Overview
fumopay uses their own open banking technology to provide an online payment options, where payment is made directly from account-to-account but also provide card processing as well recurring payment options.
Get paid faster. Once connected with Xero, fumopay is added as an online payment option on your sales invoices, providing your customers with more ways of paying. Using fumopay, customers can pay online from desktop, mobile or tablet, in just a couple of clicks.
Improve cash flow. As open banking payments are made directly from account-to-account, funds appear instantly in your bank, unlike card payments which can take days to arrive.
No manual entry. When your customers make payment, they are taken directly to their own banking app to authorise the transaction. If they choose PaybyCard they will need to enter debit or credit card details.
Pricing plans. Platform access from £19.99 a month and a transaction fee from 1% for PaybyBank and PaybyCard - Card processing fees may vary based on the business MCC code that signs up. More information upon request.
FCA regulated. fumopay Ltd are regulated by the Financial Conduct Authority (FCA) as an Authorised Payment Institution.
fumopay + Xero
Once connected to Xero, fumopay provides an online payment option on your sales invoices.
Pay Now Button When you send online sales invoices via email, your customers can select “Pay Now” and choose fumopay’s “Pay by Bank” option to pay your invoice. They’ll be taken to their own online banking app, so customers won’t need to set-up a new PAYEE or enter any invoice details. Or if you have Card processing enabled with fumopay both payment options will appear. fumopay, making a payment only takes a couple of clicks.
Payment options You can add fumopay as a payment option to either individual invoices templates or all templates, providing flexibility on how you collect payments.
Easy reconciliation When your customer makes payment, 100% of the funds arrive in your account instantly and Xero automatically suggests a “match” on your bank reconciliation, saving you time finding and matching invoices with transaction fees.
Getting started
By connecting your Xero Account, your customers can use fumopay to settle their invoices using the Pay by Bank option. Follow the link below for more details.
