What is PayPal Invoicing?
The online program is an accounting solution that’s web-based. You can customize and send invoices whether you’re using the standard PayPal site, PayPal Business mobile, or the API provided by the company.
Moreover, the process is streamlined to make payments easier for your clients.
Pros of PayPal Invoicing
Are you wondering how your business can benefit from this invoicing system? Here are a few features for you to evaluate.
Dynamic solution for SMBs
Small businesses will benefit from the software’s preloaded features. Once you complete the setup, the system does all the work for you.
You can track your billing history and record them for your financial journals. Furthermore, you can customize the billing apps with the API.
Responsive Mobile Platform
The invoicing software integrates with the PayPal Business app on iOS and Android.
It provides an effective way to send and manage your invoices straight from your mobile device, instead of logging into the website.
Alternatively, you can use the mobile browser to send invoices if you want to save space on your phone.
Time Saving Auto-invoicing and recurring payments
The software comes with a scheduling tool if you need invoices sent automatically.
There’s also the option to establish recurring payments for regular customers or subscriptions.
Simplicity
PayPal removes the difficulty of setting up the system by its easy user interface.
There are over ten templates for you to use, which you can customize with your business brand. Moreover, it provides different fields for you to select depending on your requirements.
Great reporting
The system provides an entire billing history for funds received and sent. While there are no graphical charts or dashboards, you can export data to PDF and Excel.
There is also a billing portal for an overview of your account.
Time Tracking
There is no specific function for tracking time while you work. This type of feature would have worked well with the mobile application or API.
However, you can bill by the hour or per project, depending on your needs.
Invoice-to-pay function
The simplicity of the invoicing software boils down to the invoice-to-pay technology. You insert the email details of your client, whereby the system will send the email with a payment link.
Your client can select to pay with PayPal funds or any other payment gateway linked to their account.
PayPal Invoicing features
- Saved customized templates
- Send reminders
- Scheduled and recurring invoices
- Payment history and reporting
- Partial payments
- Web-hosting API
- Mobile app and payments
- Accept payments from over 200 global markets
- Client management
- Customized billing apps through API
- Billing portal
- Hourly Billing
- Online invoicing
- Tax calculator
- Shipping calculator
- Exports to Excel and PDF
- Integrates with other accounting software
- Customizable fields
- Links to other PayPal merchant services
- Track unpaid bills
PayPal Invoicing Pricing
The accounting software is free to use. There is no payment plan for this invoicing service. However, there is a small transaction fee when you receive payment.
PayPal Invoicing Pricing Plans
There are no payment plans. The transaction fee is 2.9% + $0.30.
Technical details
Pricing model
- Free with a small fee per transaction
Target customers
- Small to medium businesses
- Digital freelancers
- eCommerce platforms
Product deployment
- Web-hosted
- SaaS
- API
- Android app
- iOS app
Languages supported
- English
- French
- Spanish
- Chinese
Devices supported
- Windows web
- Mac web
- Linux web
- Android
- iOS
Customer Service
If you’re looking for support, PayPal has an extensive knowledge base on its website for all its services, including PayPal Invoicing.
Furthermore, you can contact them on the phone or chat with one of the online agents.
Bottom line
PayPal Invoicing may not have all the bells and whistles like similar software, such as Freshbooks and Quickbooks.
However, you can integrate the invoicing system with both these accounting programs. It’s also an easy invoicing system for small businesses that primarily utilize PayPal merchant services.
