In this chapter of our quick guide, you will create your store's first payment method, which your customers will be able to use to pay for their orders. We will also introduce the most common payment services used with MyCashflow. 

In MyCashflow, you can offer your customers a wide variety of payment methods. With the help of external services, you can equip your store with online banking buttons or credit card payment options. In addition, built-in payment services allow you to enable payments by invoice or in advance by wire transfer.

Most online stores use a variety of alternative payment methods, from which customers can choose the one that is most suitable for them. The main payment method may be e.g. online banking buttons with the additional options of paying by invoice and in advance.

By default, there are two payment methods in each MyCashflow store: Invoice and Refund, the latter used only to process returns.

Creating payment methods

Here you can learn how to enable your customers to pay in advance in your online store.

  1. Log in to your online store's admin dashboard at https://STORE-NAME.mycashflow.fi/flow, if you are not logged in yet.

    To log in, use the same email address and password that you used when creating your online store.

  2. In the admin panel's top menu, go to Settings > Payment methods.
  3. In the left-hand pane, click Add payment method.
  4. Select Anticipated payment as a service provider.
  5. Click Continue.

    The payment method form opens.

  6. Enter the name of the payment method.

    The customers will see the name at checkout, so make sure it is clear (e.g. bank transfer in advance).

  7. In the field Payment instructions, write instructions that will help your customers to pay for their orders.

    For wire transfers, you could add here e.g your company bank information and other information connected to paying by wire transfers.

  8. In the section Shipping methods, make sure all shipping methods are selected.

    In this example, we select all shipping methods, so that the payment method will be available at checkout.

    However, payment methods can be made available only with certain shipping methods. In this way you can e.g. allow cash payment only when the order is picked up at a physical store.

  9. Below the name field, select the only available option in the section Enabled in version.

    Just like products and product categories, payment methods may be completely hidden from customers or visible only in selected versions.

    Versions are not further discussed in this section but they are presented in more detail in our user guide.

  10. Save the form.
  11. Set the method as visible by using the Show in selected store versions toggle at the top of the method's details.

You have just created your store’s first payment method, which your customers will be able to use. When a customer places an order in your store and selects a payment method, they will be automatically sent an order confirmation by email, along with the payment instructions you wrote for the selected payment method.

Payment methods will be further discussed in chapter 7. Testing your online store.

Payment services

If you want to use online banking buttons, credit card payments or some other modern payment option in your store, you need to set up an external payment service.

MyCashflow has the easy-to-use Klarna Checkout built in. You can easily sign up for it through the Settings > Payment methods page in the admin panel. By signing up to Klarna Checkout, you can enable online banking buttons and credit card payments as well as Klarna's own installment plan and billing options in your store.

In MyCashflow stores that use paid plans, Klarna is enabled by default. However, you don't have to use Klarna in your store, you can also disable it and replace it with another service. You can also supplement Klarna with other alternative services.

Other common payment options are the Finnish Checkout and Paytrail services, as well as payments suitable for international trade, such as PayPal and MakeCommerce.

See the user guide for other payment service supported by MyCashflow ›