Via payments platform Stripe, Xero has integrated Apple Pay into its platform.
When Xero users use Apple Pay, transactions will now be automatically entered and matched against invoices in Xero, automating the invoice reconciliation process.
Before this integration, businesses that wanted to pay an invoice via credit card needed to enter their credit card details to complete the payment. The option of using Apple Pay via Stripe allows them to confirm payments using their fingerprint ID on their Apple device, which also gives an added layer of security.
“Mobile payments are the way of the future,” said Craig Walker, Xero chief technology officer, in a statement. “Attaching a payment option to online invoices helps Xero customers get paid almost 80 percent faster than invoices that don’t use a payment service - so they spend less time chasing unpaid invoices for a more productive and cash healthy business. By enabling these connections with payment services, small businesses are able to offer multiple payment options on an invoice, giving them and their customers choice of payment and also the ability to pay the invoice as soon as it arrives, ensuring they get paid faster.”
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