How do I manage my online payments settings?

The Online Payments settings allows you to integrate and manage your online payment processors, also known as payment gateways. Online Payments settings also lets you review all your transactions processed from online payments, including any processed with Advanced Payments.
 
 

Access Online Payments Settings

Access your Online Payments settings with these steps:
  1. Go directly to Online Payments here, or select the Settings section
  2. Under Connections and Integrations, select Online Payments
 

Online Payments

Online Payments gives you an overview of all available online payment processors. From here you can activate or deactivate most online payment options, or manage your existing online payment settings.
 

Stripe

Stripe is available internationally and once set up, can be managed with the below:
  • Email - The email associated with your Stripe account
  • Manage Account - Select this link to be taken to your Stripe dashboard
  • Reconnect Account - Select this link to refresh your Stripe account after making any changes in your Stripe dashboard
  • Disable - Select this link to disconnect your Stripe account in FreshBooks, this will remove Stripe as a payment option on your Invoices and Checkout Links
 

PayPal

PayPal is available internationally and once set up, can be managed with the below:
  • Email - The email associated with your PayPal Business account
  • Manage Account - Select this link to be taken to your PayPal account
  • Disable - Select this link to disconnect your PayPal account in FreshBooks, this will remove PayPal as a payment option on your Invoices and Checkout Links
 

Barclaycard

Barclaycard is available in the United Kingdom, once set up, can be managed by contacting Barclaycard directly.
 

WePay

WePay is available for accounts based in Canada and the United States. Once set up, you can manage and update your WePay account with the below:
  • Email - The email associated with your WePay account. To update it, use these steps:

      1. Log into your WePay account here
      2. Select Settings
        Settings section selected in WePay account.
      3. Under the Security section, select the update your email or password link
        Update email or password link in WePay settings.
      4. Next to Email, select Edit
      5. Enter the new email
      6. Select Update to save. A verification email will be sent to the new address to complete the change, this must be done within the first 30 minutes before the link expires.
  • Edit Payout Schedule - Shows how often payouts are being sent to your bank account, select the Edit Payout Schedule link to change the frequency in your WePay account
  • Manage My WePay Account - Select the Manage My WePay Account link to be taken to your WePay dashboard
  • Account Ending - Displays the last 4 digits of your connected bank account, select the Update My Bank link to change the account as needed. To update your bank account, use these steps:

      1. Log into your WePay account here
      2. Select Settings
        Settings section selected in WePay account.
      3. Under the Settlement Options section, select the Change bank account link
        Change bank account link in WePay settings.
      4. Update with your new bank details and select Link Bank to finish.
 
To close your WePay account, use WePay’s steps here. This will remove WePay as a payment option on your Invoices and Checkout Links.
 

Transactions

To access your list of transactions, select the Transactions sub-tab:
Transaction sub-tab selected at top.
 

WePay Payments in Transit

For WePay only, this shows any payments that are being paid out to your bank account using information from your WePay dashboard:
FreshBooks Payments in transit widget showing payment details.
  • Total Payments in Transit - This shows the total of your payments that have been processed by WePay and is being sent to your bank account
  • Next Estimated Deposit - When the payments will be deposited into your bank account, which is determined by your payout schedule
  • Last Deposit - When your most recent payments were deposited into your bank account
 

All Transactions

All transactions processed by all payment processors are listed in one place with the following details:
List of transactions with details on each row.
  • Source - The Client and Invoice number the transaction was processed on
  • Transaction Date / ID - The date the online payment was submitted by the Client and its unique transaction ID
  • Type / Gateway - The type of credit card used (AMEX, Discover, MasterCard or Visa) and the payment gateway used (WePay, Stripe, PayPal or Barclaycard)
  • Fees Paid - The transaction fee paid on that particular transaction
  • Amount / Status - The total amount processed on the transaction as well as the status of the payment
    • Declined - The payment failed, review the decline reason to determine next steps or have the Client try again
    • Pending / Processing - The payment is in review or by the payment processor (review additional details for WePay payments here)
    • Refunded - The payment was refunded, it can take several business days for the Client to receive the payment
    • Succeeded - The payment completed review and is successfully paid, receiving this payment is dependent on the payout schedule
 
To adjust your list of transactions, select the Filters button. From there, you can change:
  • Start and End - Choose the start and end date for when the transactions were processed
  • Status - Choose a payment status
  • Payment Type - Choose between different online payment methods
  • Gateway - Choose a specific payment processor
  • Currency - Toggle between multiple currencies
  • Clear - Select this to restore the filters back to the default settings
 
If needed, select More Actions, then Export for Excel to save your list of transactions.
 

FAQs

Where is my money? Why haven’t I gotten my payment yet?
Each payment gateway processes payments differently depending on several different factors that you can learn more about at Stripe here or at WePay here.

Other common reasons include any of the below:
  • First Payment - If it’s your first payment made through the payment gateway, this may be manually reviewed to ensure all information about the transaction and all involved parties are verified first; the Invoice status will stay in Pending until this is complete

  • Processing Time - Depending on the payment gateway, transactions may only be processed on business days which excludes weekends and holidays, or before a specific cut-off time in the payment gateway’s timezone

  • Incorrect Bank Information - Ensure your bank account is connected, and information is accurate (correct number of digits and/or transit and routing numbers)

  • Transaction Reserve / Settlement Limit - Reserves or holds on funds may be required to help protect your business against chargebacks and refunds, these reserves vary from time to time based on the transactions processed. Any payments processed over the threshold of your reserve limit can be held and paid out several days later. Reserve limits can be raised by reaching out to the payment gateway directly

  • Withdrawal / Payout Frequency - Some payment gateways allow you to change the frequency of your payouts; ensure your payout frequency is updated if it’s not frequent enough
 
Why are my Clients finding double or pending charges on their statements? 
Double or pending charges, also known as pre-authorization holds on a bank account or credit card do not necessarily mean there are multiple charges. This is a bank industry practice of authorizing electronic transactions and holding the balance as unavailable until the payment has been cleared/settled, or until the hold has fallen off and the balance becomes available again. This not an instantaneous process, and each bank varies in their authorization hold policy which can last as long as 30 days.