Xero attracts US-based B2B provider to its marketplace

The integration is now available on Xero Marketplace and allows Xero users to accept bank (including ACH, Smart ACH/eCheck), debit, and credit card payments directly in sales orders and invoices. The end result is automated accounting processes and lowered transaction costs, the company says.

The company further states this plugin optimises B2B payments and delivers Xero users the capabilities to up-level billing, invoicing and reconciliation processes while driving bottom-line savings.

PayStand is a US-based and venture-backed company that uses internet, blockchain and Software-as-a-Service (SaaS) technologies for business-to-business payments. In November 2017, PayStand announced it had raised a USD 6 million Series A funding round led by investors BlueRun Ventures, with participation from Cervin Ventures, Serra Ventures, TiE, and Capital for Founders.