Atoa is certified by Xero: UK Businesses Get Paid Faster and Save on Fees with Instant Bank Pay
23 September 2024
London-based open banking payments provider Atoa announces a new integration with global small business platform Xero which offers fast, fair and secure invoice payments for UK small business owners. This new integration will enable customers to attach Atoa as the payments provider and add a "Pay with Bank App" button on Xero invoices for their end customers to pay directly from their bank app or online banking. Payments are automatically synced in Xero, saving business owners time on admin while helping them save significantly on processing fees.
Key benefits of connecting Atoa with Xero include:
● Faster payments: Invoices are paid from the recipient’s bank app without entering payment details, leading to quicker and more convenient invoice payments.
● Much lower fees: Rates start from 0.6% per transaction plus 10p on each Xero invoice payment, saving businesses up to 50% on processing fees.
Better cash flow: Get invoice payments in seconds, not days. Faster payouts give businesses easier access to valuable cash flow.
● Reduced admin time: Payments sync with Xero, saving time spent on manual reconciliation.
● Quicker for clients: Paying invoices by bank app offers a convenient, one-click payment option.
Connecting Xero with Atoa makes invoice payments easier and faster for business owners, allowing them to free up valuable time and resources that can be better spent on growing their business.
“Atoa’s new Xero integration is a game changer for any UK small business collecting payments using Xero invoices,” notes Sid Narayanan, CEO of Atoa Payments.
The Atoa and Xero integration is now available to all Atoa users in the UK. For more information, please visit the Atoa page on the Xero App Store.
How Atoa works
Atoa lets customers pay businesses directly from their UK mobile banking app without downloading an additional app. In this way, they can directly support the small and medium businesses that are key to keeping the UK high street alive. Atoa uses QR codes and payment links to provide open banking payments that skip card networks and offer business owners unbeatably low transaction rates.
Businesses download the Atoa app, securely link their bank account and complete a 5-minute business verification. Once this is in place, users can connect to Xero in a few clicks and create invoices for customers to pay directly from their bank app.
Atoa offers 14 days of free transactions to new users. Once this trial period ends, rates start from 0.6% per transaction, with an additional 10p charge for each payment received from Xero invoices.
About Atoa Payments Limited
London-based fintech, Atoa, allows UK businesses to accept payment from their customer’s bank app. Payment fees are up to 50% lower than cards and businesses receive funds instantly. Today, Atoa is trusted by thousands of UK businesses, and rated ‘Excellent’ on Trustpilot. Atoa is backed by prominent investors behind PayPal, Monzo, Wise, and more.
Atoa was co-founded by Sid Narayanan, Cian O’Dowd and Arun Rajkumar, who all previously founded Singapore-based fintech, KlearCard, which was acquired in 2021 by a lending scaleup.
Contact Atoa
Email: hello@paywithatoa.co.uk
