Atoa is certified by Xero

UK Small Businesses Get Paid Faster and Save on Fees with Instant Bank Pay

London-based open banking payments provider Atoa announces a new integration with global small business platform Xero, which offers fast, fair and secure invoice payments for UK small businesses. 

This new integration will enable customers to attach Atoa as the payments provider and add a “Pay with Bank App” button on Xero invoices for their customers to pay directly from their bank app or online banking. Payments are automatically synced in Xero, saving businesses time on admin whilst also helping them save up to 50% on processing fees versus other providers.

Key benefits of connecting Atoa with Xero include:

• Faster payments: Invoices are paid from the recipient’s bank app without entering payment details, leading to quicker and more convenient invoice payments.
  
  
• Much lower fees: Rates start from 0.7% per transaction plus 10p on each Xero invoice payment, saving businesses up to 50% on processing fees. Note that custom pricing is available for larger clients.
  
  
• Better cash flow: Get invoice payments in seconds, not days. Faster payouts give businesses easier access to valuable cash flow. 
  
  
• Reduced admin time: Payments sync with Xero, saving time spent on manual reconciliation.
  
  
• Quicker for clients: Paying invoices by bank app offers a convenient, one-click payment option for clients.
  
  

Sid Narayanan, CEO of Atoa comments: “Atoa’s new integration with Xero makes it easier and more cost effective for UK businesses to collect payments through invoices. It also frees up valuable time and resources that can be better spent on accelerating growth.” 

The Atoa and Xero integration is now available to all Atoa users in the UK. For more information, please visit Atoa on the Xero App Store.

About Atoa Payments Limited

Founded in 2022, London-based Atoa is a leading provider of open banking-enabled payment solutions, helping businesses improve cash flow, reduce transaction fees, and enhance customer experiences.

Atoa lets customers pay businesses directly from their UK mobile banking app, using QR codes and payment links to provide open banking payments that bypass card networks and offer businesses low transaction rates. Atoa’s frictionless payment technology saves businesses up to 50% on payment processing fees while offering instant or end of day settlements. 

Businesses register on Atoa’s website, securely link their bank account and complete a 5-minute business verification. Once this is in place, users can connect to Xero in a few clicks and start creating invoices for customers to pay directly from their banking app.

Atoa offers 7 days of free transactions to new users. Once this trial period ends, rates start from 0.7% per transaction, with an additional 10p charge for each payment received from Xero invoices. Preferential rates are available for businesses processing higher payment volumes.

Trusted by thousands of UK businesses, Atoa is FCA authorised and backed by prominent investors behind PayPal, Monzo, Wise, and more. Atoa is redefining payments with a focus on security, compliance, and seamless integration.

For more information, visit www.paywithatoa.co.uk.

Media contacts

Callum Carlstrom
Head of Marketing
📩 callum.carlstrom@paywithatoa.co.uk