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  1. Multicurrency- Batch payments of Foreign Currency Bills.

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    229 comments  ·  Purchase orders, bills & inventory » Paying bills  ·  Admin →
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    In development  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi everyone, thanks for continuing to share feedback about paying multiple bills in foreign currencies with us here.

    As mentioned in my last update UK organisations can use our online bill payments solution with Crezco to pay international suppliers.

    UK businesses can now use open banking to pay suppliers in 180+ countries, including in EUR, USD and AUD, either individually or in batches. Payments can be prepared by a team member, authorised and tracked in Xero.

    To share further progress in the US we've launched online bill payments through Melio, which includes ACH and international or cross-border payments.

    We've also launched a bill payments solution for AU with AirWallex that's currently in early access. This doesn't yet support paying in foreign currency however this functionality is high on our radar as we continue to develop this experience.

    We’ll continue to share progress as the further regional capabilities develop. Thanks

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    Nathan Campbell commented  · 

    I have a client who is a Company selling shoes. They have a constant stream of bills coming in from both UK and EU suppliers. The client uses their system along side their online banking to make payments to said suppliers. So they will make a payment on Xero, against their Sterling or Euro Bank account and then send the remittance to the supplier through Xero. Then send the payment to the client through their online banking. The client will pay multiple invoices off at the end of the week so the ability to pay off multiple Euro bills at once is Essential for them

    Nathan Campbell supported this idea  ·