GoCardless extends strategic partnership with Xero

Bank payment solutions provider GoCardless has extended its existing strategic partnership with small business platform Xero for another five years.

GoCardless and Xero have been working together since 2016 to help small businesses get paid more quickly.

Through the partnership, Xero’s small business customers can connect their online invoice payments to the GoCardless platform.

Xero’s customers are able to use GoCardless directly within the Xero platform to collect recurring and one-off payments, through both direct debit, and via a GoCardless feature to collect instant, one-off payments powered by Open Banking in the UK and PayTo in Australia.

Leigh O’Neill, executive general manager, money at Xero, said: “More than ever, with macroeconomic pressures, small businesses around the world are needing different ways to maintain a healthy cash flow.

“Our partnership with GoCardless offers Xero customers the ability to tap into GoCardless’ global bank payment network so they can get paid faster.”

The GoCardless integration is available to all Xero subscribers in the UK, Australia, Canada, Ireland, New Zealand and the US.

“Our relationship with Xero started with our shared ethos of supporting small business,” added Seb Hempstead, vice president of partnerships at GoCardless.

“Throughout the years our joint customers have told us how much this strategic partnership has transformed their business, from freeing up hours of valuable time, to solving their cash flow woes.”

Read this Insight written by Tom Burton, director of external affairs and public policy at GoCardless, looking back at PSD2 and what it can teach the industry.