally, its status in Rentman is automatically updated to "Paid".
Digital payments are ideal to use especially if you work with a lot of private persons or smaller companies.
How does it work?
In Rentman you add a digital payment button to your invoice similar to the digital sign button on your documents. Your customer clicks on this button and can directly pay the invoice amount with the preferred payment methods available on Stripe.
When your customer pays the amount it is transferred directly to your Stripe account. Stripe transfers the money regularly back to your own bank account based on your country's standard payout timing.
What does it cost?
The Rentman connection is included in your license. Stripe charges for each transaction.
Why did we choose Stripe to connect with?
Stripe is one of the world's leading payment platforms, with customers like Facebook, Deliveroo, Wish... and Rentman too! Stripe can be used in several countries, and it offers a safe and reliable service to hundreds of thousands of companies around the world.
How can I set it up?
Setting up digital payment for Rentman consists of three basic steps:
- Sign up and activate your Stripe account.
- Connect Rentman to your Stripe account.
- Add a digital payment button to your template.
Set up and activate Stripe
Creating a Stripe account is free of charge and consist of the following steps:
- Click this link.
- Click on the "Start now" button.
- Follow the instructions to create and activate your account.
Connect Rentman to your Stripe account
The connection between Rentman and Stripe is authenticated with a so-called "API key", which you can obtain from Stripe. This key needs to be linked to your Rentman account in the configuration.
How to obtain your API-Key from Stripe
Follow the steps to obtain your Stripe API-key:
- Go to your Stripe account.
- On the left column, click on 'Developers' >> 'API keys'.
- Copy the secret API-key.
Link your Rentman account to Stripe
Follow the steps to link your Stripe account to your Rentman account:
- Go to your Rentman account.
- Go to settings Configuration module > Financial > Payment methods.
- Set Online payments to "Stripe" (Mollie only for payments in euro).
- Enter the secret API key.
- Enter your e-mail address for notifications when payments are completed.
After entering this information your Rentman account is connected to your Stripe account.
Add digital payment button to invoices
By default, Rentman does not add the option for digital payments. You can easily add the digital payment module by drag-and-dropping it into your template.
Frequently asked questions
Can I add the digital payment button also to quotations or contracts?
No, you can only use the digital payments in invoices. The digital payment option is only connected to invoices as the invoice amount is a specific amount carefully calculated and processed in Rentman. The invoice amounts can differ from the project amount shown on the quotations and contracts.