Process Payment with Stripe
Navigate to Settings > App > Stripe Connect in Paigo dashboard. Click Enable button. The browser will open in a new tab the onboarding site for Stripe authentication. See the screenshot below for an example.
Fill in all the necessary business information, address, and payment so that Paigo will be able to process billing payments successfully. By authenticating and submitting all the required information, this Stripe account becomes a connected Standard Account on Standard Stripe Connect managed by Paigo. See more information from Stripe Documentation.
Note that it's critical to provide all the necessary business or payment informtion to Stripe to ensure no disruption to revenue collection. Failure to provide sufficient information to Stripe may cause the Stripe account to be in not ready status so as to block the receiving of customer payment.
Paigo requires SaaS customers' Stripe account information to issue payment request to. In order to correctly charge customers, the customer ID in the form of
cus_xxxxxxxxxxxxxxis stored in the customer entity of Paigo as the binding with a particular customer Stripe Account which is responsible for making payment for bills incurred. During the creation of Paigo customer entity, there are two options to set the binding: use an existing Stripe customer IDs (
cus_xxxxxxxxxxxxxx) or create new Stripe customer IDs.
The customer data in Paigo and customer data in Stripe are not in sync automatically because they are used for different purpose. The customer data in Paigo is used for billing, invoicing and tax purposes. SaaS business is responsible for maintaining different records of customer data in Stripe if needed.
Note that it's important to prompt customers to provide correct payment methods such as credit card information when their Stripe Account is onboarded in the customer portal in order to avoid failed charges or other errors in subsequent billing flows.
Existing Stripe customer IDs must pre-exist in SaaS business' Stripe account, and the customer ID
cus_xxxxxxxxxxxxxxthen be provided during the creation of customer entity in Paigo. Below information is a high-level overview of onboarding customer's Stripe account, which involved two steps.
Step 1: Collect customer Stripe Account Information
A customer profile must exist under the Stripe account of SaaS business in order for Paigo to orchestrate the payment. Following these steps from Stripe Document to create a customer profile in Stripe.
- 1.Verify that the customer doesn’t already exist.
- 2.Click Add Customer, or press N, on the Customers page.
- 3.At a minimum, enter your customer’s Name and Account email.
- 4.Click Add Customer in the dialog.
After the creation of a customer profile, it's recommended to use Stripe's no-code customer portal to ask customers to complete their profile information such as payment methods.
Step 2: Enter customer information in Paigo
Navigate to Customer > New Customer for the new customer creation form in Paigo dashboard. Pay special attention to the following fields:
- Payment Channel Select
- Customer in Stripe Select
- Customer Stripe Account ID Set the customer ID as assigned by Stripe when this customer profile was created. Customer ID should be in the form of
cus_xxxxxxxxxxxxxx. Customer ID can be found the customer profile of Stripe. See below screenshot for an example.
If the creation of a new Stripe customer ID is selected, during customer entity creation, Paigo will automatically call Stripe API to create a new customer entity in Stripe on behalf of the SaaS business's Stripe account and store the new customer ID. Upon successful creation of customers in Paigo and Stripe, Paigo API will return a URL to a short-lived, pre-authenticated Stripe Hosted Page, which SaaS business can redirect SaaS customers to, in order for SaaS customers to fill in the right payment information and other relevant business data. See API Doc for details on the returned data schema and URL. If a customer is created in Paigo dashboard manually, the portal URL will be copied to the clipboard automatically.
Paigo uses Stripe Standard Connect to orchestrate the payment between SaaS business and SaaS customers. The payment will be issues as a Direct Charge on the SaaS customer's account. Below steps describe how Direct Charge works. See Stripe Document for more information about Direct Charge.
- Paigo uses Stripe API to create a charge on SaaS customers Stripe account so the payment appears as a charge on the SaaS business Stripe account directly (not in Paigo's account balance).
- SaaS business' account balance increases with every charge.
- SaaS business' account balance will be debited for the cost of Stripe fees, refunds, and chargebacks.
Paigo will issue a Direct Charge when an automatic or manual invoice is reviewed and approved. See Stripe Doc for more information on the potential reasons for payment issuing. When there is correct payment information collected from customer Stripe account, the payment will automatically be used.
Paigo runs async process to monitor the payment transactions. If the payment is successful, Paigo will automatically update the invoice as paid.
Paigo supports multiple currencies for payment settlement using Stripe. Paigo processes currencies based on SaaS customer's preference as defined in Customer Preferred Currency. The balance received in SaaS business Stripe account is by default automatically converted to the settlement currency of the SaaS business account, such as US Dollar for US businesses. To view your payout setup in Stripe, go to payouts settings in Stripe Dashboard here. SaaS business can opt to enable alternative currency payouts or opt out of automatic currency conversion. See Stripe Docs for more details.
In one or multiple of following scenarios, issued payment Direct Charge may fail.
- Incorrect payment information on customer Stripe account
- Incorrect customer Stripe account ID set in Paigo
- Credit card declined the transaction
Paigo runs async process to monitor the payment transactions. Errors or disruptions to payment processing will appear in your system inbox within 12 hours of the payment processes. Paigo will provide detailed failure information to SaaS business for further action on retrying or other processing methods.
Disabling Stripe Connect will remove Stripe account record from Paigo so that Paigo won't be able to process payment for your customers. Additional actions may need to be performed to deauthorize your Stripe Account from Stripe Connect. Contact [email protected] for support.
Navigate to Settings > App > Stripe Connect in Paigo dashboard. Click Disable button. Finally click the OK button to confirm disabling Stripe Integration. Once disabled, the Stripe Connect Reference ID will be cleared in the text field of Stripe Connect integration.