We’re excited to introduce Instant Bank Pay, a new payment method by GoCardless. You may have already used GoCardless to collect Direct Debit payments. Now, you can use them to collect instant, one-off payments too.
How Instant Bank Pay works
- Create an invoice in Xero as you normally would.
- Under ‘Online payments’ select ‘Bank payments’ and then choose how you would like the customer to pay. For a one-off payment select ‘One time instant bank pay powered by GoCardless’ then click ‘Done’. Once your GoCardless account has been set up, a ‘Pay now’ button will be added to the invoice.
- On the Xero invoice, the customer clicks on ‘Pay now’ and chooses to make a one-off instant payment. They will then be prompted to connect with their online banking portal or mobile banking app.
- All the transaction details are then pre-populated. Your customer just needs to click to approve, and payment confirmation is instant.
Check out the detailed step by step guidance on Xero Central.
It’s quicker and easier than a manual bank transfer. Plus, your clients can also set up a Direct Debit at the same time if they wish to collect future payments automatically. Try it – we think you will love it!
Check out more on GoCardless payment services here.