Collect Payment

With Collect Payment, 365 business Banking collects invoice amounts via PayPal, Stripe or Adyen, either when posting, individually, in batches or in the cash receipt journal.

Business Value

If a customer has stored a payment method at a payment service provider and allowed you to collect, Business Central collects the amount itself and applies the invoice. You do not have to wait for the customer's payment. Every attempt is logged and traceable.

Feature Description

• On the customer bank account, you choose the Payment Service Type PayPal, Stripe or Adyen and use Request Payment Authorization to send an email through which the customer stores their payment method.
• If the payment method of the invoice points to the bank account of a payment service provider and the customer has a customer bank account of this provider, 365 business Banking collects due invoices when posting.
• You collect a posted invoice individually with Collect Payment, before the due date after a question. Business Central then reports the result.
• You collect several invoices with the Collect Payments report. The report can also run from the job queue.
• In the Cash Receipt Journal, you suggest due invoices with Suggest Direct Debits and collect them with Carry Out Direct Debit, like a SEPA direct debit but with the payment authorization instead of a mandate. After checking, you release pending lines with Mark as Not Charged.
• The same rule for the customer bank account applies on every way: the preferred bank account if it belongs to the provider, otherwise the customer bank account of the provider. The full remaining amount is collected, without payment discount.
• The Payment Transaction Log records every collection attempt of every way with status and error message. As a result, no invoice is collected twice.

Details: Collect payments via payment service providers