To be able to use Gigapay’s self-billing feature, you must have registered as a sole trader or a company. The invoice will contain the invoicing information that you have registered.
When you choose Gigapay's self-billing option, Gigapay will issue a self-billing invoice with the invoicing details that you have added. The invoice generated will contain both your invoicing details and Gigapay's invoicing details as well as any VAT or reverse charge mentions (if applicable). The self-billing invoice can be used, similar to an invoice that you create, for your bookkeeping. Using this option you will not have to create an invoice and send to us. With this option Gigapay will transfer the amount immediately. Depending on your country, currency and bank, the payment will be available in your account in seconds to a couple of bank days.
1. Setup Your Account*
To be able to set up your account for invoicing Gigapay, you will first have to add your invoicing details, you can do so by following these steps:
Navigate to “Settings” and “Working Status”
Choose your status as either “Soletrader” or “Company”
Enter your invoicing details and “Save”
2. Review the payment
Locate the specific payment you wish to invoice for in “Home”. Once you have accessed the payment page, review and ensure that your “Company info” matches the entity issuing the invoice. Click on the “Now” payment option to proceed, there are two options to choose between.
3. Choose Payment Method
Choose your desired payment method from the options below:
Bank transfer
A regular bank transfer is done to your bank account via SWIFT, SEPA, or ACH depending on your location. Before accepting the payment, ensure your bank account details, including the clearing number and the account number, are entered correctly on the payment page. Confirm all details are accurate to avoid delays. Once you accept the payment, the net amount will be directly transferred to your account. Depending on your bank, the transfer may take anything from seconds to a few of banking days.
PayPal
Before accepting the payment, ensure your are using the correct PayPal email address and confirm all details are accurate to avoid delays. Once you accept the payment, will be processed to be sent to your PayPal account. The processing of this may take a couple of business days. Note! The amount available in you PayPal may be lower than the accepted amount due to charges made on PayPal’s end.
4. Provide Bank Information
Input and double-check your bank account details or PayPal details to which the money should be transferred.
5. Accept Payment
Once all details are reviewed, and you are in agreement, click on “Accept payment.” The payout will be processed and sent to your chosen payment method promptly.
After you have accepted the payment the payout process will be initiated. Normally the money will arrive in your account between anywhere from seconds to a couple of business days, depending on the chosen payment method, your bank, and your location.
Note! Once the payment has been accepted, it is not possible to change any details connected to the payment itself.
* This step only has to be completed the first time you sign up or if you need to update your details.