Accepting Credit Card, Apple, and Google Pay payments on invoices via Stripe

To accept card payments on your invoices and payment links sent from Mercury, you will need a Stripe account. This guide walks you through the setup and explains how card payments on invoicing works.

How to enable card payments for invoices and payment links

1. Connect Stripe Payments to Mercury

• Click your company name in the top left-hand corner of the dashboard
• Go to Settings > Integrations
• Locate the Stripe integration and click Connect  
• Click on Set Up On Stripe. You can create a new Stripe account, or, if you already use Stripe, you can link your existing account
   

2. Complete the Stripe onboarding flow

• It may take up to a few hours for Stripe to review and approve your account

• Once Stripe is connected, you’ll see it on the Integrations page, in the “Active” section

  Note: Once Stripe is connected, the checkbox to "Accept credit cards" becomes available when creating a new invoice and on payment links

3. Check “Accept credit cards” when creating a new invoice or payment link

• Check “Accept credit cards” if you want to allow card payments for this particular invoice or payment link. Your recipients will always have other options to pay as well - they can send an ACH or wire
• You can enable or disable card payments on each invoice or payment link that you create
  • Note: The minimum payment Stripe will accept is $0.50
     

How card payments work

1. When your payer pays an invoice or payment link by card, the payment will go to your Stripe account first
2. Stripe will charge a processing fee for each received card payment
   • The standard Stripe fee is 2.9% + $0.30 per successful charge for domestic cards (see complete list of Stripe fees here). If you connect an existing Stripe account with custom fees, those fees will also apply when using Mercury Invoicing
   • Mercury does not charge any card processing fees
3. The net amount received (what your payers pay minus Stripe fee) will be automatically sent from Stripe to your Mercury account each day. The frequency of disbursements can be edited in your Stripe account
    

Note: When you connect your Mercury account to Stripe and initiate your first payout, it's important to know that Stripe has a mandatory 7-14 day waiting period, which you can read about here. 

Managing Stripe payments

Stripe handles payments processing, disputes, and charges. You can manage these payments (disputes, charges, refunds, etc) and view payout timelines directly through Stripe.