diff --git a/resources/views/admin/merchants/index.blade.php b/resources/views/admin/merchants/index.blade.php
index fe41939..013cd31 100644
--- a/resources/views/admin/merchants/index.blade.php
+++ b/resources/views/admin/merchants/index.blade.php
@@ -98,6 +98,7 @@
                             <a class="muted" href="{!! $makeSubscriptionsUrl((int) $merchant->id) !!}">订阅</a>
                             <a class="muted" href="{!! $makePlatformOrdersUrl((int) $merchant->id) !!}">平台订单</a>
                             <a class="muted" href="{!! $makePlatformOrdersUrl((int) $merchant->id, ['renewal_missing_subscription' => '1']) !!}">续费缺订阅</a>
+                            <a class="muted" href="{!! $makePlatformOrdersUrl((int) $merchant->id, ['payment_status' => 'paid', 'receipt_status' => 'none']) !!}">已付无回执</a>
                         </div>
                         <div class="muted muted-xs">当前阶段请使用该站点管理员账号登录</div>
                     </td>
diff --git a/tests/Feature/AdminMerchantIndexGovernanceLinksShouldIncludePaidNoReceiptTest.php b/tests/Feature/AdminMerchantIndexGovernanceLinksShouldIncludePaidNoReceiptTest.php
new file mode 100644
index 0000000..724f8b8
--- /dev/null
+++ b/tests/Feature/AdminMerchantIndexGovernanceLinksShouldIncludePaidNoReceiptTest.php
@@ -0,0 +1,46 @@
+<?php
+
+namespace Tests\Feature;
+
+use App\Models\Merchant;
+use Illuminate\Foundation\Testing\RefreshDatabase;
+use Tests\TestCase;
+
+class AdminMerchantIndexGovernanceLinksShouldIncludePaidNoReceiptTest extends TestCase
+{
+    use RefreshDatabase;
+
+    protected function loginAsPlatformAdmin(): void
+    {
+        $this->seed();
+
+        $this->post('/admin/login', [
+            'email' => 'platform.admin@demo.local',
+            'password' => 'Platform@123456',
+        ])->assertRedirect('/admin');
+    }
+
+    public function test_merchant_index_governance_links_should_include_paid_no_receipt(): void
+    {
+        $this->loginAsPlatformAdmin();
+
+        $merchant = Merchant::query()->create([
+            'name' => '站点治理已付无回执测试站点',
+            'slug' => 'merchant-paid-no-receipt-link',
+            'plan' => 'pro',
+            'status' => 'active',
+            'contact_name' => '张三',
+            'contact_phone' => '13800138000',
+            'contact_email' => 'merchant-paid-no-receipt@example.com',
+        ]);
+
+        $res = $this->get('/admin/merchants');
+        $res->assertOk();
+
+        $html = (string) $res->getContent();
+        $this->assertStringContainsString('已付无回执', $html);
+
+        $expectedBack = urlencode('/admin/merchants');
+        $this->assertStringContainsString('/admin/platform-orders?merchant_id=' . $merchant->id . '&payment_status=paid&receipt_status=none&back=' . $expectedBack, $html);
+    }
+}