Enhance Your Payment Collection with PaybyBank on Xero

We’re thrilled to announce an exciting new partnership with fumopay, bringing PaybyBank to your Xero sales invoices. This integration is designed to streamline the payment process, offering a faster, more secure, and cost-effective method for your customers to pay.

PaybyBank has been gaining widespread popularity, particularly among small businesses, for several reasons:

• Get Paid Faster: Customers can skip the hassle of entering card details or setting up new payees. They simply choose their bank, authorise and pay—making transactions quick and easy.
• Security and Trust: PaybyBank ensures high-level security by requiring customers to approve payments directly via their bank. It’s already used by trusted institutions like HMRC.
• Lower Costs: Unlike traditional payment methods, PaybyBank comes with no ongoing transaction fees, saving you money.
• Instant Settlements: Unlike card payments that can take days to process, PaybyBank transactions settle immediately, improving your cash flow.

If you’re currently using Stripe or PayPal, you could see significant savings in transaction fees by switching to PaybyBank.

Our client’s will have the opportunity to try fumopay’s PaybyBank on Xero for FREE, so you can see the benefits first hand.

If you’d like more information about PaybyBank, or would like to subscribe, please contact us today.

About fumopay

fumopay are an innovative and FCA (Financial Conduct Authority) regulated organisation specialising in mobile-first, Pay by Bank solutions. fumopay uses Open Banking technology to provide an account-to-account payment platform specifically designed to improve the efficiency and cost-effectiveness of transactions for businesses.

Replacing card payments (and their associated fees), the platform was built with the express objective of expediting payments and improving cash flow by avoiding the crippling damage caused by late payments. Unlike many of competitors, fumopay does not rely on 3rd party services; they securely manage payments directly with your bank.