SOURCE: Xero

Xero

Xero

June 04, 2013 09:00 ET

Xero & Stripe Partner to Simplify Online Payments for Small Businesses

Beautiful Accounting Software and Notable Payment Processing Company Join Financial Forces to Provide Small Businesses a Variety of Ways to Get Paid

SAN FRANCISCO, CA--(Marketwired - Jun 4, 2013) - Xero, the global leader in online accounting software, and Stripe, the company that enables you to instantly accept credit card payments online, have joined forces to ensure that getting paid and managing finances in the cloud is simple and intuitive for businesses of all sizes. Both companies backed by PayPal co-founder and serial entrepreneur, Peter Thiel, share a vision to create software that benefits users by providing seamless functionality and bypass the legacy finance industry. 

Xero users now have the ability to integrate Stripe's easy online system providing them a host of ways to accept payments. The integration also marks the beginning of a partnership between the two companies to help businesses get paid faster online while also offering them a real time view into finances.

A recent Zogby survey of over 500 businesses found one of the biggest financial stressors for small businesses (46 percent) had to do with being paid. What's more, a global invoicing guide from Xero found payments were, on average, two weeks late, increasing the anxiety for business owners across the globe. Therefore, in addition to the Stripe integration, Xero is providing payment platforms to its non-U.S. users by partnering with DPS Payments and GoCardless

"Cashflow is the most important aspect of running a business," said Jamie Sutherland, Xero's U.S. President of Operations. "Having software in place that allows users to get paid faster is invaluable to the business owner. Stripe offers this in an elegant and simple way. Couple that with Xero's anytime, anywhere access to financials, business owners are able to make smarter decisions about where they spend their company dollars." 

"Xero makes beautiful, effortless software for managing a business. This echoes our mission to simplify online payments for all businesses from start-ups to Fortune 50 companies," said John Collison, co-founder of Stripe. "The integration between Stripe and Xero makes it even easier to get paid using Xero's seamless invoicing capabilities. We're thrilled to be working with them."

As an extra incentive, Stripe customers new to Xero will be able to use the accounting service for free up to 60 days. To see more of this offering visit: Xero offer for Stripe customers. Xero customers are thrilled, as they have been requesting a partnership between the two like-minded companies for some time. 

"We run our business online. It's how we attract clients and how job seekers in need of our service find us. That's why it's so important to have a good payment processor, so you know quickly what's going out and, more importantly what money is coming in," said Caitlin MacGregor co-founder of Cream.hr. "We've currently use Stripe and love it and are looking forward to pairing it with our Xero account. Our finances are going to be in stellar shape."

About the Survey
Zogby International was commissioned by Xero to conduct an online survey of 526 small business owners. A sampling of IBOPE Inteligência's online small business panel was invited to participate in the survey from 8/20/12 to 8/21/12. The margin of error is +/- 4.4 percentage points.

About Stripe
Based in San Francisco, Stripe is the easiest way to accept payments online. Stripe can be set up instantly and integrated into any website or mobile app. Stripe is used by thousands of businesses of every size -- from start-ups to Fortune 50 companies including Shopify, Foursquare, Mixpanel, Heroku, Reddit, Boxee, Lyft and Squarespace.

About Xero
Xero is beautiful, easy to use online accounting software for small businesses and their advisors. The company has over 150,000 paying customers in more than 100 countries around the world. Recently Xero garnered a five-star review for Software As Service from CPA Practice Advisor. Xero's U.S. team is based in San Francisco. Xero is hosted with Rackspace in Chicago. See: www.xero.com

Contact Information

  • Xero U.S President of Operations:
    Jamie Sutherland
    (415) 806-1107
    Email Contact

    Stripe Co-Founder:
    John Collison
    (650) 739-5207
    Email Contact

    Xero Media Contact:
    Kristin Farrell
    (415) 963-4174 ext. 10
    Email Contact