How-To: Manage Payment Methods with Tekmatix's Stripe Integration

Overview

Managing payment methods is essential for businesses looking to provide flexible payment options to customers. With Tekmatix's Stripe integration, business users can enable or disable specific payment methods across different sales channels, ensuring a seamless checkout experience. 

This guide walks you through the steps to manage payment methods efficiently.

Expanding Payment Options for a Global Audience

Scenario: Tara owns an online coaching business selling digital courses to clients worldwide. She notices a high cart abandonment rate among her European customers. After reviewing payment settings in Tekmatix, she enables SEPA Direct Debit and iDEAL, two popular payment methods in Europe. Within weeks, her conversion rate for European clients improves by 15%, reducing checkout drop-offs significantly.

Why It Matters

Offering multiple payment options increases conversion rates and customer satisfaction. With support for a variety of payment methods—including credit cards, digital wallets, and region-specific services—businesses can cater to a global audience!

Supported Payment Methods

Tekmatix, through Stripe, dynamically displays the following payment methods when connected:

• Cards (Visa, MasterCard, American Express, etc.)

• Digital Wallets: Apple Pay (requires registered domains), Google Pay, Amazon Pay, Revolut Pay

• Direct Debit: ACH (US), BACS (UK), BECS (AU), SEPA (EU)

• Buy Now, Pay Later (BNPL): Affirm, Klarna, AfterPay, Zip (AU)

• Country-Specific Methods:

  • FPX (Malaysia)

  • GrabPay (Malaysia)

  • IDeal (Netherlands)

  • Bancontact (Belgium)

  • CashApp (US)

How to Enable or Disable Payment Methods

To manage payment methods, follow these steps:

Step 1: Access Your Stripe Dashboard

1. Log in to your Stripe Dashboard.

2. Navigate to Settings > Connect > Payment Methods.

3. Under "Your Account," locate the payment methods activated by LeadConnector.

4. Ensure you select LeadConnector configurations in the dropdown menu to avoid modifying settings for other platforms linked to your Stripe account.

Step 2: Choose the Right Configuration

LeadConnector uses different configurations for payment methods across various sales channels:

• Invoice: One-time invoices, Text2Pay links (Default: Cards, Apple Pay, Google Pay, ACH, BNPL options)

• InvoiceWithAutopayment: Recurring invoices with auto-pay enabled (Default: Cards, Apple Pay, Google Pay, ACH Direct Debit)

• Store: Online store payments (Default: Cards, Apple Pay, Google Pay, BNPL options)

• Default: Order forms, payment links, memberships, communities (Default: Cards, Apple Pay, Google Pay, Amazon Pay, Revolut Pay)

Step 3: Enable or Disable Specific Payment Methods

1. Select the configuration relevant to your business.

2. Locate the payment method you want to enable or disable.

3. Toggle the setting on or off as needed.

Note: Some payment methods may appear as "Blocked" if they are not yet enabled for all LeadConnector-connected accounts. Keep an eye on future updates for additional availability.

Managing Recurring Payments (Subscriptions)

For subscription-based payments, ensure the desired method is enabled in:

1. Stripe Settings > Payment Methods > Billing Payment Methods

2. The corresponding LeadConnector configuration (as outlined above).

Business Benefits of Expanded Payment Options

Business users can now offer additional payment methods across various sales channels, including order forms, invoices, payment links, online stores, and more. This feature is available exclusively for businesses using Stripe as their payment provider.

Expanding payment options helps boost conversions by providing flexibility to customers across different regions. Examples include:

• IDeal - Popular in the Netherlands

• Bancontact - Common in Belgium

• SEPA Direct Debit - Common in the European Union

All order and transaction details are recorded under the Payments menu, similar to credit card payments. Additionally, existing Order Submitted and Payment Received triggers will continue functioning as expected. Since this is a Stripe-initiated update, changes may take a few days to propagate across all accounts. Some users may see these updates immediately, while others may experience a short delay.

Conclusion

By managing Stripe payment methods within Tekmatix, businesses can offer customers the flexibility they need to complete purchases smoothly. Regularly reviewing and updating payment settings ensures an optimal checkout experience and higher conversion rates.

Optimize Your Payment Methods in Tekmatix Today!