21 November 2024
Add BPAY to Your Xero Invoices is now available for Xero Users.
Did you know you can now include BPAY as a payment option on your Xero invoices?
By adding BPAY, you enhance security against payment fraud and simplify reconciling payments.
With BPAY details displayed directly on your invoices, your customers can enjoy a secure, efficient way to pay—no manual CRN updates or repetitive adjustments needed.
💡 Did you know with the rise in fraudulent debits from bank account numbers provided on invoices, BPAY is becoming an increasingly popular and secure payment option.
What Does It Look Like?
When BPAY is integrated with your Xero invoices:
Customers see your biller code and their unique CRN directly on the invoice.
Payments are accurate, secure, and easy to track.
Setting Up Xero for BPAY Integration
Follow these steps to prepare your Xero account for BPAY functionality:
Work with Parakeet to Set Up Your BPAY Facility
Parakeet will liaise with your BPAY provider to gather and submit all necessary information.
This includes determining your check digit routine, CRN length, and providing sample CRNs and invoices.
Parakeet Customises Your Xero Invoices
We set up your Xero invoice template to be fully BPAY and bank-compliant, ensuring your invoices meet all requirements.
Leave "Account Numbers" field Blank in Xero Contacts
Ensure the “Account Number” section in your Xero contact profiles is left blank. Parakeet will automatically populate this field with the correct CRN.
Issue Invoices as Usual
Continue creating and sending invoices in Xero as you normally would.
Automated CRN Updates
Parakeet will handle everything automatically, assigning unique CRNs to new customers and updating invoices as your business grows. No manual steps are required—just go about your business as usual.
This process allows you to integrate BPAY without any disruption to your workflow.
Is This Solution Right for you?
BPAY integration is ideal if:
You already have a BPAY facility in place.
You’re considering setting one up.
Why Offer BPAY on Your Xero Invoices?
Adding BPAY to your invoices comes with several advantages:
Confidentiality
Customers can pay without accessing your bank details, enhancing security.
Accuracy
Biller codes and CRNs ensure payments are accurate and simpler to reconcile.
Scalability
BPAY is designed to handle high transaction volumes and large payment amounts.
Compatibility
Works seamlessly alongside other payment methods like Stripe, PayPal, and EFT.
When Is BPAY Most Helpful?
BPAY is especially useful if:
You have a large or growing customer base or issue high invoice volumes.
Reconciling payments from multiple channels (e.g., EFT, credit card) is time-consuming.
Some invoices are high-value, making EFT payments risky or card payments costly.
You want to avoid duplicate payments and simplify refunds.
How It Works?
Step 1: Provide or Set Up a BPAY Facility
If you’re setting up BPAY, Parakeet will collaborate with your provider to supply all necessary technical information.
This includes deciding on your check digit routine, CRN length, sample CRNs, and invoices.
Step 2: Customise Xero Invoices
We’ll customize your Xero invoice template to include BPAY details and customer CRNs.
Step 3: CRN Allocation
Unique CRNs are assigned to each customer—whether you have 100 or 7,000—ensuring compliance with BPAY standards.
Step 4: Automated Invoicing
As new customers are added or invoices issued, CRNs are automatically assigned, and BPAY details appear on each invoice without extra effort.
Questions?
You can learn more about it here.
---------------------------
About Parakeet:
Parakeet is a certified financial services app in the Xero app store that automates bill payments (BPAY & EFT) out of Xero and removes the need for manual uploading of ABA files or BPAY batch files into internet banking.
See Parakeet's Xero App Store listing here.
Learn about Parakeet's automated BPAY Bills payment automation (AP) here
For more information, contact: media@helloparakeet.com
Comments