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

 

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news