We’re excited to introduce Instant Bank Pay, a new payment method by GoCardless. Some of your clients may have already used GoCardless to collect Direct Debit payments. Now, they 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.
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 and your clients will love it!