Speed up payments with a pay now button in your online invoices.
Did you know you can add a ‘pay now’ button to your online invoices for faster payments and improved cashflow? 
A study found it takes 20 to 30 days on average for eight out of 10 businesses to receive payments. This has an important impact on cashflow and can slow down growth. Some businesses use loans and other types of credit to manage financially due to late payments. It can even affect your ability to pay employees and suppliers. 
 
You can simplify payments for your customers by using modern financial technology. A payment link in your invoice email is a simple way to encourage payment from your customers. A button requesting immediate payment connects them to a payment page. They can quickly and securely make their payments using a credit or debit card, via e-wallets or other methods. 
 

How ‘pay now’ works 

Crezco uses open banking principles to simply and securely move and manage money. Currently, the UK’s nine largest banks and building societies must make your data available through open banking. Other smaller banks and building societies can choose to take part in open banking. 
 
It’s designed to simplify payments for small and medium-sized businesses. You can accept bank transfers without fees or processing delays using secure and reliable payment processing directly between banks. Bank-grade security protects your payments and financial data. 
 
Crezco automatically adds a payment link to your invoices in Xero. You can accept card payments, direct debits, and other convenient payment methods using trusted payment services. You can offer online invoice payment options with Stripe or GoCardless to speed up payments. You can also make sure all your bank account details are correct to avoid delays. Account-to-account payments automatically match in Xero, simplifying reconciliation too. 
 
According to Xero, by using Crezco to collect payments you can: 
receive payments seven days earlier on average 
save around 10 hours per month on reconciliation 
save £hundreds per month in payment fees. 
 
You can also use Xero’s online bill payment tools to pay your supplier bills when open banking is enabled for your account. 
 

Setting up ‘pay now’ 

It’s easy to connect your Xero account to Crezco and a trusted payment service. You only pay a transaction fee when customers pay online. You can choose to pass on some or all the fee to them. 
 
You can the set up invoice templates with your logo, a customised message, and a ‘pay now’ button. Your customers can pay straight from the invoice, reducing steps they must take and cutting time you spend chasing payments. 
 
Crezco also supports Xero online bill payments, making it fast, secure and simple to pay all your bills in one go directly from Xero. 
 
Please get in touch if you would like to discuss this and other ways to improve your business’s cashflow. 
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