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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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    Stuart Grostern commented  · 

    Hi Xero

    I fully agree with the comments below from Stephen Camilleri, they exactly amplify the long-standing need to process and record FX batch payments. Building multicurrency bill payment batch capabilities is not what this community was asking for but somehow you have managed to launch a new commercial product to make money off of for what most of feel should be a basic capability. I will not be using this feature as I already have FX payment providers who have fantastic statement capabilities and great FX prices and will not pay for this again via XERO.

    Stuart Grostern supported this idea  ·