Xero and Worldpay partnership makes keeping on top of cashflow easier for UK SMBs
A new integration to simplify payments for hundreds of thousands of SMBs has been announced today between leading payments company, Worldpay and Xero, the UK’s leading cloud accounting software company.
As part of this collaboration, Xero users will have the option to create and send electronic invoices, including a ‘Pay Now’ option that allows customers to pay immediately by entering their credit or debit card details through Worldpay’s secure payments gateway.
According to Worldpay, clunky payments processes put unnecessary barriers between the business owner and their customer, which can lead to delays in getting paid. Through this integration, the ‘Pay Now’ function, which also includes automatic reminders when payments are due, or overdue, will encourage faster payments by making the process as easy for customers as ordering from their favourite online stores.
James Frost, Chief Marketing Officer at Worldpay UK said: “It’s estimated that small business owners are owed as much as £14 billion, and for many business owners, chasing down payment and following up on invoices becomes almost a full-time job when they’d far rather be concentrating on something else.
“Most customers have good intentions when it comes to paying their suppliers, provided the process is made easy for them. Our partnership with Xero provides business owners a simple, efficient and professional way to make life easy for their customers, and removes the hassle of getting paid.”
Edward Berks, Director Sales, Financial Web and Ecosystem at Xero, added: ‘By working with Worldpay in this way, we’re making the lives of small businesses up-and-down the country a whole lot easier".
“Getting paid quickly and making it easier to sell goods and services is a clearly stated priority for UK businesses. This partnership is exciting for the customers of both Worldpay and Xero.”
Worldpay supports over 300,000 small businesses in the UK and offers customers more ways to pay quickly and securely. Xero recently announced that it now has over 250,000 subscribers in the UK and this new partnership adds to the 600+ organisations that Xero already works with, providing a variety of business solutions to help customers to run and grow their businesses.
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Notes to editor
Worldpay is a leading payments company with global reach. We provide an extensive range of technology-led payment products and services to around 400,000 customers, enabling their businesses to grow and prosper. We manage the increasing complexity of the payments landscape for our customers, allowing them to accept the widest range of payment types around the world. Using our network and technology, we are able to process payments from geographies covering 99% of global GDP, across 146 countries and 126 currencies. We help our customers to accept more than 300 different payment types.
Worldpay UK helps businesses of all sizes sell more to their customers by accepting card payments in-store, online, via mail or telephone, and on the move. www.worldpay.com/uk
Xero is beautiful, easy-to-use online accounting software for small businesses and their advisors. The company has over one million subscribers in more than 180 countries, with more than 250,000 of those in the UK. Xero seamlessly integrates with over 600 apps and took home a record number of UK industry awards in 2016, including Client Software Product of the Year at the British Accountancy Awards and Technology Provider of the Year at the British Small Business Awards.
For more information please contact:
Suraj Mashru, Golin: T + 44 (0) 20 7067 0494
Angela Woodward, Worldpay: T: +44 (0)203 664 2605
Xero Press Office: firstname.lastname@example.org or 020 7100 7100