Through this integration, customers are set to be able to attach Atoa as a payment provider and include a ‘Pay with Bank App’ button on Xero invoices. This allows their customers to pay directly from their bank app or online banking. Afterwards, payments are automatically synced in Xero, in turn minimising management time for businesses and supporting them in reducing processing fees.
Among the potential benefits of connecting Atoa with Xero, the two companies mention:
Increased payment efficiency, with invoices being paid from the recipient’s bank app without entering payment details;
Decreased fees, with rates starting from 0.7% per transaction;
Optimised cash flow, allowing businesses to receive invoice payments more efficiently;
Minimised admin time, as payment sync with Xero enables time-saving capabilities on manual reconciliation;
Augmented client experience, as paying invoices by bank app provides a more convenient payment option.
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