Xero and Paypal join forces to speed up payday
Waiting for payday can be a bit of a headache, which is why zero has teamed up with PayPal to create the ‘PayPal Express Checkout’.
Based on recent research conducted by Xero, over 60% of invoices are paid late. Because of this, PayPal and Xero saw an opening to create a smoother and faster payment experience for their customers.
With PayPal Express Checkout for Xero, clients can pay in just a few clicks from directly within the invoice, ensuring a speedy pay time.
For Steve Fusco, vice president and GM of North American Distribution at PayPal, the new partnership has allowed the company to continue its mission of a secure and easy delivery for customers.
“Sometimes it feels like you have to go above and beyond to get your invoices paid, but with PayPal Express Checkout, we are offering Xero customers a faster and simpler way to get paid, and reduce time spent on the payment process to just a couple of clicks.”
Craig Walker, CTO of Xero, says that by enabling third party financial services, small businesses are able to offer multiple payment options on an invoice.
“Working with PayPal has allowed us to address one of the biggest concerns for small businesses owners: delayed cash flows,” says Walker.
“By extending our integrations with PayPal payments and automating the invoicing reconciliation process, we are giving customers the tools they need to spend less time chasing money and more time focusing on growing their business,” he explains.
PayPal Express Checkout for Xero leverages the newest PayPal API so customers can have an in-context experience which is tied directly to their invoice.
The new integration also allows business owners to automatically view and reconcile PayPal transactions from within Xero.