***Please note, PayPal signup is currently being tested with a small number of customers by invitation. There will be a full customer-wide announcement when the option to sign up is available to everyone in the coming months. We're working hard to make this happen and can't wait to let you know when it's ready.***

The first step toward processing credit card payments with Invoice Simple is signing up for a PayPal Business account. We've put together a detailed step-by-step guide on how this works to help ensure everything goes smoothly for you.

While the option to process payments in Invoice Simple is not ready just yet, signing up for your PayPal business account today will ensure everything is ready to go for you as soon as payment processing is ready.

If at any point you get stuck or have questions during the sign up process, you can call PayPal directly at 1-844-353-0785 (when prompted, press 2) and they will be happy to help you.

We've broken the signup process out into 6 easy steps that should take you no more than 15 minutes in total to complete. Continue reading to see each step explained in detail or simply skip ahead to the step you would like to learn more about.

Step 1: Get Started

Step 2: Sign up for a Business Account

Step 3: Tell us about your business

Step 4: Personal Information

Step 5: Confirm your account

Step 6: Connect your bank

Step 1: Get Started

First look for the Invoice Simple Payments banner in the Invoices section of the app and tap Get Started.

On the following screen, simply agree to the terms and conditions, then tap Continue.

On the following page you'll be presented with two options:

  1. If you already have a PayPal Business account, click the Connect Your PayPal Account to Invoice Simple button and follow the steps on the screen. Note that this does not apply to personal PayPal accounts.
  2. If you don't have a PayPal Business account, click the Sign Up for a PayPal Business Account button and continue with the process outlined here.

If you choose option 2 and sign up for a new PayPal Business account, you'll be taken to the start of the signup process where you'll be asked to enter an email address to use as the login for your PayPal Business account. Note that if you already have a personal PayPal account (something you might use for shopping online, for example), you can't use the same email address as you use for that account.

Remember that the email address you sign up with here is what you'll use to sign into your account any time you want to check on the status of a payment, update your banking information, see your list of your transactions and more. We suggest using the same email address you use for your Invoice Simple account, but that's up to you.

Step 2: Sign up for a Business Account

Next, you'll be asked for your business contact information. The information you enter here should be the same as what you would put on a tax return.

For the business name field, if you don't have an official business name, just put something down that best represents what you do.

Step 3: Tell us about your business

On the next screen, you'll be asked for some information about your business, starting with the business type. The options here are:

You are a Corporation if you have incorporated your business with the IRS.

You are a Partnership if you have a registered partnership agreement.

In all other cases, you would be considered an Individual/Sole Proprietorship.

If you're not sure, you can call 1-844-353-0785 and a PayPal representative will point you in the right direction.

Next up on this page is the service you provide, such as carpentry, electrical, HVAC, etc. As you type, examples will appear for you to choose from, as shown here:

In some cases, what you enter might not be recognized, like here where I've entered HVAC:

All I had to do here was start typing out the words for HVAC and a suitable option became available:

Next up is a drop-down menu for indicating your monthly sales. The ranges here are fairly broad, so no need to break out the calculator or call up the accountant to get an exact number.

IMPORTANT TO KEEP IN MIND:

  • Monthly sales mean the total amount of money your business takes in, as opposed to the profit you make or the salary you pay yourself.
  • Make sure to give yourself some room to grow here. So if, for example, your monthly sales average out to around $40,000, choose the next range up of $50,000 - $99,999.
  • It's better to choose a little higher than a little lower so you don't bump into a processing limit that could hold up your funds later on down the line.

If you have a business website, you can enter the URL on this page as well. If you don't have a website that's fine, you can just select the No option.

If you chose either Corporation or Partnership as your business type, you'll also be asked to provide your EIN (Employer ID Number), which would have been assigned to you by the IRS.

If you chose Individual/Sole Proprietorship, this field won't be on your screen.

Step 4: Personal Information

Here is where you'll add a small amount of your personal information, used to verify your identity and protect you from fraud. PayPal is also required to collect this information to remain in compliance with government regulations.

Note that for your SSN, they only need the last 4 digits. And for the home address, just make sure to include a valid street name and the unit number -- this has to be a home address, so PO Box's are not applicable here.

Step 5: Confirm your account

Once you hit submit, you'll be taken to a landing page with instructions to check your inbox for a confirmation email from PayPal.

Open the email, enter your password and click the confirmation link to get to your new PayPal business account dashboard.

Step 6: Connect your bank

From your PayPal dashboard, you'll just need to enter the details for the bank account where you want your payments to be sent.

For detailed instructions on how to connect your bank, check out PayPal's guide here.

And that's it! Now you're ready to start collecting payments just as soon as the feature is ready to roll on our end.

Be sure to complete all of the above steps to ensure when the time comes and customers start paying you through PayPal that you will get your money on time, as expected. If PayPal needs any more information from you to complete your account, they will reach out to you by email. Be sure to follow through on their request to ensure your payments flow smoothly.

And remember, if you have any questions or need help at any stage of the signup process, our friends at PayPal are here for you at 1-844-353-0785. For questions about Invoice Simple, you can reach us on live chat in the Help section of the app, or shoot us an email at support@invoicesimple.com.

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