20 Aug 2020 // 3 minute read
Clients can now pay their invoices through Band Pencil, using our new feature 'Band Pencil Pay'. To facilitate payments we have partnered with Stripe to make payments, quick, simple and most of all, secure.
To make sure you can receive online payment for gigs first you need to link your account with Stripe and be on our Premium Agency plan. To do this navigate to your settings page and click 'Connect with Stripe'. This will then redirect you to Stripe's website for their online set up. They will ask you some details such as your company/ organisation name, bank details and address. Once complete you will be sent back to Band Pencil and your account will be linked.
It is to note we may require some photographic ID from the person setting up the account.
Once you have linked your account you will need to turn on Band Pencil Pay. To do this navigate to the Event Settings Page and toggle Band Pencil Pay to ON.
On the bottom of the client portal a green button should appear which says 'Pay Now'. This button will not show if Band Pencil Pay is toggled to OFF, or the event invoice has been set to 'Paid'.
When the client clicks 'Pay Now' a popup will appear which asks the client to select which invoice charges they would like to pay for. It will not allow them to select charges which have been marked as paid or locked. Once the client click 'Proceed to Payment' they will be redirected to Stripe's secure Checkout to complete the payment.
Once payment has been completed, the client will be redirected to their portal and the selected invoice charges will show as paid. The client and the user will receive an email from us to confirm a payment has been made. This email will include the event name, date, ID, customer reference number and payment total.
The pricing is simple: Stripe takes 1.4% + 20p for European cards and 2.9% + 20p for non-European cards (this includes American Express). Band Pencil takes a 1% application fee for using Band Pencil Pay.
If your client paid with a European card and your event cost £2,000 you would receive £1,951.80 (Stripe Fee: £28.20 Band Pencil Fee: £20).
If your client paid with a non-European card and your event cost £2,000 you would receive £1,921.80 (Stripe Fee: £58.20 Band Pencil Fee: £20).
You are responsible for Stripe fees, refunds, and chargebacks. So, if you need to refund a customer you can do this on your dashboard on Stripe. You can also send a more detailed receipt to the client using Stripe's Dashboard. If you need help setting this up you can always contact us.
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