Did You Know? You Can Collect Digital Payments and Pass The Fees On to Your Clients

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Original article posted at Design Manager by Lindsay Paoli.

As we have discussed so much in recent months on the Design Manager blog, every facet of the world is becoming increasingly digital, including interior design. Whether it’s a matter of installing infrastructure to support a work from home culture, developing an e-commerce site to accommodate clients unable to visit your brick and mortar, or shifting your business model to include remote design (e-design), investing in enhanced digital capabilities is vital to your future success as an interior designer and/or small business owner.

Accepting online payments from clients is a fundamental building block to making your business digital-enabled. Doing so enables near-instant payments and makes bookkeeping easier and the client experience smoother. It also gives your business more flexibility to support a dispersed staff and to pivot into new revenue streams, with less personnel and time devoted to organizing accounts receivable, processing checks, and manually entering data for bookkeeping and accounting purposes.

While Design Manager has been facilitating online payments for 10 years, it recently upgraded its capabilities by partnering with Stripe, the strongest payment processor with the best integration tools and customer service. DM Online Payments, integrated with Stripe, is a feature in Pro Cloud that allows your clients to pay you seamlessly through an easy to use interface.

Using DM Online Payments, you can:

  • Send payment links via email

  • Provide clients with a secure interface to choose their method of payment

  • Generate email notifications to the designer and bookkeeper once payment is received

  • Automatically process all back-end accounting and record that payment into the correct accounts

  • Pass on the processing fees to be paid by your clients

Since we have already discussed most of the above topics in previous blog posts, we will dive into how to pass through the processing fees to your clients.

 
ID Bookkeeper