Setting Up Payments

Before your customers can pay invoices online, you need to set up payment processing. This involves verifying your business and connecting a bank account where your funds will be deposited.

How to Get There

Go to Configure > Payment Settings in the sidebar.

Getting Started

The setup process walks you through a few steps:

1. Business verification — Provide your business details (legal name, address, tax ID). This is required by payment regulations.
2. Representative verification — Verify the identity of a business owner or authorized representative.
3. Bank account connection — Connect the bank account where you'd like to receive payments.

The verification process may take a short time to complete. You'll be notified when everything is approved and ready to go.

What Happens After Setup

Once payments are active:

• Your invoice emails will include a Pay Now link
• Customers can pay online using bank transfer or card
• Funds are deposited to your connected bank account
• Payment statuses update automatically on your invoices

Common Questions

How long does bank account verification take? Most bank accounts are verified within 1-2 business days. During this time, you can still use Peasy normally — you just won't be able to process payments until verification completes.

Which banks are supported? Peasy's payment processor supports most US banks and credit unions. If instant bank linking isn't available for your bank, you may need to complete verification manually instead.

What are the fees for receiving payments? Fees can change over time. Peasy shows the current card and ACH rates directly in Configure > Get Paid, so check there for the latest pricing during setup.

Is my banking information secure? Yes. Peasy doesn't store your bank credentials. Payments are processed through a PCI-compliant payment processor, and your bank account is connected securely using bank-level encryption.

Good to Know

• Payment setup is a one-time process — once you're verified, you're good to go.
• Your business information is verified securely and is not shared with your customers.
• If you need to change your bank account or business details, you can update them in the payment settings.
• Payment processing is optional — you can still use Peasy for inventory, purchasing, and sales without setting up payments.

Related

• Payments Overview — How payments work in Peasy
• Payment Methods — Bank transfer vs. card payments
• Payment History and Ledger — Tracking your transactions