Introduction

CashFlow is designed to make selling solar easier. When your business is approved for CashFlow, you can get started collecting payments right away. By default, you can accept any amount through your country’s bank payment option (e.g., direct debit, bank payment), and card transactions up to 6,000 in your local currency. OpenSolar automatically manages the card cap for you, so you don’t have to worry about it. In this article, we’ll walk you through how this card cap is applied, and share details about qualifying for larger card transactions.

How does the card cap work?

OpenSolar automatically manages the card cap on your behalf - so you don’t have to worry about turning off card options before sending out a large invoice. This cap applies to both credit cards and debit cards.

If you send out an invoice above your cap amount, we’ll automatically remove any card payment methods from the payment gateway. We’ll also make sure that your local bank payment option is available for that invoice, so your customer will always be able to make the payment. 

The card cap applies to individual invoices, rather than the total project size. You are able to accept multiple card payments on one project that add up to more than the card cap, but individual invoices cannot exceed the cap. 

Qualifying for Larger Card Payments

While the default card cap allows you to get started with card payments right away, you can also apply to increase your card cap. You will need to provide a set of materials and information that  demonstrate your business’s track record and help us to better understand your card usage. 

We will request the following documents:

• Most recent EOY financial statement
• Most recent 3 months of bank statements
• Most recent 3 months of processing statements, if available

We will also likely request estimates for the following:

• Annual sales volume 
• Maximum card transaction size expected
• Average card transaction size expected

Upon request, we will provide a secure, easy link to share this information. We will then assess your individual business’s level of risk. If we are able to increase your cap, we will notify you of a new customized card cap.

If you’d like to apply for larger card payments than the default cap, please submit a ticket to let us know. 

End - Have more questions? Submit a request

Additional Resources:

• CashFlow Payment Milestone Configuration
• Applying Payment CashFlow Milestone Configurations to Projects