Billing
Under the Billing section, you have the option to modify your currency and tax rate based on any location. Below that, you will see the Bank Account area, which will display your bank name, routing number, and the last 4 digits of your account number. This is the same area where this information is edited if your bank account needs to be changed. You will also see the Charge Review Threshold and Credit Card Hold wherein you can input the set amount.
When you input your account information, you have the option to verify as a company or verify as an individual. Each option will redirect you to a Stripe page where you will enter in all your banking information. Once completed, your business or individual name, address, and confirmation of a tax ID will appear here.
Example of the Settings - Billing page
The Billing Section contains 6 parts:
- Details - This is where you have the option to modify your currency and tax rate based on any location.
- Bank Account - An area that will display your bank name, routing number, and the last 4 digits of your account number. This is the same area where this information is edited if your bank account needs to be changed.
- Charge Review Threshold - This is an amount set that requires admin approval to avoid overcharging your Users on a rental.
- Credit Card Hold - The credit card hold amount that users on this system will be applied in order to start a rental. This can also be set and be overridden by Membership and Rates.
- Account Information - When you input your account information, you have the option to verify as a company or verify as an individual. Each option will redirect you to a Stripe page where you will enter all your banking information. Once completed, your business or individual name, address, and confirmation of a tax ID will appear here. Keep in mind the bank account must support funds with deposits and withdrawals.
- Billing Descriptor - Here you can see the current stripe billing descriptor of the system. You can change it and set a custom descriptor that will appear on the user's credit card statement when they are charged.
Don't forget to click "Save Changes" after you are finished and the red warning banner will disappear on top once everything is completed.
Last modified 2mo ago