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FikaTrade can collect payment from your customers on-platform, so you don’t have to chase payment separately from invoicing.

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Supported payment methods

Two on-platform payment methods are currently live:
  • PayTo — a standing payment agreement a customer authorises in their own banking app. See PayTo payments.
  • Card — a saved card, added by your team on the customer’s behalf. See Card payments.
If a customer doesn’t use either method, you can still invoice them and mark the invoice as paid yourself once you’ve been paid outside FikaTrade — see Invoicing overview.

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How payment relates to invoicing

A payment is always collected against exactly one invoice — there’s no way to collect one payment across multiple invoices, and FikaTrade doesn’t support partial or overpayments. Once an order is approved and its invoice is finalized (status Sent), that invoice becomes ready for payment collection.

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Automatic or manual

Collection starts one of two ways:
  • Automatically, for customers with auto-accept enabled — collection is queued the moment their order is approved.
  • Manually, when a member of your team selects Collect Payment on a Sent invoice.
See How payments are collected for the full trigger and what happens if it fails.

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Before you can collect payments

Your business needs to be verified and enabled for payments by FikaTrade, and you need a settlement bank account on file, before any collection can succeed. See Set up payment collection.

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Where you see payment status

Go to Transactions in your supplier workspace to see every payment, its current status, and whether it’s been included in a payout to your bank account.

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After a successful payment

Once a payment is collected, the invoice’s status becomes Paid, and the payment is queued to be included in a future payout to your settlement bank account — see Payouts and settlement.

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The lifecycle