Overview
fumopay uses open banking technology to provide an online payment option, where payment is made directly from account-to-account.
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 payment is made directly from account-to-account, funds appear instantly in your bank, unlike card alternatives 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. They don’t need to enter debit or credit card details, set you up as a new PAYEE or even enter the invoice amount.
Pricing plans. fumopay charge 0% per transaction, so you keep 100% of your invoice. fumopay charge a fixed annual fee of £48 (Sole Traders) or £69 (Small Ltd), so you know exactly how much processing your online payments is costing you. Full pricing plan details.
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. Using 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.
