Xero introduces Pay by Bank for small businesses

Xero introduces Pay by Bank for small businesses

Late payments pose a significant challenge for small businesses, frequently disrupting cash flow and hindering the management of daily operations.

Recognising this challenge, Xero have expanded their payment options for small businesses to include Pay by Bank, powered by Stripe.

Here’s what you need to know about Xero’s latest feature.

Pay by Bank with Xero

Pay by Bank is a real-time payment method that enables you to collect one-time payments from your clients quickly, securely, and cost effectively.

Chasing overdue invoices takes up valuable time and damages your cash flow.

Pay by Bank offers a convenient payment option for your clients, ensuring you receive your money quickly and alleviating cash flow concerns.

Xero’s Pay by Bank feature offers a range of benefits, including:

Fast and easy for clients: Pay by Bank enables your clients to authorise bank payments quickly and easily using their mobile banking app or online banking portal.

Real-time payment visibility: Payment confirmations are made visible in your Stripe account instantly, so you know exactly who has paid and when.

Low processing fees: Transactions fees for Pay by Bank are capped, helping you reduce transaction costs.

Automated processes: Funds are settled automatically with Pay by Bank, simplifying bank reconciliation.

By offering your clients a wider range of payment methods, you’ll get paid faster, save time, and enjoy a healthier cash flow.

Unlock the full power of Xero with Butterworth Barlow

At Butterworth Barlow, we’re proud to be Gold Xero Partners, bringing the UK’s leading cloud-based accounting solutions to businesses like yours.

With years of experience, our certified Xero accountants provide expert guidance and support to help your business thrive with Xero.

We’ll set up and customise Xero to suit your unique business needs, as well as provide comprehensive training to ensure your team has the skills to use Xero effectively.

With Xero’s powerful accounting, bookkeeping, and payroll features, you’ll be able to dedicate your time and energy towards growing your business.

Ready to simplify your customer payments? Contact our software experts today for more information about Pay by Bank with Xero.

Insights

Underpaid tax? Here is what you need to do now

April 16, 2026

As the new tax year gets underway, the time has come for businesses and individuals to review their positions to…

Read More

As energy costs rise, is now the time for your business to go green?

April 9, 2026

As the conflict in the Middle East disrupts the global economy, many businesses are eyeing their energy bills with dread.

Read More

Does being on maternity leave make you exempt from Making Tax Digital?

March 26, 2026

Given that it is the biggest overhaul to the way that taxes are filed in decades, it is no wonder…

Read More