Payments

Api Store partnered with Stripe to provide you with the best payment experience. The payment process is simple and secure. We accept all major credit cards, debit cards, and bank accounts.

The billing cycle for payments operates on a monthly basis. Invoices and payments are produced at the start of each month for the preceding month.

The initial Api Store fee is 20%. This fee can be lowered based on type and volume of your API requests. Contact us to discuss a custom package - available for businesses with large payments volume or unique business models.

Important
It's recommended to regularly review and update the billing information to prevent any discrepancies or errors in the invoices and payments.

Thresholds

There are some thresholds that the billing system takes into account:

1. Minimum Payment Threshold: This is the minimum amount that a customer must reach before a payment is required. If a customer’s balance is below this threshold, no payment is initiated and the amount is transferred to the next Billing Cycle.

2. Overdue Payment Threshold: This is the amount that triggers an overdue notice to the customer. If a customer’s balance exceeds this threshold, they will receive a notification to make a payment.

3. Credit Limit Threshold: This is the maximum amount that a customer can owe. If a customer’s balance reaches this threshold, they will not be able to make further purchases until they reduce their balance.
   
   

Invoicing

Invoicing is an important part of our payment process. Here’s what you need to know:

- Invoice Generation : We generate invoices at the start of each month for the previous month. These invoices will include a detailed list of all your charges.

- Invoice Delivery: We deliver invoices electronically in the app. Please ensure to check the Invoices menu regularly.

- Invoice payment: We initiate the payment shortly after the invoice is created. If the invoice does not meet the minimum threshold, we mark its status as Threshold Not Met and transfer the amount to next Billing Cycle.

- Disputing Charges: If you believe there’s an error on your invoice, please contact our customer service immediately.

Important
Remember, it's important to regularly review and update your billing information to prevent any discrepancies or errors in your invoices and payments.

Stripe Dashboard for Service Providers

Being a Stripe partner - we provide you with a dasboard where you can monitor all your transactions in real time. This includes successful payments, failed transactions, refunds issued, and disputes. You can also generate detailed reports for accounting purposes and analyze your revenue trends. This dashboard is designed to be user-friendly and accessible, making it easy for you to manage your business’s finances.