Question 1

How do automatic payments work?

Accepted Answer

| Automatic payments enable you to set up your recurring invoices to bill your customers automatically. A few simple clicks will ensure your repeat customers are notified and billed and you receive payments on time, every time.

To turn on automatic payments, take the following steps:

Navigate to Sales > Recurring Invoices and click Create Recurring Invoice.
Enter your invoice details, and choose the Schedule that you'd like your invoices to be generated on.
In the Get Paid section, you will be able to choose between Manual and Automatic Payments. Choose Automatic Payments.

When you select automatic payments for the first time, you will have the opportunity to enter your customer's credit card information. If you have previously saved your customer's credit card information, or if your customer has chosen to save their credit card, you can use the saved card.

If you do not have your customer's credit card information, you will need to start with manual payments. Once your customer views the invoice online, they'll have the option to enter their credit card information and authorize future charges. You will receive an email from Payyit when a customer saves a credit card so you can then switch their recurring invoice over to automatic payments.

|| Once you have received your first payment, you will need to complete the payments setup process. Not to worry - it's easy! Once you receive the email letting you know yo

Question 2

No-Credit-Check Working Capital: Access Up to $1,000,000 with Payyit

Accepted Answer

Introduction

Payyit empowers businesses with an all-in-one platform for creating invoices, accepting bank and credit card payments, and managing bookkeeping.

| Visit our website at https://payyit.com to learn more about Payyit.

Payyit also offers access to up to $1,000,000 in working capital, in partnership with one of our trusted banking partners. This financial solution is designed to help businesses manage cash flow efficiently, invest in growth, and navigate financial challenges effectively.

What is Working Capital?

Working capital is the funding available to finance your daily business operations. It is crucial for maintaining your company's liquidity, ensuring smooth operations, and handling short-term expenses.

Features of Payyit's Working Capital

Amount Available: Businesses can access up to $1,000,000 to support various expenses.
Purpose: Ideal for smoothing out cash flow variations, financing marketing campaigns, purchasing inventory, or expanding business operations.

Eligibility Requirements

To qualify for working capital through Payyit, you need to meet the following conditions:

Credit Card Sales: Must generate a minimum of $1,000 per month in credit card sales.
Business Bank Statements: Must provide four months of business bank statements showing deposits from credit card sales.

How to Apply

| To apply for working capital, please start your application online by visiting [this link](https://youlend.us/ap

Question 3

How do I add Payyit to Shopify?

Accepted Answer

Note — You must have a Payyit.Me Lynk set up via Peymynt.

Login to Shopify and following the instructions below.

Shopify>Settings>Manual Payments

Name — Pay with Credit/Debit Card

Additional details — After clicking “Complete order”, you will be given instructions to securely pay with a Credit/Debit card via Peymynt.

Payment instructions — LEAVE BLANK

Note — If you would like to ONLY accept Payments by Payyit, do not forget to disable/deactivate other payment options (i.e. Shopify Payments, PayPal Payments, and more)

—

Shopify>Settings>Checkout>Additional Scripts

Order Status Page —

To complete the purchase of your order by paying via Credit/Debit card, please CLICK HERE TO PAY the amount due for your order. Please do not forget to include your order number in the “What is this payment for?” section.

If you require any assistance with the purchase of your order, please do not hesitate to contact us for assistance.

Note — Your PeyMe Lynk needs to replace the text “INSERT PAYYIT.ME LYNK HERE” shown in the Order Status Page HTML script.

Question 4

What financing options does Payyit offer and what are their limits?

Accepted Answer

Understanding Limits and Benefits

For merchants using Payyit to accept payments, offering flexible financing options can significantly improve the shopping experience and potentially boost sales. Payyit integrates with various leading financing platforms, each with unique limits and terms designed to meet a wide range of customer needs. Here is a detailed overview of what each service provides and how it can benefit your business:

1. Affirm: Up to $30,000

Affirm allows customers to finance large purchases up to $30,000, making it ideal for merchants selling high-value items like electronics, furniture, or luxury goods. Offering Affirm can attract customers who prefer to spread out the cost of big-ticket items. Eligibility is determined through Experian.

Learn more about Affirm for merchants here.

2. Klarna: Up to $20,000

Klarna offers financing up to $20,000, suitable for businesses that sell products ranging from mid to high prices. Klarna's flexible payment options, such as pay now, pay later, and installment plans, can reduce cart abandonment and attract budget-conscious consumers. Eligibility assessments are done through Experian and Transunion.

Discover how Klarna can enhance your business here.

3. PayPal Credit: Up to $10,000

PayPal Credit provides a credit line of up to $10,000. As a widely recognized and trusted payment solution, offering PayPal Credit can increase

Question 5

How do I turn off bank payments?

Accepted Answer

| You can turn off or change the availability of bank payments for invoices at any time.

|| Payyit allows you to adjust your settings around bank payments and customize your invoices to your liking. You have three options: you can turn off bank payments for a single invoice, make bank payments a secondary payment option if you prefer credit card payments, or turn off payments globally.

Turning Off Bank Payments for a Single Invoice

To create an invoice for which you would like bank payments turned off, go to Sales > Invoices > Create an Invoice.
Once in the invoice creation process, you will see a box at the top of the page that says Online Payments ON. Click on this box to bring up your payment options.
Use the ON/OFF toggles to determine whether you would like your customer to have the option to pay by bank payment, credit card, both, or neither.

|| Using this method, payments are turned off for a single invoice only. Future invoices generated for this or other customers will have payments enabled if they are turned on.

Enabling Bank Payments as a Secondary Payment Option

If you'd like your customer to have the option to pay using bank payments, but would prefer that they pay by credit card, this is a good way to spotlight your preferred payment method.

In the left Navigation Menu, select Settings.
Choose Payments, under the Sales header.
On the Payments page, you will see a box called **Preferred Payment

Question 6

How to add a new business to your Payyit account?

Accepted Answer

If you have more than one business, Payyit allows you to maintain each business individually within one Payyit account. Here's how you add another business.

Click your business name in the top left corner of your screen. Click Manage your profile in the drop-down menu.
Click Businesses on the left.
Click Add a business.
Fill in the fields under Create a business:

Enter your company name
select a business type and organizational type
fill in your country and primary currency

Click Save business to complete the process.

|| Once you've added your new business, it will appear in the drop-down menu next to the Payyit icon in the top left of your screen, along with your other business.

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