In this article, you’ll learn how to set up your payment settings by doing the following:

1. Setting your currency preferences.

2. Connecting to one or more payment processors.

Once your currency and payment processors are set up right for you, you can start accepting payments online charging credit cards, and recording payment transactions offline.

Your default currency

The default currency you set will be used for your services, invoices, estimates, and online payments.
Here’s how you set your default currency:
Step 1: Go to Settings > Payments on your main menu, and then go to the Payment Processing tab.

Step 2: Under Select your currency, select your desired currency from the Default currency dropdown.

Step 3: Click Save to save your preference.

Accepting multiple currencies

You may want to receive payments in other currencies besides the default currency you set, or to offer services in different currencies. For example, if your business works with clients from multiple countries.

Here’s how you enable multiple currencies in your account:

Step 1: Go to the Select your currency section described above.

Step 2: Under the Default currency setting, check the box next to My business may accept payments in other currencies.

Step 3: Click Save to save your changes.

Setting Up Your Taxes

You can add taxes to your services, products, and packages on a few levels:

Adding business-level taxes

• First, go to your account's Taxes tab under your Payments Settings Page.
• Choose the way you wish the taxes to be displayed on your clients' invoices, estimates, receipts, and your client portal:
  
  • Prices exclude tax (default for US-based businesses):
    The initial price will be displayed, excluding tax. Tax will be added only at checkout.
    
  • Prices include tax (default for Non-US-based business):
    The initial price will be displayed, including taxes.
    
• Click on 'Add Tax.'
• Enter a name for the new tax you added.
• Set the tax rate percentage.
• Choose which items this tax will be added to by default (services, products, packages, or all items).
• Click save.

Adding custom taxes for catalog items

When creating/editing a service, product, or package, you can define default taxes per a specific item. This option is good if you have a particular item whose regulation requires different taxes from other products you sell.

Editing Taxes on the point of sale

You can edit taxes ad hoc when adding a product or a package, scheduling a service, or creating an invoice.

• Remove taxes
• Add existing taxes
• Create a new tax

These taxes will apply only for the specific items and the current checkout process and would not be saved for future checkouts.

Connecting your payment processor

In order to start accepting payments through your account, you need to connect to at least one payment processor.

Here’s how you connect your account to one or several processors:

Step 1: Go to the Settings > Payments in your main menu.

Step 2: Scroll down to Choose your preferred payment methods, click Connect under your desired payment processor.

Step 3: If you connect to more than one credit card processor, you need to make one of them active by clicking on the appropriate radio button.

The image below displays an account that is connected to Payments by vcita, Square, Stripe & PayPal. Square is selected as the active processor for credit card payments in this image:

Step 4: Click Save on top to save your settings.