To accept card payments on your invoices sent from Mercury, you need to create (or connect an existing) Stripe account. Note: The minimum payment Stripe will accept is $0.50.
You can enable or disable card payments on each invoice that you create.
How to enable card payments for invoices
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Connect Stripe Payments to Mercury
- Go to Settings -> Integrations in your Mercury account
- Find “Stripe Payments” in section “Other”
- Click on “Set up Stripe Payments”. If you have an existing approved Stripe account you can also login and connect said Stripe account rather than reapplying
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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
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Check “Accept credit cards” when creating a new invoice
- Check “Accept credit cards” if you want to allow card payments for this particular invoice
- Note: Your recipients will always have other options to pay as well - they can send an ACH or wire
- Check “Accept credit cards” if you want to allow card payments for this particular invoice
How card payments work
- When your payer pays an invoice by card, the payment will go to your Stripe account first
- 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 fees
- 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