Pinch Payments can help your business
Sell products and/or services
- Chase payments
Manage accounts, cash flow and finance
- Receive invoices or bills
- Pay bills
Tasks for Accountants and Bookkeepers
- Invoicing and debt collection
- Billing and Payments
Overview
Pinch Payments is one of the highest rated payments app on the Xero App Store. Over 3000 businesses have now used Pinch to eliminate late payments for good.
Our customers vary but we are the perfect solution for food and beverage wholesalers, B2B recurring service businesses like accountants or digital marketing agencies, recurring home service businesses and essential family service providers like community meals delivery services, children's education providers and local membership organisations. Pinch is the perfect payments platform for any businesses that invoice customers regularly and find themselves having to chase them down to get their payments.
What Pinch can do?
Accept one time credit card payments on invoices, and easily set up direct debits agreements.
Collect payments automatically on any invoice in Xero with our Pre-Approvals feature. Your customer can nominate their bank account, or use their credit card. Hundreds of businesses have made the switch to Pre-Approvals and get 100% of their invoices paid on time.
Offer your customers payment plans - breakdown larger invoices into smaller payments and easily turn consistent late payers into good ones.
Offer your customers their own secure portal to make payments to you, and any other suppliers they have that use Pinch.
Enable the Pinch Plus browser extension to use Pinch without leaving Xero.
Our helpful Australian based support team will work tirelessly to take care of you and your payments. We work seamlessly with your accountant or bookkeeper to set up Pinch the way that works best for you. Don't have one? We can work with you directly, or find one for you.
Are you more technical? Use our Payments API to enable our features in your own software platform. Our tech team has worked for some of the world's largest payment companies, and our approach to tech partnership is full collaboration. If you need a more integrated and technical solution we’ve got you covered.
Pinch Payments + Xero
There’s a reason that Pinch is one of the highest rated payments and invoicing app on the Xero App Store.
When you add Pinch Payments to Xero; invoicing and collecting payment goes from a mind numbing admin task to set and forget. Whether it's just one painful part that's the problem, or you want your entire accounts receivables process automated from end to end, Pinch can assist.
Connecting Pinch with Xero is easy. Simply create a free account on the Pinch website and follow the prompts to plug it into Xero. From there upload business verification information for approval and in as little as 24 hours you can be up and running.
When you set up your Pinch account it automatically syncs your Xero contact list, no manual data migrations necessary.
Some of our Xero specific features include:
Adding a payment link to your Xero invoices to allow your customers to pay for services with a credit or debit card instead of having to log into their online banking and transfer you cash.
Or better yet ...
Auto-sending invoice alerts via email from Pinch when marked as approved in Xero. This is great if you use a separate job tracking system that copies invoices to Xero such as a time tracking system, job management platform or project management system. Our tech support, pool maintenance and home services customers absolutely love this feature as it unlocks the ability to automatically invoice when doing time and materials billing.
From there you can easily send direct debit requests to any of your existing customers that are a bit tardy with payment and get them to pre-approve you for auto payment on your routine invoices. You can even set authorisation limits, so if you have customers that do repeat small jobs but also have larger invoices, you can automatically collect the smaller ones, without shocking them by taking the larger ones.
By using the above two features in tandem, you can make collecting payments on the vast majority of your invoices automatic.
Last but definitely not least; gone is the need to do manual reconciliation because Pinch does it for you!
Every payment we process gets automatically reconciled with the corresponding Xero invoices. Yet another routine accounts admin step gone. This cleaner more consistent file will make you your accountant's favourite client.
Pinch can also be used to automatically collect invoices from systems like Paidnice, ServiceM8, Simpro, Pooltrackr, Bufferzone, Timely, Upstock, Cin7 Core, Unleashed Inventory, WorkGuru, Cybake and more. If system you use pushes invoices into Xero, we can automatically take the payment.
Getting started
While it says free trial, the Pinch software is free to use forever, we only charge transaction fees. These fees are 1.95% + 30c per card payment and 1% + 30c per bank transfer (direct debit), which you can on-charge to the invoice payer at your discretion.
To get started you will need:
- Admin access to your Xero account
- Photo ID of the business owner/director of the company, if you're not sure who it needs to be we can help you find out, just set up your account and email support@getpinch.com.au.
- A bank statement with a full history of business transactions
- An ASIC summary or extract
You will be asked to connect your Xero account during registration, but you can skip this and do it later by selecting to use Pinch without an accounting system option on the registration form. By connecting your Xero file you will be able to see all of your customers and invoices in Pinch and it is essential to do this to get the maximum results of using Pinch as a Xero payment option.
Once you have an account simply go to the documents section and upload the documents requested. We will review your account application and notify you within 2 business days, sometimes same day.
Want to find out more about Pinch? Book in for our weekly group lunch demo, every Thursday at 1pm. Visit our website to find out more details.
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