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Finverse Payments

By Finverse Payments
0 out of 5 stars
Collect one-off and recurring payments directly on invoices, using automated bank payments (direct debit, QR): save 85% compared to card payments, automatically collect revenue on-time, eliminate manual reconciliation & simplify your accounting.
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Listed for
1 year
May 2023
Key functions
Payments

Overview

Accept bank payments online and get paid up to twice as fast when using Finverse in Xero. You can also set recurring payments for repeat customers with auto pay option to turn always-late into on-time payers.

Whenever you receive payments via Finverse through a Xero invoice, every payment is automatically reconciled with the outstanding amount. No screenshots or manual reconciliation required.

Key benefits:

  • Get paid faster by embedding bank payments into invoices
  • Enable recurring payments via autopay (direct debit / eDDA)
  • Eliminate AR reconciliation costs (for finance/ops teams)
  • Support all Hong Kong banks (115 banks)
  • Instant setup: turn on payments in Xero in <5 minutes
  • Low cost: 85% lower cost vs. card payments

Fees:

  • Invoice payment collections: 0.5% of payment amount (min HK$5 per transaction)
  • No monthly fees or minimums

Finverse Payments + Xero

Send invoices from Xero: Approve & send your invoices normally choosing 'Finverse' as payment method -- they will now include a "Pay now by bank" option (alongside any other payment options you may already use like Stripe/Paypal)

Online payment: Customers open & complete the Finverse payment flow directly from the "Pay now" button on each invoice. Customers will receive email notifications from Finverse for any payments they make.

Automatic reconciliation in Xero: Once the customer's payment is complete, Finverse will automatically mark the Xero invoice as paid & register fees & payouts in the "Finverse Clearing Account".

Autopay future invoices: if a customer opts-in to autopay future invoices, Finverse will automatically lookup Xero invoices for that customer and execute a payment on the invoice due date if the invoice is still unpaid. Customers will receive email notifications from Finverse for any autopayments that are scheduled.

View Finverse payments dashboard: Go to dashboard.finverse.com > Payments to view all payments made, plus any autopayments scheduled.

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Additional info

Shared data

Xero
Finverse Payments
Bank Transactionsshared from Finverse Payments to Xero
Accountsshared from Xero to Finverse Payments
Payment Servicesshared from Finverse Payments to Xero
Paymentsshared from Finverse Payments to Xero
Invoicesshared from Xero to Finverse Payments
Contactsshared from Xero to Finverse Payments
Branding Themesshared from Xero to Finverse Payments
Bank Transfersshared from Finverse Payments to Xero

Functions

Payments

Industries

Professional servicesProperty and realtyAccounting

App details

By Finverse Payments
Added in 2023

Countries

Hong Kong

Languages

Chinese (Traditional), English, Vietnamese

Support

Setup walkthroughContact supportsupport@finverse.com

Follow

LinkedIn

Get started with Finverse Payments

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