In this quick guide, learn exactly how to set up and accept partial payments with Stripe for your business.
Whether you're using Xero, QuickBooks, or Paidnice, this tutorial shows how Stripe's partial payment feature works seamlessly across all platforms.
This step-by-step tutorial shows you how to break up an invoice's total amount into separate payments with different due dates for your customers. Perfect for freelancers, agencies, and businesses looking to offer more flexible payment options.
Learn how to:
Create and customize invoice payment plans in Stripe.
Configure individual payment settings for partial payments.
Set minimum payment thresholds (like 50%).
Enable the "Pay Other Amount" option for your customers.
Integrate with Xero and QuickBooks invoices.
Track outstanding balances and payment status.
Initial Setup
Step 1: Connect Your Stripe Account
Navigate to Organization Settings in Paidnice.
Select Payment Providers.
Choose Stripe as your provider.
Connect your existing Stripe account or create new.
Important: You can use the same Stripe account already connected to Xero or QuickBooks. Paidnice creates separate payment rails without interfering with existing integrations.
Step 2: Configure Settlement Accounts
Proper account setup ensures clean bookkeeping:
Settlement Account: Where Stripe deposits land.
Use a dedicated clearing account (e.g., "Stripe Settlements").
Don't use your main bank account directly.
Match the account used in Xero/QuickBooks if applicable.
Fee Income Account: For processing fee tracking.
Create account like "Payment Processing Fees".
Enables separate fee reporting.
Useful for cost analysis.
Step 3: Enable Partial Payments
Check "Allow partial payments" box.
Set Minimum payment amount:
Percentage-based (e.g., 10%, 25%, 50%).
Fixed amount (e.g., $100 minimum).
Consider your average invoice size.
Configure Processing fees (optional):
Pass through Stripe fees to customers.
Set custom percentage or flat fee.
Select fee income account.
Need assistance setting up partial payments? Contact [email protected] for:
Stripe integration troubleshooting.
Minimum payment recommendations.
Fee structure optimization.
Accounting configuration support.
Remember: Partial payments remove barriers to cash flow while maintaining professional payment processes. The flexibility you offer today builds the customer relationships that sustain your business tomorrow.