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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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    Victoria Banks commented  · 

    I agree. The lack of foreign bills functionality and inability to enter IBAN numbers/Swift/BIC in Xero means we are moving away from this database. Unfortunate because it has so many pluses but it cannot seem to fix this universal thing. What is the point in allowing foreign bills to be entered but you cannot pay them?

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    Victoria Banks commented  · 

    IBAN/SWIFT is a standard international bank account numbering system. Bank account/sort code is limited to the UK or maybe other countries too? Surely Xero should allow IBAN numbers be added. Isn't it a simple field change? Xero has done well to allow multi-currency invoices/bills but to have the ability to receive payments in at least Euros and US dollars (& any other major currencies) would really expand the XERO customer database!