Published by Diana Kottmann
The wallee WooCommerce Plugin provides you a convenient way to create a compliant ISR invoice (orange inpayment slip), including the possibility to import the V11 / camt.054 / camt.053 files from your bank. These files contain the payments from your clients and all the necessary information to match them automatically with your open invoices. If you like, wallee also offers solutions for all subsequent processes like dunning or legal debt collection. The following blog post provides you a deep-dive into the usage of ISR payments with wallee and WooCommerce.
ESR (German version) means "Einzahlungsschein mit Referenznummer". In English it means payment slip with a reference number or in short: Orange payment slip. Payments with a reference number are processed automatically and therefore more quickly. ISR also makes invoicing and sales ledger accounting easier for you as a merchant due to multiple reasons:
Payments through ISR offer many advantages in the handling of invoices for merchants. However, there are also some challenges, which discourage merchants from providing ISR invoices to their clients:
wallee tries to take care of the challenges mentioned above. You as a merchant should be enabled to accept ISR invoice payments in your WooCommerce Shop easily. wallee takes care of the invoice creation process, invoice matching and all subsequent processes. Here is a quick overview of the wallee features followed by a detailed presentation of the different features:
Below you find an example of the WooCommerce Plugin in action:
First of all, there is the question where to get the wallee WooCommerce plugin. The free wallee WooCommerce plugin is offered via the WordPress market place or our github repository. If you run on WooCommerce 3.0 or later you can get the plugin now. The setup of the WooCommerce wallee plugin is pretty simple. All you need to do is to follow the wiki we’ve created for you. Here, we're just highlighting the most important points.
To be able to generate invoices and other documents, you just need to login to wallee. The PDF documents can be adjusted to every merchants needs and corporate identity. We provide a simple editor that lets you define the text colors, documents page margin etc. This allows you to create your invoice in your look and feel within minutes.
The predefined settings can be changed according to your needs. The preview mode gives you a live impression of the look and feel of your invoices, e-mails and other documents wallee is able to create for you.
You are able to create beautiful checkout flows and integrate them directly in the checkout of your shop. You've got the option to do that via the customizable payment pages through the resource editor or via iFrames. This is how the checkout with wallee may look like:
Once your customers start paying, you will be provided with camt or v11 files by your bank. For selected banks we do also offer a direct banking integration to automatically pull and process the reconciliation files. You do always have the option to manually download the file in the e-banking and upload in wallee. wallee supports the processing of .v11 and .camt files. As soon as you've uploaded them, the reconciliation process will be triggered. The order status will be synchronized directly with WooCommerce. The invoice status can be consulted in wallee.
wallee recognizes partially paid invoices and updates the PDF automatically to reflect the outstanding amount. Of course you are also able to define thresholds that will consider the invoices as paid even though not the full amount may be paid by the merchant.
In case your merchant uses the wrong amount or double pays the invoices: This will also be recognized. wallee offers you a screen that allows you to match unmatched entries manually.
wallee tries to provide a comprehensive solution for merchants. Therefore, we do also offer subsequent processes for merchants:
If you do not succeed to collect the payment you can directly proceed with the legal debt collection and open automatically a legal case in the corresponding debt collection office via our partner Tillbago.
The famous and popular payment slip will be replaced by a QR invoice during this year. Essentially, it will have the same functions as the classical payment slip, which existed for more than a hundred years. However, there are many new features and functions added. The QR invoice will be more comfortable, more flexible, digital and process-suited. As soon as the new QR invoice will be available we will make sure to let you know all the necessary updates. wallee and the feature invoice will be updated, too. You will have the option to use the QR invoice and print it directly out of wallee, as you've been able to do it with the invoices.
To use the WooCommerce integration, you need to fulfill these two requirements:
To get a feeling of how the whole store works, you can have a look into a demo store.
According to different studies, merchants are able to increase their sales if they add the payment method invoice to their portfolio. However, accepting invoices creates challenges for merchants. wallee tries to tackle those challenges and automates the different processes through the following features:
If you have any remaining questions, do not hesitate to contact us.
Diana Kottmann, Digital Marketing Manager