Getting Paid
Set Up a Bank Account
The first step is to get a bank account sorted. This is really location dependent but
should be a fairly straightforward process. Especially if you choose a digital banking
solution.
Now you can pick pretty much anyone you like but if you want to get setup super
quick - banks like Revolut, Monzo & Starling are really really solid options. With most
of them you can get setup within 24hours to 7 days.
Also bear in mind that if you’re under the age of 18 - you should have no problems in
99% of cases. In that rare 1% - then you’ll need to figure out some sort of arrangement
with your parents, etc.
Setting Up Stripe
Once you have your bank account created, you just need to connect it to Stripe.
Stripe is by far the best merchant processor in the world. I’ve processed millions
through their system and it’s great.
They charge a 2.9% merchant fee and it takes 2-10 days to arrive in your bank
depending on where you are in the world. TRUST ME though, it’s worth it. The ability
to auto-bill your clients will literally half your stress level as an agency owner.
Registering on Stripe is quick and easy. Here’s a video tutorial straight from the Stripe
support team going over the whole process:
[Link]
If you need further instructions on it, you can visit this tutorial:
[Link]
n-account?locale=en-US
Once you set up Stripe, it’ll take a few days for you to get accepted. Stripe DOES allow
you to use the platform if you’re under 18 which is amazing. They might ask for your
parents to send in an email confirming they allow you to sign up.
Getting Paid
Also - You can sign up to Stripe if you’re just registered as a Sole Trader or a
registered business
Stripe Alternatives:
If Stripe isn’t yet supported in your country, here’s a few alternatives:
● Square - This merchant is supported in the same countries as Stripe but is a
decent alternative if you don’t want to use Stripe. That said, I still prefer Stripe.
● GoCardLess - This is a UK only company and once again, might be an option
for some of you outside of Stripe.
● PayPal - One of the biggest merchants on earth, but one with a lot of
problems usually. PayPal is a great option if you truly can’t use any of the other
merchants but it’s a last resort. They’re known for holding money, generally
having terrible customer service and high processing fees, especially if you’re
converting currencies on your transactions. That said - If you have no other
option then this is still the best option.
Connecting Stripe To Flozy
The next step is to connect Stripe to your Flozy account.
That way - when you send an invoice to a client using Flozy & they pay with their
card, it’ll automatically get paid into your Stripe account which then automatically
gets paid into your bank account in 2-7 days depending on where you are in the
world.
To do so, you first need to go to the “Invoices” section on Flozy.
Getting Paid
If it is your first time in this section, you’re going to see this blue bar at the top asking
to connect to your payment processor. So just click on “Connect”.
You’ll be redirected to the settings tab. Alternatively, if you don’t see this bar at the
top, just click on “settings” tab at the left menu.
There, you’ll have the option to connect your Stripe account. Click on “Get Paid With
Stripe” to configure the integration.
Getting Paid
On this next page, just enter the same email address you have used to create your
stripe account on the previous step. Hit continue.
Type your password and hit continue.
Getting Paid
You’ll probably be asked for a 2 factor authentication code. The code will be sent to
the phone number you have registered on Stripe. Just take a look at your messages
on your phone and type the code you received.
Then, select the account that you want to connect with Flozy (in case that you have
more than one).
Getting Paid
Your stripe account is now connected to Flozy and ready to send invoices and receive
payments!
Creating Your First Invoice
Now, let’s go back to the main invoices section and create your first invoice.
Getting Paid
Under “Type” you can select if you want to send this invoice once or set it up as a
retainer. Let’s say we want to do retainer. Simply select “retainers”.
Under “Currency”, select your desired currency.
Under “Client”, simply input your client’s company name and their email address.
Getting Paid
Now, under “Schedule”, we can set up the frequency you want your client to be
billed. Let’s say we’re billing a client monthly and we want to start doing so today,
with no end date.
I’m simply going to select “Monthly” as the interval, set the start date for today and
put the end date for a year from now.
On “Invoice description” you simply want to describe your service, add its price and
quantity. In our example, we’ll use “Media buying” and a $3.000 retainer. Quantity will
be set to 1, because we’re only providing then with one “unity” of this service.
You also have the option to add more services if needed.
Additionally, you can also add notes to the invoices as well as discounts and sales
taxes.
Now, let’s add a logo to our invoice. In the preview invoice section, click on “Add your
logo”.
Getting Paid
Then, simply select your logo from your computer.
Getting Paid
Finally, click on “Create Subscription”.
Your subscription is now created and your client will receive an invoice in their email
monthly. The first one will be sent at the start date you have set.
Getting Paid
You can always click on summary at the left menu to see if the invoice has been sent
or if it got paid already.
You can also click on the little eye icon to see what your invoice will look like from
your client’s end. Here’s a spoiler:
Getting Paid
