Optimize Your Printify Payment Settings

Table of Contents

1. Introduction
2. Understanding Printify Payment Settings
3. Payment Methods
   • Balance
   • Credit or Debit Card
4. Billing Currency
5. Using Printify Balance
6. Saving a Credit or Debit Card
7. Printify Premium Membership
8. Using Coupon Codes
9. Transactions and Invoices
10. Summary Invoices vs Individual Order Invoices
11. Selling Currency vs Billing Currency

Understanding Printify Payment Settings

In this article, we will walk you through the payment settings for your Printify account. It's important to familiarize yourself with these settings as they play a crucial role in the order fulfillment process. We will cover topics such as payment methods, billing currency, using Printify balance, and more. So let's dive in and explore the various aspects of managing payments on Printify.

Payment Methods

When it comes to paying for the fulfillment of your orders, Printify offers two primary payment methods: balance and credit or debit card.

Balance

If you are being billed in US Dollars, you have the option to use your Printify balance to pay for your orders. You can add funds to your balance using PayPal. Simply click on the "Top Up" option, enter the desired amount, and complete the transaction through PayPal. The funds in your Printify balance will be used to cover the order fulfillment costs until the balance reaches zero.

Pros:

• Convenient way to manage order payments within Printify.
• Ensures smooth order fulfillment process as long as the balance is maintained.

Cons:

• Limited to being billed in US Dollars.
• Requires loading money into the Printify balance manually.

Credit or Debit Card

Alternatively, you can save a credit or debit card in your Printify account. This card will serve as your default payment method if your Printify balance is at zero. When you save a card, Printify will automatically charge it for order fulfillment costs once your balance is depleted. This provides a seamless payment process without the need for manual balance top-ups.

Pros:

• Provides a fallback payment option in case the balance runs out.
• Offers flexibility in payment methods.

Cons:

• Requires saving credit or debit card details which may raise security concerns.

Billing Currency

By default, your billing currency on Printify is set to US Dollars. However, you have the option to change it to a different currency if your bank account operates in another currency. It's important to consider the currency in which you are being billed to avoid any potential foreign transaction fees imposed by your bank.

Pros:

• Ensures alignment between billing currency and your bank account's currency.
• Helps avoid foreign transaction fees.

Cons:

• Changing billing currency limits the use of Printify balance and coupon codes.
• Requires careful consideration of currency conversion rates and potential fees.

Using Printify Balance

The Printify balance is a useful feature that allows you to store funds within your Printify account for the purpose of paying for order fulfillment. To use your balance, simply ensure that it has sufficient funds, and Printify will automatically deduct the required amount for each order placed.

Pros:

• Offers a streamlined payment process within Printify.
• Easy to manage funds and track expenses.

Cons:

• Requires manual loading of funds into the Printify balance.
• Limited by the availability of funds in the balance.

Saving a Credit or Debit Card

If you prefer not to use the Printify balance or want a backup payment method, you can save a credit or debit card in your Printify account. By doing so, you ensure a seamless payment process even if your balance runs out.

Pros:

• Enables automatic payment for order fulfillment.
• Provides a fallback option in case the Printify balance is depleted.

Cons:

• Requires saving credit or debit card details, raising security concerns.

Printify Premium Membership

Printify offers a premium subscription that unlocks additional features and benefits. The payment settings page displays the status of your Printify Premium membership. If you have a premium subscription, it is essential to ensure that your payment method is up to date to avoid any disruptions in service.

Pros:

• Access to exclusive features and benefits.
• Enhanced order management capabilities.

Cons:

• Additional cost incurred for the premium subscription.

Using Coupon Codes

If you have a coupon code, you can enter it in the designated coupon code field on the payment settings page. Coupon codes may provide discounts or promotional offers, such as a free trial of Printify Premium. However, it's important to note that coupon codes may not be applicable if you change your billing currency from US Dollars.

Transactions and Invoices

Printify maintains a record of your transactions, allowing you to monitor your order totals and payments. The transactions page displays a detailed list of individual transactions, including order payments and Printify Premium subscription fees. You can review these transactions for accurate financial tracking.

Printify also provides the option to receive invoices for your orders. You can choose between receiving a monthly summary invoice or individual order invoices. Monthly summaries offer a consolidated view of your order costs, making it easier for financial management and tax purposes.

Pros:

• Detailed overview of transactions and order costs.
• Streamlined invoice system for financial tracking.

Cons:

• Limited customization options for invoices.
• Individual order invoices may not be practical for most users.

Selling Currency vs Billing Currency

It's important to note that the currency in which you sell your products on your sales channels (e.g., Etsy, eBay, Shopify) is determined by the sales channel itself. Printify simply publishes the product prices based on the currency you specify. The billing currency, on the other hand, is the currency in which Printify charges you for order fulfillment costs.

Pros:

• Flexibility in selling products in various currencies.
• Printify adapts to the sales channel's currency settings.

Cons:

• Requires alignment between sales channel currency and product prices.

By understanding and correctly configuring your Printify payment settings, you can ensure a smooth and efficient payment process for your print-on-demand business. So, take the time to review and adjust these settings according to your preferences and needs to optimize your order fulfillment experience. If you have any additional questions or need further assistance, feel free to reach out to the Printify support team.

Highlights:

• Printify offers two primary payment methods: balance and credit or debit card.
• Billing currency can be changed but may affect the use of Printify balance and coupon codes.
• Printify balance allows for easy management of funds for order fulfillment.
• Saving a credit or debit card serves as a backup payment method when the balance is depleted.
• Printify Premium membership provides access to exclusive features and benefits.
• Coupon codes can be used to avail discounts or promotional offers.
• Transactions and invoices allow for proper financial tracking.
• Selling currency is determined by the sales channels, while billing currency is determined by Printify.

FAQ:

Q: Can I use different payment methods for different stores connected to Printify? A: As of 2023, Printify does not support the use of different payment methods for different stores. You would need separate Printify accounts to use different payment methods.

Q: Can I change my billing currency if I'm being billed in US Dollars? A: Yes, you can change your billing currency, but it will have certain limitations. You won't be able to use the Printify balance or coupon codes if you switch to a different currency.

Q: Should I opt for monthly summary invoices or individual order invoices? A: Monthly summary invoices are recommended as they provide a consolidated view of your order costs, making financial management and tax filing easier. Individual order invoices may not be practical for most users.

Q: How can I track my transactions and order payments on Printify? A: Printify maintains a record of your transactions on the payments settings page. You can review these transactions to monitor your order totals and payments.

Q: How does the currency conversion work when selling products on different sales channels? A: The currency used for selling products on your sales channels is determined by the sales channel itself. Printify simply publishes the product prices based on the currency specified, ensuring alignment with the sales channel's currency settings.