Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Xero Integration with Swipe HQ Set to Improve SME Cash Flow

Xero Integration with Swipe HQ Set to Improve Cash Flow for Kiwi SME'S
By Fleur Revell
10 July 2014

New Zealand SMEs will now have access to a low cost credit card gateway thanks to a new partnership between Xero and local merchant facility provider Optimizer.

The payment technology known as Swipe HQ allows businesses to insert a ‘pay now’ link into their Xero invoices and receive payment via credit card from their customers.

Optimizer Group CEO, Manas Kumar says the technology offers businesses a low cost way to improve their short term cash flow.

He says this new partnership with Xero comes on the back of its recent rollout of Swipe HQ into a number of Asian markets: Vietnam, Sri Lanka, Mongolia, Thailand and Philippines.

Kumar says the option to pay by credit card is usually readily accepted by customers as the credit card company offers additional payment days as well as loyalty rewards, such as frequent flyer points.

"For the supplier, the improvement in cash flow and reduction in administrative resources required to chase outstanding accounts far outweighs the 2.75% transaction fee for the service.

"In our experience, businesses which introduce our card payment links into their accounting process get paid faster,” he says.

Xero New Zealand Managing Director, Victoria Crone, says the introduction of Swipe HQ into the Xero ecosystem is a welcome addition.

“Cashflow is hugely important to our small business customers. By combining Swipe HQ with Xero, customers can bring invoice presentation and payment online and get paid faster. ”

The Swipe HQ virtual payment gateway is free for Xero customers to join, and has no monthly fees. More information on the service is available at www.swipehq.com/xero-integration.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Drones: First Certificate Issued Under New UAV Rules

Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say the first certified flight of an unmanned helicopter under new aviation rules is a great example of how they can enable commercial use. More>>

ALSO:

GE Swedes And Cow Deaths: Plant Analysis Backs Up Earlier Advice

The industry body is recommending that farmers do not feed Herbicide Tolerant (HT) swedes to cows in spring when the animals are in late pregnancy or early lactation. DairyNZ is also advising caution if farmers are considering other leafy varieties. More>>

ALSO:

Statistics: Dairy And Travel Still Our Largest Export Earners

New Zealand earned $2.3 billion more from exports than we spent on imports during the year ended June 2015... total exports of goods and services were $67.5 billion, while total imports were $65.1 billion. More>>

ALSO:

Approval: Air New Zealand And Air China Launch New Alliance Route

Air New Zealand and Air China have today launched joint sales for a new daily direct service between Auckland and Beijing after receiving approval from New Zealand Minister of Transport Hon Simon Bridges to form a strategic alliance. More>>

ALSO:

Money Trading: FX Trader Jin Yuan Finance Warned Over Lack Of Monitoring

Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. More>>

ALSO:

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news